Wall Street analysts forecast that Secureworks Corp (NASDAQ:SCWX) will post earnings per share of ($0.01) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Secureworks’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.00. Secureworks reported earnings of $0.02 per share during the same quarter last year, which indicates a negative year over year growth rate of 150%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, March 27th.
On average, analysts expect that Secureworks will report full-year earnings of ($0.03) per share for the current financial year, with EPS estimates ranging from ($0.04) to ($0.02). For the next fiscal year, analysts anticipate that the company will report earnings of $0.01 per share, with EPS estimates ranging from ($0.14) to $0.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Secureworks.
A number of research firms recently issued reports on SCWX. BidaskClub raised Secureworks from a “strong sell” rating to a “sell” rating in a report on Tuesday. ValuEngine raised Secureworks from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Goldman Sachs Group raised Secureworks from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $13.00 to $10.00 in a report on Friday, March 20th. TheStreet raised Secureworks from a “d+” rating to a “c-” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Secureworks in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.40.
Shares of SCWX traded up $0.83 during trading hours on Monday, reaching $11.92. 217,170 shares of the company’s stock traded hands, compared to its average volume of 146,265. The firm has a market capitalization of $969.07 million, a price-to-earnings ratio of -24.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.09 and a quick ratio of 1.09. Secureworks has a twelve month low of $5.29 and a twelve month high of $20.01. The business’s fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $13.66.
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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