Wall Street analysts expect Secureworks Corp (NASDAQ:SCWX) to announce $132.09 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Secureworks’ earnings, with the highest sales estimate coming in at $132.30 million and the lowest estimate coming in at $132.00 million. Secureworks posted sales of $126.16 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The company is scheduled to issue its next earnings results on Wednesday, June 5th.

On average, analysts expect that Secureworks will report full year sales of $568.77 million for the current fiscal year, with estimates ranging from $567.03 million to $569.95 million. For the next financial year, analysts anticipate that the business will report sales of $617.69 million, with estimates ranging from $605.00 million to $623.49 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Secureworks.

Secureworks (NASDAQ:SCWX) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $130.70 million during the quarter, compared to analyst estimates of $132.62 million. Secureworks had a negative net margin of 7.54% and a negative return on equity of 1.85%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Secureworks from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. TheStreet raised shares of Secureworks from a “d+” rating to a “c-” rating in a research report on Monday, April 22nd. BidaskClub lowered shares of Secureworks from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Bank of America reaffirmed an “underperform” rating and set a $12.50 price target (up previously from $10.50) on shares of Secureworks in a research report on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.44.

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its position in Secureworks by 1.6% during the fourth quarter. Millennium Management LLC now owns 61,730 shares of the technology company’s stock worth $1,043,000 after purchasing an additional 952 shares during the last quarter. Northern Trust Corp grew its stake in Secureworks by 1.3% during the fourth quarter. Northern Trust Corp now owns 109,390 shares of the technology company’s stock worth $1,848,000 after buying an additional 1,394 shares during the period. BNP Paribas Arbitrage SA grew its stake in Secureworks by 363.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,947 shares of the technology company’s stock worth $36,000 after buying an additional 1,527 shares during the period. Acadian Asset Management LLC grew its stake in Secureworks by 59.7% during the fourth quarter. Acadian Asset Management LLC now owns 5,771 shares of the technology company’s stock worth $97,000 after buying an additional 2,157 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Secureworks during the first quarter worth approximately $65,000. 10.87% of the stock is owned by hedge funds and other institutional investors.

SCWX stock traded down $0.59 on Friday, hitting $17.86. 113,200 shares of the company were exchanged, compared to its average volume of 270,589. Secureworks has a twelve month low of $10.21 and a twelve month high of $24.91. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -111.63 and a beta of 1.05.

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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