Secureworks (SCWX) Releases Earnings Results, Beats Estimates By $0.06 EPS
Secureworks (NASDAQ:SCWX) posted its quarterly earnings data on Wednesday. The technology company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06, MarketWatch Earnings reports. Secureworks had a negative net margin of 3.43% and a negative return on equity of 3.30%. The company had revenue of $130.70 million during the quarter, compared to the consensus estimate of $132.62 million. During the same period in the prior year, the business posted ($0.09) EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis.
Shares of NASDAQ:SCWX opened at $18.04 on Thursday. Secureworks has a 52-week low of $7.83 and a 52-week high of $24.91. The stock has a market capitalization of $1.62 billion, a P/E ratio of -40.09 and a beta of 1.10.
Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its stake in Secureworks by 59.7% in the 4th quarter. Acadian Asset Management LLC now owns 5,771 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,157 shares during the last quarter. Sun Life Financial INC raised its holdings in Secureworks by 136.2% in the 4th quarter. Sun Life Financial INC now owns 7,774 shares of the technology company’s stock valued at $131,000 after acquiring an additional 4,483 shares during the period. New York State Common Retirement Fund raised its holdings in Secureworks by 138.6% in the 4th quarter. New York State Common Retirement Fund now owns 10,500 shares of the technology company’s stock valued at $177,000 after acquiring an additional 6,100 shares during the period. Citadel Advisors LLC bought a new position in Secureworks in the 3rd quarter valued at about $178,000. Finally, AXA bought a new position in Secureworks in the 3rd quarter valued at about $193,000. Institutional investors and hedge funds own 10.77% of the company’s stock.
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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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