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Secureworks Corp  (SCWX)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $6.8300 $-0.16 -2.289%
Day's High: $6.995 Week Perf: -0.58 %
Day's Low: $ 6.64 30 Day Perf: -11.07 %
Volume (M): 18 52 Wk High: $ 10.06
Volume (M$): $ 122 52 Wk Avg: $7.11
Open: $6.92 52 Wk Low: $5.40



 Market Capitalization (Millions $) 589
 Shares Outstanding (Millions) 86
 Employees 2,555
 Revenues (TTM) (Millions $) 463
 Net Income (TTM) (Millions $) -43
 Cash Flow (TTM) (Millions $) -81
 Capital Exp. (TTM) (Millions $) 6

Secureworks Corp

We are a leading global cybersecurity company that protects organizations in the digitally connected world. We combine visibility from thousands of clients, machine learning and automation from our industry-leading SecureWorks Counter Threat PlatformTM, and actionable insights from our team of elite researchers, analysts and consultants to create a powerful network effect that provides increasingly strong protection for our clients. By aggregating and analyzing data from various sources around the world, we prevent security breaches, detect malicious activity in real time, respond rapidly and predict emerging threats.

Our mission is to unlock the value of our clients’ security investments by simplifying their complex security operations and amplifying their defenses. Through our vendor-neutral approach, we create integrated and comprehensive solutions by proactively managing the collection of “point” products deployed by our clients to address specific security issues and provide supplemental solutions where gaps exist in our clients’ defenses. We customize the right level of security for each clients unique situation, which evolves as the clients organization grows and changes.

We have pioneered an integrated approach that delivers a broad portfolio of information security solutions to organizations of varying size and complexity. Our flexible and scalable solutions support the evolving needs of the largest, most sophisticated enterprises staffed with in-house security experts, as well as small and medium-sized businesses and government agencies with limited in-house capabilities and resources.

Our solutions enable organizations to:

prevent security breaches by fortifying their cyber defenses,

detect malicious activity,

respond rapidly to security breaches, and

predict emerging threats.

The solutions leverage our proprietary technologies, processes and extensive expertise in the information security industry, which we have developed over more than 18 years. Key elements of our strategy include:

maintain and extend our technology leadership,

expand and diversify our client base,

deepen our existing client relationships, and

attract and retain top talent.

The fees we charge for our solutions vary based on a number of factors, including the solutions selected, the number of client devices covered by the selected solutions, and the level of management we provide for the solutions. Historically, approximately 80% of our revenue was derived from subscription-based solutions, provided under managed security services, while approximately 20% was derived from professional services engagements. As we respond to the evolving needs of our clients, the relative mix of subscription-based solutions and professional services we provide our clients may fluctuate.

ncreasing cybersecurity challenges have created a large and fragmented market for IT security products and services.

We believe that many organizations that use the information technology, or IT, security products and services available in the market remain vulnerable to cyber attacks because they rely on a collection of uncoordinated “point” products that address specific security issues but fall short in identifying and defending against next-generation cyber threats.

Organizations of all sizes are using new information technologies to make their businesses more productive and effective.

Modern IT infrastructures are growing in complexity and often include a combination of on-premises, cloud and hybrid environments. In addition, the adoption of mobile computing allows access to critical business information from various devices and locations. The widespread adoption of these advanced IT architectures, along with the rapid growth of connected devices and new ways of delivering IT services, enables organizations to benefit from business applications that are more powerful and easier to deploy, use and maintain.

This rapidly evolving IT environment is increasingly vulnerable to frequent and sophisticated cyber attacks.

The evolving landscape of applications, modes of communication and IT architectures makes it increasingly challenging for businesses to protect their critical business assets from cyber threats. New technologies heighten security risks by increasing the number of ways a threat actor can attack a target by giving users greater access to important business networks and information and by facilitating the transfer of control of underlying applications and infrastructure to third-party vendors.

Cyber attacks have evolved from computer viruses written by amateur hackers into highly complex and targeted attacks led by highly skilled adversaries intent on stealing information or causing financial and reputational damage.

