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Secureworks Corp  (NASDAQ: SCWX)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $8.5100 $0.02 0.236%
Day's High: $8.53 Week Perf: 0.35 %
Day's Low: $ 8.49 30 Day Perf: 0.71 %
Volume (M): 2,158 52 Wk High: $ 9.76
Volume (M$): $ 18,365 52 Wk Avg: $7.32
Open: $8.49 52 Wk Low: $5.61



 Market Capitalization (Millions $) 756
 Shares Outstanding (Millions) 89
 Employees 2,100
 Revenues (TTM) (Millions $) 436
 Net Income (TTM) (Millions $) -115
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 8

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


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

519.47 %

15.85 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CRWD        6.04% 
MSFT        0.45% 
NET        21.79% 
PATH   -1.76%    
PLTR        6.1% 
TENB   -7.05%    
• View Complete Report
   



Secureworks Corp

Secureworks Corp Reports Larger Deficit on Weak Sales in Q1 2025 Earnings Season

In the first quarter of 2025 earnings season, Secureworks Corp (SCWX) reported a larger deficit of $-0.41 per share compared to $-0.36 a year ago. However, there was an improvement in earnings per share from the preceding quarter, rising from $-0.45 per share. Revenue for the quarter decreased by -10.19% to $84.78 million from $94.40 million in the same quarter a year ago, and there was a significant sequential revenue decrease of -54.767% from $187.42 million.
The company faced financial challenges as it realized a net shortfall of $36.076 million for the first quarter of 2025, which was larger than the $30.970 million loss from the previous year. Despite appointing William Cary to its Board of Directors, the company reported a cumulative net loss of $43 million for the 12 months ending in the third quarter of 2024, resulting in a negative ROI of -7.79%. This negative financial performance was below that of many other companies within the Technology sector.

Secureworks Corp

Secureworks Corp. Faces Major Financial Loss Despite Leadership Shake-Up

Secureworks Corp, a cybersecurity company, recently made headlines with the appointment of William Cary to its Board of Directors. Cary, who brings with him a wealth of experience in financial and operational matters, will also serve as the Chair of the Audit Committee. This move was seen as a positive step towards strengthening the company's leadership team in the face of current challenges.
However, alongside this positive development, Secureworks also reported a significant net loss of $43 million in the 12 months ending in the third quarter of 2024. This resulted in a negative return on investment (ROI) of -7.79%, placing the company behind many of its peers in the Technology sector. The company also posted a loss per stock of $-0.45 per share, compared to $0.43 a year ago, indicating a decline in financial performance.

Personnel Announcements

Secureworks Fortifies its Board of Directors Amidst Financial Challenges, Aiming for a Resilient Future

Published Thu, Mar 21 2024 8:25 PM UTC

Secureworks Appoints William Cary to its Board of Directors and Faces Financial Challenges
ATLANTA, March 21, 2024 - In a recent announcement, Secureworks, a global leader in cybersecurity, revealed the appointment of William (Bill) H. Cary to its Board of Directors. Cary will also take on the role of Chair of the Audit Committee, leveraging his extensive experience in f...

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's Segments
Total Subscription revenue    87.01 % of total Revenue
Taegis Subscription Solutions    87.01 % of total Revenue
Professional Services    13.8 % of total Revenue





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