SecureWorks Corp.

SecureWorks Corp. is a cyber security company engaged in the provision of information security solutions. The firm's products include extended detection and response, managed detection and response, and vulnerability management. Its services include managed security, incident response, threat intelligence, security consulting, and adversarial security testing. The company was founded on 1999 and is headquartered in Atlanta, GA.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

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SCWX reports strong Q1 performance, eyes growth through Taegis

SCWX's Q1 performance showcased strong revenue growth and financial stability. The company's Taegis product continues to gain market recognition and win new partnerships. While managing down remaining ARR from other MSS presents a challenge, the company is well-positioned to capitalize on opportunities presented by advanced AI models and customer-focused strategies.

SecureWorks reports strong Q2 performance, faces challenges in revenue guidance

SecureWorks demonstrated strong growth in Taegis ARR and revenue, but faces challenges related to longer sales cycles and the sunset of certain business lines. The company is leveraging its strengths in market positioning and partner ecosystem expansion while pursuing opportunities in XDR adoption and cost structure alignment.

SecureWorks reports strong Q3 performance, poised for growth ahead

SecureWorks demonstrated strong financial performance, marked by significant revenue growth, improved adjusted EBITDA, and expanded market share. While challenges persist in terms of EBITDA loss and cash usage, the company's strategic priorities and partnerships position them for future success. With a clear path to breakeven and opportunities for further growth, SecureWorks remains well-positioned in the cybersecurity market.

SecureWorks reports robust growth in Taegis solutions, eyes profitability

SecureWorks is making strides in transitioning to higher-margin SaaS subscriptions while driving strong growth in Taegis solutions.
Despite near-term challenges such as workforce reduction and EBITDA losses, the company is focused on long-term profitability.
Opportunities lie in expanding customer base, achieving breakeven EBITDA, and capitalizing on the growth potential of Taegis ARR.

SecureWorks' Taegis platform drives growth amidst profitability challenges

Secureworks' Taegis platform excelled in Q1 2024, driving revenue growth and customer adoption with a focus on simplicity, integration, and AI-driven outcomes.
While facing profitability challenges and short-term financial pressures, Secureworks aims for growth inflection in the second half of the fiscal year.
Strategic alignment with a Taegis-centric model, cost structure optimization, and margin expansion efforts position Secureworks for long-term success.

SecureWorks reports robust Q2 revenue growth and strategic cost alignment

SecureWorks Corp. demonstrated strong revenue growth and cost alignment in Q2 2024, driven by the success of the Taegis platform.
While facing challenges of longer sales cycles and restructuring costs, the company remains focused on profitability and market expansion.
Opportunities lie in driving Taegis adoption, leveraging partner ecosystems, and following revised guidance for sustained growth and financial health.

SecureWorks excels in Q3 2024, poised for profitability next quarter

SecureWorks reported robust financial performance, highlighted by revenue growth, narrowing EBITDA loss, and market leadership in XDR technology. While facing challenges from sales cycle elongation and budget constraints, the company remains focused on driving sustainable growth through customer-centric solutions and a strong partner network.

SecureWorks reports strong Q4 performance and outlines growth opportunities

SecureWorks Corp. delivered a strong performance in Q4 2024, showcasing growth in revenue, ARR, and positive EBITDA, positioning the company well for future success.
Industry recognition, customer-centric approach, and strategic partnerships are key strengths driving demand for the AI-powered Taegis platform and enhancing market competitiveness.
Challenges in pricing strategy, renewal cohort management, and balancing growth with profitability require a transparent and strategic approach to sustain financial health.
Opportunities lie in the positive Fiscal '25 outlook, the evolving threat landscape emphasizing the need for cybersecurity solutions, and the potential for market expansion through successful partnerships.

SecureWorks excels in Q1, transitions to SaaS model successfully

SecureWorks delivered strong financial results, exceeding revenue guidance and showcasing improved margins.
The company's transition to a product-led SaaS model and focus on AI-driven security solutions position it for future growth.
Challenges lie in sustaining momentum in a competitive market and balancing innovation with profitability targets.
Opportunities abound in expanding partnerships, launching new products, and capitalizing on the growing cybersecurity market.

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BlackBerry

Okta

Sumo Logic

Zscaler

With a boost in global security spending expected this year, these five cybersecurity stocks could be worth a closer look.

5 Cybersecurity Stocks to Lock Up Growth

Dell Technologies

ROUND ROCK, Texas and ATLANTA, April 26, 2021 /PRNewswire/ -- News summary New Dell Technologies Managed Detection and Response service powered by Secureworks® Taegis™ XDR secures businesses' IT environments with fully managed, 24/7 service monitoring, detection and response to threats With an easy-to-consume subscription model, companies with 50 or more endpoints can take advantage of Managed Detection and Response to get expert assistance for quick threat remediation and recovery Secureworks Taegis XDR security analytics software detects advanced threats, and automates the right actions Full story Dell Technologies (NYSE: DELL) and Secureworks (NASDAQ: SCWX) announce a new subscription-based service from Dell that secures and protects customers' IT environments against cybersecurity threats and provides remediation. The new Dell Technologies Managed Detection and Response powered by Secureworks® Taegis™ XDR provides 24/7 security across endpoint devices, data center networks and cloud environments, improving customers' security posture while significantly reducing the burden on IT teams.

Dell Technologies Safeguards IT Environments with New Security Service Powered by Secureworks

Progress Software

Rimini Street

Rackspace Technology, Inc.

