Secureworks (NASDAQ:SCWX) Releases FY 2020 Earnings Guidance

Secureworks (NASDAQ:SCWX) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-0.13–0.1 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.1. The company issued revenue guidance of $535-545 million, compared to the consensus revenue estimate of $568.58 million.Secureworks also updated its FY20 guidance to ($0.13)-($0.10) EPS.

Several equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Secureworks from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. Zacks Investment Research upgraded shares of Secureworks from a sell rating to a hold rating in a research note on Friday, May 10th. ValuEngine downgraded shares of Secureworks from a buy rating to a hold rating in a research note on Thursday, June 6th. Finally, TheStreet raised shares of Secureworks from a d+ rating to a c- rating in a report on Monday, April 22nd. Four research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $15.25.

Shares of NASDAQ SCWX traded down $0.06 during trading on Friday, hitting $13.29. The company had a trading volume of 182,800 shares, compared to its average volume of 273,641. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -83.06 and a beta of 1.40. Secureworks has a fifty-two week low of $10.58 and a fifty-two week high of $24.91. The firm’s fifty day simple moving average is $15.23. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.04.

Secureworks (NASDAQ:SCWX) last released its quarterly earnings results on Wednesday, June 5th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. Secureworks had a negative net margin of 6.39% and a negative return on equity of 1.51%. The business had revenue of $132.80 million for the quarter, compared to the consensus estimate of $132.10 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that Secureworks will post -0.34 EPS for the current year.

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.

Further Reading: Why do analysts give a neutral rating?

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