Secureworks (SCWX) Set to Announce Quarterly Earnings on Wednesday
Secureworks (NASDAQ:SCWX) will be releasing its earnings data before the market opens on Wednesday, March 27th. Analysts expect Secureworks to post earnings of ($0.04) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Shares of NASDAQ:SCWX opened at $19.74 on Wednesday. Secureworks has a fifty-two week low of $7.83 and a fifty-two week high of $24.91. The firm has a market cap of $1.57 billion, a P/E ratio of -43.87 and a beta of 1.10.
A number of brokerages recently weighed in on SCWX. BidaskClub lowered shares of Secureworks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 11th. First Analysis lowered shares of Secureworks from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $17.00 in a research report on Thursday, December 6th. Bank of America restated an “underperform” rating and set a $12.50 target price (up previously from $10.50) on shares of Secureworks in a research report on Tuesday, February 5th. Zacks Investment Research lowered shares of Secureworks from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Finally, Royal Bank of Canada lowered shares of Secureworks from an “outperform” rating to a “sector perform” rating and set a $18.00 target price for the company. in a research report on Friday, December 7th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.44.
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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.
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