SecureWorks Corp. (NASDAQ:SCWX – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 78,100 shares, an increase of 36.8% from the June 30th total of 57,100 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 43,400 shares, the short-interest ratio is presently 1.8 days.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research note on Thursday, June 6th.
Get Our Latest Analysis on SCWX
Institutional Inflows and Outflows
SecureWorks Stock Down 1.0 %
Shares of SCWX traded down $0.07 during trading hours on Friday, hitting $7.22. The company had a trading volume of 12,718 shares, compared to its average volume of 30,196. The firm has a market cap of $638.25 million, a P/E ratio of -6.81 and a beta of 0.97. The stock’s 50 day moving average price is $6.64 and its 200 day moving average price is $6.57. SecureWorks has a 52-week low of $5.40 and a 52-week high of $8.20.
SecureWorks (NASDAQ:SCWX – Get Free Report) last released its quarterly earnings results on Thursday, June 6th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $85.65 million during the quarter, compared to analyst estimates of $83.95 million. SecureWorks had a negative return on equity of 6.01% and a negative net margin of 25.52%. On average, research analysts expect that SecureWorks will post -0.24 EPS for the current fiscal year.
About SecureWorks
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.
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