According to Zacks, “SecureWorks Corp. offers intelligence-driven information security solutions focused on protecting from cyber-attacks. The Company’s solutions enable organizations to fortify their cyber defenses to prevent security breaches; detect malicious activity in real time; prioritize and respond rapidly to security breaches and predict emerging threats. Its integrated suite of solutions include managed security, threat intelligence, security and risk consulting as well as incident response. SecureWorks Corp. is based in Atlanta, Georgia. “
SCWX has been the subject of a number of other reports. BidaskClub upgraded Secureworks from a buy rating to a strong-buy rating in a research note on Monday, February 4th. Bank of America restated an underperform rating and issued a $12.50 target price (up from $10.50) on shares of Secureworks in a research note on Tuesday, February 5th. Finally, TheStreet upgraded Secureworks from a d+ rating to a c- rating in a research note on Monday, April 22nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Secureworks has an average rating of Hold and a consensus price target of $15.44.
Secureworks (NASDAQ:SCWX) last posted its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. Secureworks had a negative return on equity of 1.85% and a negative net margin of 7.54%. The business had revenue of $130.70 million during the quarter, compared to the consensus estimate of $132.62 million. During the same period last year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts predict that Secureworks will post -0.29 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its position in shares of Secureworks by 155.5% during the first quarter. Morgan Stanley now owns 105,283 shares of the technology company’s stock worth $1,937,000 after buying an additional 64,080 shares during the period. Cresset Asset Management LLC acquired a new position in shares of Secureworks during the first quarter worth approximately $203,000. Geode Capital Management LLC boosted its position in shares of Secureworks by 15.9% during the first quarter. Geode Capital Management LLC now owns 135,060 shares of the technology company’s stock worth $2,485,000 after buying an additional 18,554 shares during the period. AQR Capital Management LLC acquired a new position in shares of Secureworks during the first quarter worth approximately $735,000. Finally, Meitav Dash Investments Ltd. boosted its position in shares of Secureworks by 31.4% during the first quarter. Meitav Dash Investments Ltd. now owns 20,082 shares of the technology company’s stock worth $354,000 after buying an additional 4,804 shares during the period. Institutional investors own 10.82% of the company’s stock.
Secureworks Company Profile
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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