Equities analysts expect Secureworks Corp (NASDAQ:SCWX) to announce earnings of ($0.05) per share for the current quarter, Zacks reports. Four analysts have provided estimates for Secureworks’ earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.06). Secureworks posted earnings per share of ($0.06) during the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The company is expected to issue its next quarterly earnings report on Wednesday, December 5th.

On average, analysts expect that Secureworks will report full-year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.16) to ($0.15). For the next year, analysts forecast that the business will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.08) to $0.05. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Secureworks.

Secureworks (NASDAQ:SCWX) last issued its quarterly earnings data on Wednesday, September 5th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Secureworks had a negative return on equity of 4.67% and a negative net margin of 5.13%. The business had revenue of $128.80 million for the quarter, compared to the consensus estimate of $127.62 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Secureworks from $10.50 to $11.50 and gave the stock a “hold” rating in a report on Thursday, September 6th. Morgan Stanley increased their price target on Secureworks from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. UBS Group downgraded Secureworks from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a report on Friday, August 24th. BidaskClub downgraded Secureworks from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, ValuEngine upgraded Secureworks from a “hold” rating to a “buy” rating in a report on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.20.

Shares of SCWX stock opened at $13.12 on Friday. Secureworks has a 1 year low of $7.83 and a 1 year high of $15.88. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -29.16 and a beta of 1.37.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCWX. Rhumbline Advisers purchased a new position in Secureworks during the 2nd quarter worth $142,000. Schwab Charles Investment Management Inc. purchased a new position in Secureworks during the 1st quarter worth $158,000. Deutsche Bank AG increased its holdings in Secureworks by 156.9% during the 4th quarter. Deutsche Bank AG now owns 19,307 shares of the technology company’s stock worth $171,000 after purchasing an additional 11,791 shares during the period. Engineers Gate Manager LP purchased a new position in Secureworks during the 2nd quarter worth $186,000. Finally, Millennium Management LLC purchased a new position in Secureworks during the 4th quarter worth $371,000. Institutional investors own 8.84% of the company’s stock.

Secureworks Company Profile

SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.

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