Our Counter Threat PlatformTM constitutes the core of our intelligence-driven information security solutions and provides our clients with a powerful integrated perspective regarding their network environments and security threats. Our integrated suite of solutions includes:


Managed security, through which we provide our clients global visibility and insight into malicious activity enabling them to detect and effectively remediate threats quickly


Threat intelligence, through which we deliver early warnings of vulnerabilities and threats, along with actionable information to help prevent any adverse impact


Security and risk consulting, through which we advise our clients on a variety of security and risk-related matters, such as how to design and build strategic security programs, assess and test security capabilities and meet regulatory requirements


Incident response, through which we help our clients minimize the impact and duration of security breaches through proactive client preparation, rapid containment and thorough event analysis followed by effective remediation

As part of our security and risk consulting solutions, we emphasize cloud security, through which we help clients deliver cloud-based services securely.

Our clients may subscribe to our full suite of solutions or elect to subscribe to various combinations of our individual solutions. All of our solutions are enabled by our Counter Threat Platform and our large team of highly-skilled security experts.

The key capabilities of our solutions currently include:

Global Visibility. We have global visibility into the cyber threat landscape through our approximately 4,400 subscription-based clients across 59 countries. We are able to gain near real time insights that enable us to predict, detect and respond to threats quickly and effectively. We also are able to identify threats originating within a particular geographic area or relating to a particular industry and proactively leverage this threat intelligence to protect other clients against these threats.




   Company Address: One Concourse Parkway NE Atlanta, 30328 GA
   Company Phone Number: 327-6339   Stock Exchange / Ticker: NASDAQ SCWX
   SCWX is expected to report next financial results on March 22, 2024.


Customers Net Income fell by SCWX's Customers Net Profit Margin fell to

-6.52 %

2.87 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CRWD   -5.39%    
MSFT        1.55% 
NET   -0.07%    
PATH   -6.53%    
PLTR   -6.01%    
SPLK        0.12% 
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Secureworks Corp

Secureworks Corp's Earnings Plunge in Q3 2024: Top-line Takes a Nose-Dive



Secureworks Corp, a leading provider of cybersecurity solutions, recently released its financial results for the September to November 03, 2023 period. Despite a decline in revenue and a drop in stock value, the company managed to reduce its losses per share and improve its income per share. This article aims to interpret the key financial data and provide context to help readers understand Secureworks Corp's overall performance.
Financial Results and Analysis:
1. Reduction in Losses per Share:
During the September to November 03, 2023 period, Secureworks Corp decreased its loss per share from $-0.33 to $-0.17 compared to the same period a year before. This signifies a positive trend, indicating improved financial performance and potential for profitability in the future.

Secureworks Corp

The Diminishing Returns Continue to Plague Secureworks Corp as Weak Demand Sparks Increased Losses in the June to August 04, 2023 Period

The stock market can be a rollercoaster of emotions for investors, with peaks and valleys that can cause feelings of both excitement and trepidation. However, it is important to keep a level head and evaluate each investment opportunity with a clear perspective. One such opportunity that has recently faced some challenges is Secureworks Corp, but fear not, for there are still reasons for optimism.
In the most recent fiscal period, Secureworks Corp experienced a setback due to weak demand, resulting in an increase in losses. The shortfall per share rose to $-0.38 from $-0.29, and revenue declined by -20.032% to $92.91 million from $116.18 million in the previous year. While these figures may raise concerns, it is essential to look at the bigger picture.

Secureworks Corp

Secureworks Corp Reveals Declining Revenue in Q1 2024 amidst Rising Losses caused by Weak Orders

Despite the recent downturn in financial performance for Secureworks Corp, there is still reason to remain optimistic about investing in the stock market. While weak orders caused an increase in losses for the financial period closing on May 05, 2023, it's important to keep in mind that fluctuations are par for the course when it comes to investing.
It's worth noting that the company is already taking steps to address the issue, with plans to release their next financial report at the end of August. This foreshadows a potential rebound and could serve as a beneficial opportunity for investors who are looking to diversify their portfolio.
Another encouraging development for Secureworks Corp is that their shortfall per share advanced to $-0.36 from $-0.26, showing a minor improvement and possibility for future growth. Additionally, the company's Q4 Revenue Tumbled by -49.542%, indicating a potential future rebound and improved gains for investors.






 

Secureworks's Segments
 
 
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