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Secureworks Corp  (SCWX)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Secureworks's

Competitiveness


 

SCWX Sales vs. its Competitors Q3 2022



Comparing the results to its competitors, Secureworks reported Total Revenue decrease in the 3 quarter 2022 year on year by -17.02 %, faster than overall decrease of Secureworks's competitors by -3.44 %, recorded in the same quarter.

List of SCWX Competitors





Revenue Growth Comparisons




Net Income Comparison


Secureworks Corp recorded net loss and most of company's competitors saw decline in earnings by -23.85 %

<<  More on SCWX Income Comparisons


Secureworks's Comment on Competitors and Industry Peers


The market for information security services is very competitive, and we expect competition to continue to increase in the future. Changes in the threat landscape and the broader IT infrastructure have led to quickly evolving client requirements for protection from security threats and adversaries.

We compete primarily against the following four types of security services and product providers, some of which operate principally in the large enterprise market and others in the market for small and medium-sized businesses:


global telecommunications and network services providers such as AT&T Inc., BT Group PLC, Verizon Communications Inc. and NTT Communications Corp.;


providers of specialized or niche IT security products and services such as FireEye, Inc., Palo Alto Networks, Inc. and Symantec Corporation;


diversified technology companies such as Cisco Systems, Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation and Intel Corporation; and


regional information security services providers that compete in the small and medium-sized businesses market with some of the features present in our information security solutions.


We believe that the principal competitive factors in our market include:


global visibility into the threat landscape;


ability to generate actionable intelligence based on historical data and emerging threats;


ability to apply threat intelligence from our Counter Threat Unit to our Counter Threat Platform and security controls;


scalability and overall performance of platform technologies;


ability to integrate with, monitor and manage a variety of third-party products;


ability to provide a flexible deployment option to cater to specific client needs;


ability to attract and retain high-quality professional staff with information security expertise;


brand awareness and reputation;


strength of sales and marketing efforts;


cost effectiveness;


client service and support; and


breadth and richness of threat intelligence, including history of data collection and diversity and geographic scope of clients.

We believe that we generally compete favorably with our competitors on the basis of these factors as a result of the architecture, features and performance of our Counter Threat Platform, the quality of our threat intelligence, the security expertise within our organization, and the ease of integration of our solutions and platform with other technology infrastructures. However, many of our existing and potential competitors, particularly in the large enterprise market, have advantages over us because of their longer operating histories, greater brand name recognition, larger client bases, more extensive relationships within large commercial enterprises, more mature intellectual property portfolios and greater financial and technical resources.






  

Overall company Market Share Q3 2022

Overall company, revenue fell by -17.02 % and company lost market share, to approximate 0.07 %.




<<  More on SCWX Market Share.
 
*Market share is calculated based on total revenue.


SCWX's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Secureworks Corp SCWX 584.48 502.00 -65.00 2,555
Cloudflare Inc NET 15,797 894.14 -224.97 2,440
Qualys Inc QLYS 4,779 468.65 101.49 869
Mandiant Inc. MNDT 5,359 391.26 848.98 0
Rapid7 Inc RPD 1,845 652.24 -157.96 1,079
Akamai Technologies Inc AKAM 14,919 3,594.23 507.39 7,724
Sidechannel Inc. CLOK 11 0.03 -3.45 7
Cisco Systems Inc CSCO 204,565 52,289.00 11,502.00 77,500
Intel Corporation INTC 121,316 74,689.00 17,526.00 110,600
Verisign Inc VRSN 21,645 1,396.01 824.38 872
Varonis Systems Inc VRNS 2,402 457.60 -138.71 1,251
International Business Machines Corporation IBM 134,413 60,539.00 1,262.00 381,100
Microsoft Corporation MSFT 1,908,825 203,075.00 69,789.00 163,000
Hp Inc. HPQ 30,677 66,440.00 6,798.00 53,000
Mimecast Limited MIME 5,605 575.28 47.24 1,192
At and t Inc T 145,446 138,749.00 21,490.00 242,000
Palo Alto Networks Inc PANW 58,438 5,817.50 -143.40 0
Verizon Communications Inc VZ 160,509 134,499.00 21,604.00 0
Splunk Inc SPLK 14,452 2,859.44 -256.36 3,200
Appian Corporation APPN 2,757 447.19 -142.35 705
Supercom Ltd SPCB 0 12.27 -10.14 215
Zoom Video Communications Inc ZM 22,441 4,346.16 697.74 6,787
Zscaler Inc. ZS 18,174 1,090.95 -390.28 3,153
Crowdstrike Holdings Inc CRWD 28,989 1,420.32 -113.72 4,965
Palantir Technologies Inc PLTR 15,881 1,830.11 -560.77 2,920
Check Point Software Technologies Ltd CHKP 17,906 2,166.80 815.60 5,805
Uipath Inc. PATH 7,934 997.80 -428.84 4,013
Tenable Holdings Inc TENB 4,294 647.58 3.15 1,367
Engagesmart Inc ESMT 2,762 281.62 14.77 789
Hello Group Inc MOMO 2,315 2,287.25 -459.11 2,394
Sumo Logic Inc. SUMO 907 233.89 -94.95 943
Sentinelone Inc S 4,100 339.81 -389.08 1,200
Fastly Inc FSLY 1,248 411.12 -201.64 976
Cellebrite Di Ltd CLBT 722 246.25 70.43 1,000
Tuya Inc TUYA 602 302.08 -175.42 3,470
Kaltura Inc KLTR 264 40.16 22.71 758
SUBTOTAL 2,982,884.64 764,989.57 149,968.38 1,089,849
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