SecureWorks (SCWX) Stock Price, News & Analysis

Company Overview

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services. Its solutions enable organizations to prevent security breaches, detect malicious activity, respond rapidly to security breaches, and identify emerging threats. The company sells its solutions primarily through its referral agents, regional value-added resellers, trade associations, and managed security service providers. It serves customers in a range of industries, including financial services, manufacturing, technology, retail, insurance, utility, and healthcare sectors. The company was formerly known as SecureWorks Holding Corporation and changed its name to SecureWorks Corp. in November 2015. SecureWorks Corp. was founded in 1999 and is headquartered in Atlanta, Georgia. SecureWorks Corp. is a subsidiary of Dell Marketing L.P.

Key Stats

• Today's Range: $8.37 to $8.38
• 50-Day Range: $7.07 to $8.85
• 52-Week Range: $5.61 to $9.76
• Volume: 51,623 shs
• Average Volume: 84,724 shs
• Market Capitalization: $743.51 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.00
• Consensus Rating: Reduce

SecureWorks Stock Analysis - MarketRank™

SecureWorks scored higher than 16% of companies evaluated by MarketBeat, and ranked 598th out of 651 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

SecureWorks has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

SecureWorks has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for SecureWorks are expected to grow in the coming year, from ($0.29) to ($0.21) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SecureWorks is -9.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SecureWorks is -9.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

SecureWorks has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.75% of the float of SecureWorks has been sold short.

Short Interest Ratio / Days to Cover

SecureWorks has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SecureWorks has recently decreased by 33.39%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SecureWorks does not currently pay a dividend.

Dividend Growth

SecureWorks does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.75% of the float of SecureWorks has been sold short.

Short Interest Ratio / Days to Cover

SecureWorks has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SecureWorks has recently decreased by 33.39%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.18

News Sentiment

SecureWorks has a news sentiment score of -0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for SecureWorks this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SecureWorks insiders have not sold or bought any company stock.

Percentage Held by Insiders

81.50% of the stock of SecureWorks is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 14.38% of the stock of SecureWorks is held by institutions.

SCWX Stock Analysis - Frequently Asked Questions

How have SCWX shares performed this year?

SecureWorks' stock was trading at $7.38 on January 1st, 2024. Since then, SCWX shares have increased by 13.4% and is now trading at $8.37.
View the best growth stocks for 2024 here.

How were SecureWorks' earnings last quarter?

SecureWorks Corp. (NASDAQ:SCWX) posted its quarterly earnings data on Thursday, September, 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.05. The technology company had revenue of $82.18 million for the quarter, compared to analysts' expectations of $80.98 million. SecureWorks had a negative trailing twelve-month return on equity of 4.94% and a negative net margin of 21.23%.

When did SecureWorks IPO?

SecureWorks (SCWX) raised $148 million in an IPO on Friday, April 22nd 2016. The company issued 9,000,000 shares at a price of $15.50-$17.50 per share. BofA Merrill Lynch, Morgan Stanley, Goldman Sachs and J.P. Morgan acted as the underwriters for the IPO and Barclays, Citigroup, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Pacific Crest Securities (a division of KeyBanc Capital Markets), Stifel, SunTrust Robinson Humphrey, William Blair, Academy Securities, Ramirez, Siebert Brandford Shank, The Williams Capital Group Academy Securities Ramirez, Sert Brandford Shank and The Williams Capital Group were co-managers.

Who are SecureWorks' major shareholders?

SecureWorks' top institutional shareholders include Royce & Associates LP (1.49%), Scalar Gauge Management LLC (0.41%), Kovack Advisors Inc. (0.37%) and Brooktree Capital Management (0.20%). Insiders that own company stock include Neil Gagnon, Paul Parrish, George B Hanna, Wendy Thomas and Christian Grant.
View institutional ownership trends.

How do I buy shares of SecureWorks?

Shares of SCWX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SecureWorks own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SecureWorks investors own include Adobe (ADBE), Intel (INTC), Cisco Systems (CSCO), Salesforce (CRM), Netflix (NFLX), NVIDIA (NVDA) and PayPal (PYPL).

Company Calendar

• Last Earnings: 9/05/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:SCWX
• CUSIP: N/A
• CIK: 1468666
• Web: www.secureworks.com
• Phone: (404) 327-6339
• Fax: N/A
• Employees: 1,516
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: -16.4%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.85)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-86,040,000.00
• Net Margins: -21.23%
• Pretax Margin: -16.89%
• Return on Equity: -4.94%
• Return on Assets: -3.43%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.63
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $365.88 million
• Price / Sales: 2.03
• Cash Flow: $0.07 per share
• Price / Cash Flow: 121.04
• Book Value: $5.80 per share
• Price / Book: 1.44

Miscellaneous

• Outstanding Shares: 88,830,000
• Free Float: 16,433,000
• Market Cap: $743.51 million
• Optionable: Optionable
• Beta: 1.00