SecureWorks (NASDAQ:SCWX) posted its earnings results on Wednesday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03, Briefing.com reports. The company had revenue of $117.53 million during the quarter, compared to the consensus estimate of $115.67 million. SecureWorks had a negative net margin of 8.97% and a negative return on equity of 3.32%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share.
SecureWorks (NASDAQ SCWX) opened at $9.04 on Thursday. SecureWorks has a 1 year low of $8.25 and a 1 year high of $12.99.
A number of research analysts recently issued reports on SCWX shares. Zacks Investment Research upgraded shares of SecureWorks from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Citigroup restated a “neutral” rating and set a $11.00 target price (up from $10.00) on shares of SecureWorks in a research report on Thursday, September 7th. Royal Bank Of Canada restated an “outperform” rating and set a $15.00 target price (up from $13.00) on shares of SecureWorks in a research report on Tuesday, October 3rd. KeyCorp restated a “buy” rating and set a $15.00 target price on shares of SecureWorks in a research report on Friday, October 6th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of SecureWorks in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.67.
Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies 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.
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