SecureWorks Corp. (SCWX) Misses Q1 EPS by 2c, Beats on Revenues; Offers Positive FY18 EPS Guidance

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Go back to SecureWorks Corp. (SCWX) Misses Q1 EPS by 2c, Beats on Revenues; Offers Positive FY18 EPS Guidance

SecureWorks (SCWX) PT Lowered to $11 at UBS Following 1Q

June 7, 2017 9:05 AM EDT

UBS lowered its price target on SecureWorks (NASDAQ: SCWX) to $11.00 (from $12.00) while maintaining a Neutral rating following the company's 1Q. SCWX's revenue (~3%) and deferred revenue (~4%) upside was overshadowed by the negative surprise on near-term and med-term profitability objectives.

F2Q revenue guidance of... More