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.

A number of equities analysts have recently commented on SCWX shares. Bank of America restated an “underperform” rating and set a $12.50 price objective (up from $10.50) on shares of Secureworks in a research note on Tuesday, February 5th. BidaskClub upgraded shares of Secureworks from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Morgan Stanley downgraded shares of Secureworks from an “overweight” rating to an “equal weight” rating and set a $17.00 target price for the company. in a research note on Monday, December 10th. First Analysis downgraded shares of Secureworks from an “outperform” rating to a “neutral” rating and raised their target price for the company from $14.00 to $17.00 in a research note on Thursday, December 6th. Finally, Royal Bank of Canada downgraded 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 note on Friday, December 7th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.44.

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About Secureworks

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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Earnings History for Secureworks (NASDAQ:SCWX)

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