SecureWorks Corp rises on smaller-than-expected Q1 adjusted loss

Secureworks

02/06/2022 18:49

** Shares of cybersecurity services provider SecureWorks
Corp  SCWX.O  rise as much as 13% to 1-1/2-month high of $13.15;
last up 6.9%
    ** Co posts smaller-than-expected Q1 adjusted loss per share
    ** SCWX posts Q1 adj. loss per share of 9 cents, compared to
analysts estimates of 15 cents, per Refinitiv IBES data
 urn:newsml:reuters.com:*:nASA03E52
    ** Co says Q1 revenue fell to $121 mln, compared to
$139.5 mln a year earlier  urn:newsml:reuters.com:*:nPnK6DRTa
    ** Analysts on avg were expecting Q1 revenue of $120.9 mln 
    ** SCWX forecast Q2 revenue between $115 mln and $117 mln
    ** Co also forecast Q2 loss per share of 15 cents to 17
cents 
    ** Stock has fallen ~22% this year 

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))