SecureWorks (NASDAQ:SCWX) Third Quarter 2023 Results
Key Financial Results
Revenue: US$110.9m (down 17% from 3Q 2022).
Net loss: US$28.1m (loss widened by 119% from 3Q 2022).
US$0.33 loss per share (further deteriorated from US$0.15 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SecureWorks EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
The company's shares are down 9.4% from a week ago.
Be aware that SecureWorks is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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