SecureWorks Expects Q3 Revenue Of $88M-$90M Vs. $96.69M Consensus, Company Sees Q3 non-GAAP Net Loss Per Share Of $(0.05)-$(0.07) Vs. $(0.06) Consensus
Portfolio Pulse from Benzinga Newsdesk
SecureWorks has projected its Q3 revenue to be between $88M-$90M, which is lower than the consensus estimate of $96.69M. The company also anticipates a Q3 non-GAAP net loss per share of $(0.05)-$(0.07), compared to the consensus estimate of $(0.06).
September 07, 2023 | 11:08 am
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NEGATIVE IMPACT
SecureWorks' lower than expected Q3 revenue and anticipated non-GAAP net loss per share may negatively impact its stock price.
SecureWorks' projected Q3 revenue is lower than the consensus estimate, which could disappoint investors and lead to a decrease in the stock price. Additionally, the company's anticipated non-GAAP net loss per share could further negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100