SecureWorks Corp. (SCWX) Tops Q4 EPS by 4c

SecureWorks Corp. (NASDAQ: SCWX) reported Q4 EPS of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $119.2 million versus the consensus estimate of $116.72 million.

First Quarter and Full Fiscal Year 2018 Guidance

Based on current market conditions, the Company expects the following results for the first quarter and full fiscal year ending on February 2, 2018:

For the first quarter, the Company expects:

• Revenue, both GAAP and non-GAAP, to be in the range of $110 to $111 million.
• Net loss per share to be in the range of $0.14 to $0.15 and non-GAAP net loss per share to be in the range of $0.05 to $0.06.
• Approximately 80.075 million weighted average shares outstanding during the first quarter of fiscal 2018.

For fiscal year 2018, the Company expects:

• Revenue to be between $457 to $463 million. Non-GAAP revenue to be in the range of $458 to $464 million.
• Net loss per share to be in the range of $0.52 to $0.56 and non-GAAP net loss per share to be in the range of $0.18 to $0.22.
• Net loss to be in the range of $42 to $45 million and adjusted EBITDA loss to be in the range of $12 to $17 million.
• Approximately 80.349 million weighted average shares outstanding during fiscal year 2018.
• Capital expenditures to be approximately $18 to $20 million.
• Monthly recurring revenue to be in the range of $34.4 to $36.4 million at the end of the fourth quarter of fiscal 2018.

For earnings history and earnings-related data on SecureWorks Corp. (SCWX) click here.

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