Secureworks (NASDAQ:SCWX) updated its FY 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $-0.11–0.08 for the period. The company issued revenue guidance of $540-545 million.Secureworks also updated its FY20 guidance to ($0.11)-($0.08) EPS.
A number of analysts have issued reports on the company. BidaskClub raised Secureworks from a strong sell rating to a sell rating in a research report on Saturday, August 31st. TheStreet lowered Secureworks from a c- rating to a d+ rating in a research report on Wednesday, August 7th. Barclays reissued a sell rating and issued a $13.00 target price on shares of Secureworks in a research report on Thursday, June 6th. Zacks Investment Research raised Secureworks from a sell rating to a hold rating in a research report on Wednesday, May 29th. Finally, ValuEngine raised Secureworks from a hold rating to a buy rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $16.58.
NASDAQ:SCWX opened at $14.81 on Friday. The company has a fifty day simple moving average of $11.80 and a two-hundred day simple moving average of $15.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.08 and a current ratio of 1.09. Secureworks has a 52 week low of $10.37 and a 52 week high of $24.91.
Secureworks (NASDAQ:SCWX) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The business 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 6.38% and a negative return on equity of 1.59%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Equities analysts expect that Secureworks will post -0.34 EPS for the current year.
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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