SecureWorks Expects FY24 Revenue Of $360M-$368M Vs. 384.49M Consensus (Prior View: $380M-$400M), Sees Non-Gaap Net Loss Per Share Of $(0.36)-$(0.41) Vs. $(0.39) Consensus (Prior View: $(0.34) -$(0.43))
Portfolio Pulse from Benzinga Newsdesk
SecureWorks has revised its FY24 revenue forecast to $360M-$368M, down from the previous estimate of $380M-$400M and below the consensus of $384.49M. The company also expects a non-GAAP net loss per share of $(0.36)-$(0.41), compared to the consensus of $(0.39) and previous estimate of $(0.34)-$(0.43).
September 07, 2023 | 11:12 am
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NEGATIVE IMPACT
SecureWorks has lowered its FY24 revenue and earnings forecasts, which are now below consensus estimates. This could negatively impact the company's stock price in the short term.
SecureWorks has revised its FY24 revenue and earnings forecasts downwards, which are now below the market consensus. This indicates potential financial challenges, which could lead to a decrease in investor confidence and a negative impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100