Secureworks (NASDAQ:SCWX) announced its quarterly earnings data on Thursday. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11, Briefing.com reports. The business had revenue of $133.06 million for the quarter, compared to analysts’ expectations of $130.52 million. Secureworks had a negative return on equity of 4.67% and a negative net margin of 5.13%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share.

NASDAQ:SCWX traded down $0.48 during trading hours on Thursday, hitting $17.10. The company’s stock had a trading volume of 566,600 shares, compared to its average volume of 121,335. The firm has a market capitalization of $1.44 billion, a PE ratio of -38.00 and a beta of 0.35. Secureworks has a 52-week low of $7.83 and a 52-week high of $18.97.

Several equities analysts recently commented on SCWX shares. BidaskClub raised Secureworks from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research lowered Secureworks from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Stifel Nicolaus increased their target price on Secureworks from $10.50 to $11.50 and gave the company a “hold” rating in a report on Thursday, September 6th. UBS Group lowered Secureworks from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a report on Friday, August 24th. Finally, First Analysis lowered Secureworks from an “outperform” rating to a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.00.

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers purchased a new position in shares of Secureworks during the second quarter worth about $142,000. Citadel Advisors LLC purchased a new position in shares of Secureworks during the third quarter worth about $178,000. Engineers Gate Manager LP purchased a new position in shares of Secureworks during the second quarter worth about $186,000. AXA purchased a new position in shares of Secureworks during the third quarter worth about $193,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Secureworks during the third quarter worth about $331,000. 9.56% of the stock is currently owned by institutional investors.

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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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