SecureWorks (NASDAQ: SCWX) is expected to release its quarterly earnings data before market opens on Thursday, December 2. Analysts expect the company to report earnings of ($ 0.15) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

SecureWorks (NASDAQ: SCWX) last released its results on Wednesday, September 1. The tech company reported earnings per share (EPS) of $ 0.01 for the quarter, beating the consensus estimate of ($ 0.01) by $ 0.02. SecureWorks had a negative net margin of 5.64% and a negative return on equity of 1.29%. The company posted revenue of $ 134.20 million for the quarter, compared to $ 135.02 million expected by analysts. In the same quarter of last year, the company made a profit of $ 0.10 per share. The company’s revenue was down 3.1% year-on-year. On average, analysts expect SecureWorks to show $ 0 EPS for the current fiscal year and $ 0 EPS for the next fiscal year.

Shares of SecureWorks opened at $ 18.34 on Thursday. SecureWorks has a 52-week low of $ 11.09 and a 52-week high of $ 26.89. The stock has a market cap of $ 1.57 billion, a price-to-earnings ratio of -48.26 and a beta of 1.02. The company’s 50-day mobile average price is $ 20.27 and its 200-day mobile average price is $ 19.35.

A number of institutional investors have recently changed their positions in SCWX. Bank of New York Mellon Corp increased its position in SecureWorks shares by 6.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 34,884 shares of the tech company valued at $ 693,000 after purchasing an additional 1,977 shares in the last quarter. Morgan Stanley increased its position in SecureWorks shares by 209.7% in the second quarter. Morgan Stanley now owns 38,301 shares of the tech company valued at $ 709,000 after purchasing an additional 25,934 shares in the last quarter. Millennium Management LLC purchased a new position in SecureWorks shares in the third quarter valued at approximately $ 1,010,000. Invesco Ltd. purchased a new position in SecureWorks shares in the third quarter valued at approximately $ 1,289,000. Finally, the Royal Bank of Canada increased its position in SecureWorks shares by 12.2% in the third quarter. Royal Bank of Canada now owns 65,497 shares of the tech company valued at $ 1,302,000 after purchasing an additional 7,111 shares in the last quarter. 14.62% of the shares are held by institutional investors and hedge funds.

A number of analysts have recently commented on SCWX stocks. Royal Bank of Canada raised its price target on SecureWorks from $ 15.00 to $ 20.00 and assigned the stock a “sector performance” rating in a research note on Friday, September 3. Needham & Company LLC reaffirmed a “hold” note on SecureWorks shares in a research note on Tuesday, October 12. Zacks Investment Research upgraded SecureWorks from a “sell” rating to a “custody” rating in a research note on Wednesday. Finally, Barclays raised its price target on SecureWorks from $ 16.00 to $ 19.00 and gave the company an “underweight” rating in a research report published on Friday, September 3. Three research analysts rated the stock with a sell rating and four gave the company a conservation rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $ 17.67.

About SecureWorks

SecureWorks Corp. is a cybersecurity company that provides information security solutions. The company’s products include extended detection and response, managed detection and response, and vulnerability management. Its services include managed security, incident response, threat intelligence, security consulting, and conflicting security testing.

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