SecureWorks (SCWX) PT Raised to $11 at Citi

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Go back to SecureWorks (SCWX) PT Raised to $11 at Citi

SecureWorks Corp. (SCWX) Tops Q2 EPS by 1c, Beats on Revenues; Boosts FY18 Revenue Outlook, FY18 EPS/Revenue Mid-Point Outlook Below Consensus

September 6, 2017 7:06 AM EDT

SecureWorks Corp. (NASDAQ: SCWX) reported Q2 EPS of ($0.07), $0.01 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $116 million versus the consensus estimate of $113.74 million.

Revenue increased 12 percent year-over-year to $116 million.Gross margin increased 250 basis points over last year; non-GAAP gross margin increased 210 basis points over last year.Net cash provided by operating activities was $11.2 million for the three months ended August 4, 2017.Increased Fiscal Year 2018 Revenue guidance to be in the range of $462 to $465 million;... More