SecureWorks (SCWX, $17.58) Generates $133 Million Revenue, Beating Estimates

SecureWorks Corp. raked in $133.1 million in revenues in its fiscal third quarter, beating analysts’ estimate of around $130.6 million. For the current quarter ending January, the information security services company expects to generate revenue in the range of $132 million to $133 million. As for full-year results, it expects revenue  to come in around $520 million to $521 million.

However, SecureWorks reported a loss of -$3.7 million in its fiscal third quarter - that’s a loss of -5 cents on a per share basis.  For the full year, SecureWorks projects a loss range of  -1 cent per share to  -45 cents per share.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.