Secureworks (NASDAQ:SCWX) posted its earnings results on Wednesday, June 5th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.08, Briefing.com reports. The firm had revenue of $132.80 million for the quarter, compared to analyst estimates of $132.10 million. Secureworks had a negative net margin of 6.39% and a negative return on equity of 1.51%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS.
Shares of NASDAQ SCWX traded down $0.06 during trading on Friday, hitting $13.29. The stock had a trading volume of 182,800 shares, compared to its average volume of 273,641. Secureworks has a 12 month low of $10.58 and a 12 month high of $24.91. 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 has a market capitalization of $1.05 billion, a P/E ratio of -83.06 and a beta of 1.40. The company’s fifty day moving average price is $15.33.
A number of research analysts have recently issued reports on SCWX shares. Zacks Investment Research upgraded shares of Secureworks from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, March 5th. BidaskClub downgraded shares of Secureworks from a “hold” rating to a “sell” rating in a research report on Wednesday, May 29th. ValuEngine downgraded shares of Secureworks from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Morgan Stanley set a $14.00 target price on shares of Secureworks and gave the company a “hold” rating in a research report on Thursday, June 6th. Finally, Barclays reiterated a “sell” rating and set a $13.00 target price on shares of Secureworks in a research report on Thursday, June 6th. Four research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.25.
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.
Recommended Story: Return On Assets
Receive News & Ratings for Secureworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secureworks and related companies with MarketBeat.com's FREE daily email newsletter.