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 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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