Yext

With markets getting more volatile, there could be increased dealmaking. The post 7 Tech Stocks That Could Be Looking for M&A appeared first on InvestorPlace.

7 Tech Stocks That Could Be Looking for M&A

Global channel program empowers partner community to combat cyberthreats at scale with Secureworks Taegis™ XDR Global channel program empowers partner community to combat cyberthreats at scale with Secureworks Taegis™ XDR

Secureworks Global Partner Program Honored With 5-Star Rating in the 2021 CRN® Partner Program Guide

Secureworks Taegis™ ManagedXDR received highest scores possible in time-to-value, managed response, collaboration, product vision and roadmap criteria Secureworks Taegis™ ManagedXDR received highest scores possible in time-to-value, managed response, collaboration, product vision and roadmap criteria

Secureworks Recognized as a Leader and “…Fresh Alternative” among Top Managed Detection and Response Providers

SecureWorks Corp. (SCWX) CEO Mike Cote on Q4 2021 Results - Earnings Call Transcript

Shares of SecureWorks (NASDAQ:SCWX) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 100.00% over the past year to ($0.00), which missed the estimate of $0.01.

Recap: SecureWorks Q4 Earnings

SecureWorks' (SCWX) fourth-quarter fiscal 2021 results are likely to reflect benefits of solid demand for its security solutions and an expanding customer base.

SecureWorks (SCWX) Gears Up for Q4 Earnings: What to Expect?

ATLANTA, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its fourth quarter full year fiscal 2021 financial results Thursday, March 11, 2021, before the open of regular U.S. stock market trading hours.

Secureworks to Report Fourth Quarter and Full Year Fiscal 2021 Financial Results on March 11, 2021

Secureworks marshals software, brand and channel to protect enterprises and fight adversaries at scale Secureworks marshals software, brand and channel to protect enterprises and fight adversaries at scale

Secureworks Unveils Secureworks Taegis™, XDR Advancements, and MSSP Partner Initiative to Strengthen Cybersecurity Community

ATLANTA, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Secureworks® (NASDAQ:SCWX), a leader in software-driven security solutions, today announced that CRN ® , a brand of The Channel Company , has named Maureen Perrelli, Secureworks senior vice president and chief channel officer, to its 2021 list of Channel Chiefs. The prestigious CRN® Channel Chiefs list, released annually, recognizes leading IT channel vendor executives who continually demonstrate outstanding leadership, influence, innovation, and growth.

Maureen Perrelli of Secureworks Recognized as 2021 CRN® Channel Chief

Company to announce initiatives to empower the cybersecurity community to fight adversaries at scale Company to announce initiatives to empower the cybersecurity community to fight adversaries at scale

Secureworks Connect to Unite 1,200 Security Professionals as Threat Actors Exploit Silos and Gaps in Industry Solutions and Software Supply Chain

SecureWorks recently held its virtual investor day event, offering more color on the planned transition toward a software-oriented model. The numbers are compelling, from the $37 billion addressable market to the targeted EBITDA margins in the low-mid 30s %.

SecureWorks: A Promising But Challenging Software Transition

Industry-leading cybersecurity solutions now available in AWS Marketplace Industry-leading cybersecurity solutions now available in AWS Marketplace

Secureworks Announces Additional Security Solutions Availability in AWS Marketplace

SecureWorks Corp. (SCWX) CEO Mike Cote on Q3 2021 Results - Earnings Call Transcript

SecureWorks (SCWX) delivered earnings and revenue surprises of 60.00% and 3.00%, respectively, for the quarter ended October 2020. Do the numbers hold clues to what lies ahead for the stock?

SecureWorks (SCWX) Surpasses Q3 Earnings and Revenue Estimates

Shares of SecureWorks (NASDAQ:SCWX) moved higher by 7.1% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 700.00% over the past year to $0.08, which beat the estimate of $0.05.

SecureWorks: Q3 Earnings Insights

Secureworks Reports Third Quarter Fiscal 2021 Results

SecureWorks' (SCWX) third-quarter fiscal 2021 results are likely to reflect benefits from strong demand for its security solutions and an expanding customer base.

SecureWorks (SCWX) to Report Q3 Earnings: What's in Store?

SecureWorks (SCWX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SecureWorks (SCWX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

ATLANTA, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its third quarter fiscal 2021 financial results Thursday, Dec. 3, 2020, before the open of regular U.S. stock market trading hours.

Secureworks to Report Third Quarter Fiscal 2021 Financial Results on Dec. 3, 2020; Virtual Investor Day Conference Set for Dec. 8, 2020

SaaS solution expands Secureworks’ software portfolio with vulnerability management capabilities SaaS solution expands Secureworks’ software portfolio with vulnerability management capabilities

Secureworks Completes Acquisition of Delve Laboratories, Inc.

Report Highlights Secureworks’ Commitment to Software with Security at its Core Report Highlights Secureworks’ Commitment to Software with Security at its Core

Secureworks Named a Leader in the IDC MarketScape: Worldwide Managed Security Services (MSS) 2020 Vendor Assessment

SecureWorks (SCWX) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

SecureWorks (SCWX) Looks Good: Stock Adds 6.4% in Session

Secureworks Corp. (SCWX) CEO Michael Cote on Q2 2021 Results - Earnings Call Transcript

News for SecureWorks Corp. Stock (SCWX)