Secureworks Corp Intrinsic Value Calculator – Secureworks Corp Reports FY2024 Q2 Earnings Results for Period Ending July 31 2023
September 8, 2023
🌥️Earnings Overview
SECUREWORKS ($NASDAQ:SCWX): SecureWorks Corp announced their second quarter fiscal year 2024 earnings on September 7, 2023, for the period ending July 31, 2023. Revenue for the quarter amounted to USD 93.0 million, which was a decrease of 20.0% from the same quarter of the previous year. Net income was reported at -USD 32.4 million, compared to -USD 24.7 million the year prior.
Market Price
Secureworks Corp reported its FY2024 Q2 earnings results for the period ending July 31 2023 on Thursday. The stock opened at $6.5 and closed at $6.3, a decrease of 7.2% from the previous closing price of $6.8. This is a significant drop in price for the company, which usually signals a lack of investor confidence in the company’s performance. Analysts are uncertain as to what could have caused this sudden decrease in stock value, as SECUREWORKS CORP had already reported strong growth and performance in the previous quarter.
The company reported a 25% increase in revenue year over year, and had been expected to continue its growth trajectory until the surprise drop on Thursday. Investors are now waiting to hear further details from SECUREWORKS CORP on why their stock value decreased so suddenly, and what steps the company plans to take to address the issue and regain investor confidence. It remains to be seen how the company responds to this unexpected turn of events and if they can turn it around in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Secureworks Corp. More…
| Total Revenues | Net Income | Net Margin |
| 413.64 | -131.51 | -29.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Secureworks Corp. More…
| Operations | Investing | Financing |
| -91.15 | -4.93 | -6.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Secureworks Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 737.7 | 233.23 | 6.16 |
Key Ratios Snapshot
Some of the financial key ratios for Secureworks Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.8% | – | -36.9% |
| FCF Margin | ROE | ROA |
| -23.2% | -18.0% | -12.9% |
Analysis – Secureworks Corp Intrinsic Value Calculator
At GoodWhale, we have taken a deep dive into SECUREWORKS CORP‘s wellbeing and are proud to provide an analysis of their performance. Our proprietary Valuation Line has calculated the fair value of their stock to be around $10.2. However, currently the stock is trading at $6.3, undervalued by 37.9%. This provides an attractive investment opportunity that investors should consider. We believe that SECUREWORKS CORP has strong potential, and our analysis supports this conclusion. More…
Peers
There is fierce competition between SecureWorks Corp and its competitors DBAPPSecurity Co Ltd, Mandiant Inc, Cyber Security Cloud Inc. All four companies are vying for a share of the market in providing security solutions to businesses. All four companies offer similar products and services, but each has its own unique selling points. The company has a comprehensive portfolio of products and services that helps businesses protect their data and infrastructure from threats. DBAPPSecurity Co Ltd is a well-established player in the security industry, with a wide range of products and services that cater to the needs of businesses. The company has a strong focus on research and development, and has a team of experts who are constantly innovating new security solutions. Mandiant Inc is a leading provider of security solutions, with a strong focus on incident response and forensics. The company has a team of highly skilled and experienced security professionals who are experts in investigating and responding to cyber incidents. Cyber Security Cloud Inc is a relative newcomer to the security industry, but has quickly made a name for itself with its innovative cloud-based security solutions. The company offers a comprehensive suite of security products and services that helps businesses protect their data and infrastructure from threats.
– DBAPPSecurity Co Ltd ($SHSE:688023)
Dabao Security Co Ltd is a leading provider of security and surveillance products and services in China. The company has a market cap of 13.01B as of 2022 and a Return on Equity of -5.12%. Dabao Security Co Ltd offers a wide range of security and surveillance products and services, including CCTV cameras, access control systems, alarm systems, and more. The company has a strong presence in the Chinese market and is dedicated to providing its customers with the highest quality products and services.
– Mandiant Inc ($TSE:4493)
Cyber Security Cloud Inc is a leading provider of cyber security solutions. The company has a market cap of 18.22B as of 2022 and a return on equity of 15.4%. The company provides a wide range of cyber security solutions including data protection, identity and access management, and threat detection and response. Cyber Security Cloud Inc is a trusted partner for businesses and organizations of all sizes.
Summary
SECUREWORKS CORP reported their FY2024 Q2 earnings results for the period ending July 31 2023, showing a 20.0% decrease in total revenue from the previous year. Net income decreased to USD -32.4 million compared to -24.7 million in the previous year, resulting in a decrease in stock price on the same day. The earnings report is a cause for concern for potential investors, as SECUREWORKS CORP has failed to show positive growth. Investors should carefully consider this data and reviews of SECUREWORKS CORP’s competitors before making any decisions to invest.
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