SecureWorks Q3 Sales $89.36M Beat $88.98M Estimate, Company Ended Q3 With $58.1M In Cash And Equivalents
Portfolio Pulse from Benzinga Newsdesk
SecureWorks reported Q3 sales of $89.36M, slightly beating the consensus estimate of $88.98M. However, this represents a 19.45% decrease from the same period last year. The company ended the quarter with $58.1M in cash and equivalents.
December 07, 2023 | 12:04 pm
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NEUTRAL IMPACT
SecureWorks beat Q3 sales estimates but experienced a significant year-over-year decline. The company's cash position remains strong.
While SecureWorks exceeded sales estimates, the substantial year-over-year decline may concern investors. The positive aspect is the company's healthy cash reserves, which could provide some stability. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100