Secureworks (SCWX) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Secureworks (NASDAQ:SCWX) released its earnings results on Wednesday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01, Bloomberg Earnings reports. The firm had revenue of $126.16 million for the quarter, compared to the consensus estimate of $122.48 million. Secureworks had a negative return on equity of 5.37% and a negative net margin of 6.00%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. Secureworks updated its Q2 guidance to ($0.06-0.05) EPS and its FY19 guidance to ($0.19-0.15) EPS.

SCWX stock opened at $10.81 on Thursday. Secureworks has a 52-week low of $7.83 and a 52-week high of $12.99.

SCWX has been the topic of several analyst reports. BidaskClub raised Secureworks from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. ValuEngine raised Secureworks from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus lowered shares of Secureworks from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $9.00 in a research note on Thursday, March 29th. Zacks Investment Research raised shares of Secureworks from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Finally, First Analysis raised shares of Secureworks from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a research note on Friday, April 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.50.

Secureworks Company Profile

SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.

Earnings History for Secureworks (NASDAQ:SCWX)

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