SecureWorks (SCWX) Releases Earnings Results, Beats Expectations By $0.06 EPS

SecureWorks (SCWX) reported quarterly earnings results on Wednesday, Jun-1-2016. The company said it had a profit of $-0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.15. The company posted revenue of $99.79 million in the period, compared to analysts expectations of $94.81 million. The company’s revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on SecureWorks. SecureWorks was Initiated by Goldman to “Buy” on May 17, 2016. JP Morgan Initiated SecureWorks on May 17, 2016 to “Overweight”, Price Target of the shares are set at $18.RBC Capital Mkts Initiated SecureWorks on May 17, 2016 to “Outperform”, Price Target of the shares are set at $16.

SecureWorks

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