shares of secureworks fell about 5 on thursday after the cybersecurity software company posted a drop in sales for the fiscal first quarter and said it now expects a larger loss for the year the stock fell about 49 to 762 in premarket trading over the past 12 months the stock was down over 28 through wednesdays close the atlantabased company on thursday reported a nearly 22 drop in sales and a loss that widened from a year ago the company also said it now expects to post a wider loss for the fiscal 2024 year than it previously anticipated for the three months ended may 5 secureworks reported sales of 944 million down from 1210 million a year ago and below the 976 million that analysts surveyed by factset expected the companys firstquarter loss widened to 310 million or 36 cents a share compared with a loss of 216 million or 26 cents a share a year ago adjusted loss in the first quarter came to 20 cents a share compared with an adjusted loss of 15 cents a share that analysts expected for the fiscal 2024 year secureworks backed its guidance for sales of 380 million to 400 million but it now expects an adjusted loss of 34 cents a share to 43 cents a share in march the company targeted an annual adjusted loss of 26 cents a share to 35 cents a share write to will feuer at willfeuerwsjcom