Secureworks (NASDAQ:SCWX) Issues FY20 Earnings Guidance

Secureworks (NASDAQ:SCWX) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.11)-($0.08) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.12). The company issued revenue guidance of $540-545 million, compared to the consensus revenue estimate of $539.68 million.Secureworks also updated its FY 2020 guidance to $-0.11–0.08 EPS.

SCWX traded up $0.58 during trading on Friday, hitting $14.62. The stock had a trading volume of 36,389 shares, compared to its average volume of 87,311. The company has a market capitalization of $994.82 million, a PE ratio of -91.38 and a beta of 1.12. Secureworks has a twelve month low of $10.37 and a twelve month high of $24.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.08 and a current ratio of 1.09. The stock has a 50 day simple moving average of $11.78 and a two-hundred day simple moving average of $15.73.

Secureworks (NASDAQ:SCWX) last announced its earnings results on Thursday, September 5th. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The company had revenue of $136.60 million during the quarter, compared to the consensus estimate of $133.02 million. Secureworks had a negative net margin of 6.39% and a negative return on equity of 1.51%. Secureworks’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. On average, equities research analysts anticipate that Secureworks will post -0.34 EPS for the current year.

Several equities research analysts have weighed in on SCWX shares. Barclays restated a sell rating and issued a $13.00 target price on shares of Secureworks in a research note on Thursday, June 6th. TheStreet downgraded shares of Secureworks from a c- rating to a d+ rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Secureworks from a sell rating to a hold rating in a research note on Wednesday, May 29th. Morgan Stanley set a $14.00 target price on shares of Secureworks and gave the company a hold rating in a research note on Thursday, June 6th. Finally, ValuEngine upgraded shares of Secureworks from a hold rating to a buy rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $15.86.

About Secureworks

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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