Secureworks (NASDAQ:SCWX) announced its quarterly earnings data on Thursday. The technology company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.09, Briefing.com reports. Secureworks had a negative return on equity of 1.59% and a negative net margin of 6.38%. The firm had revenue of $136.60 million for the quarter, compared to the consensus estimate of $133.02 million. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year.
SCWX stock opened at $14.81 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $11.80 and its 200-day moving average price is $15.70. Secureworks has a one year low of $10.37 and a one year high of $24.91.
Several research firms have recently commented on SCWX. Barclays reiterated a “sell” rating and set a $13.00 price target on shares of Secureworks in a report on Thursday, June 6th. Zacks Investment Research upgraded Secureworks from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. ValuEngine upgraded Secureworks from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub upgraded Secureworks from a “strong sell” rating to a “sell” rating in a report on Saturday, August 31st. Finally, Morgan Stanley set a $14.00 target price on shares of Secureworks and gave the stock a “hold” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Secureworks presently has a consensus rating of “Hold” and a consensus target price of $16.58.
SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.
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