SecureWorks Corp. (SCWX)

NASDAQ: SCWX · IEX Real-Time Price · USD
8.26
-0.11 (-1.31%)
Jun 5, 2023, 1:37 PM EDT - Market open
-1.31%
Market Cap 706.32M
Revenue (ttm) 463.48M
Net Income (ttm) -114.50M
Shares Out 86.03M
EPS (ttm) -1.36
PE Ratio n/a
Forward PE 86.96
Dividend n/a
Ex-Dividend Date n/a
Volume 24,529
Open 8.23
Previous Close 8.37
Day's Range 8.19 - 8.39
52-Week Range 5.28 - 12.32
Beta 0.98
Analysts Sell
Price Target 8.50 (+2.91%)
Earnings Date Jun 8, 2023

About SCWX

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions, managed security services, and professional services, including incident response and security risk consulting services. Its solutions enable organizations to prevent security breaches, detect malicious activity, respond rapidly to security breaches, and identify emerging threats. The company sells its solutio... [Read more]

Sector Technology
IPO Date Apr 22, 2016
Employees 2,149
Stock Exchange NASDAQ
Ticker Symbol SCWX
Full Company Profile

Financial Performance

In 2023, SecureWorks's revenue was $463.48 million, a decrease of -13.40% compared to the previous year's $535.21 million. Losses were -$114.50 million, 187.8% more than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SCWX stock is "Sell." The 12-month stock price forecast is $8.5, which is an increase of 2.91% from the latest price.

Price Target
$8.5
(2.91% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Secureworks Unifies Industrial Cybersecurity with the First Integrated MDR Solution for OT and IT

Industrial organizations gain security resilience with unified detection and response for OT and IT with the Company's award-winning MDR solution powered by Secureworks® Taegis™ XDR ATLANTA , June 1, ...

4 days ago - PRNewsWire

Secureworks to Report First Quarter Fiscal 2024 Financial Results on June 8, 2023

ATLANTA , May 18, 2023 /PRNewswire/ -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its first quarter fiscal 2024 financial results on Thursday, June 8, 2023, before the open of...

2 weeks ago - PRNewsWire

Secureworks Appoints Alpana Wegner as Chief Financial Officer and Allan Peters as Chief Revenue Officer

Leaders with 20+ Years Experience in Software and Cybersecurity Will Scale Secureworks to Accelerate Revenue-Generating Performance ATLANTA , April 27, 2023 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX),...

1 month ago - PRNewsWire
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Secureworks Reports 120% Growth in Annual Taegis Revenue to $188 Million in Connection with Fourth Quarter and Full Year Fiscal 2023 Results

ATLANTA , March 23, 2023 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its fourth quarter and full fiscal year, which ended on Feb...

2 months ago - PRNewsWire

Secureworks Reduces Cyber Risk and Bolsters Cyber Resiliency With Launch Of Security Posture Dashboard

Companies can continually evaluate and strengthen their security posture relative to their industry peers ATLANTA , March 22, 2023 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cyber...

2 months ago - PRNewsWire

Secureworks to Report Fourth Quarter and Full Year Fiscal 2023 Financial Results on March 23, 2023

ATLANTA , Feb. 27, 2023 /PRNewswire/ -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its fourth quarter and full year fiscal 2023 financial results on Thursday, March 23, 2023, ...

3 months ago - PRNewsWire

SecureWorks to cut 9% of its workforce, as layoffs could affect more than 200 employees

SecureWorks Inc. SCWX, +1.47% disclosed Tuesday that it will lay off about 9% of its employees, as part of a plan to cut costs. The company had 2,351 employees as of Jan. 28, 2022, according to the cy...

4 months ago - Market Watch

Secureworks to Participate in Upcoming Needham Growth Conference

ATLANTA , Jan. 5, 2023 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced that it is scheduled to present at the 25th Annual Needham Growth Conference on Thu...

5 months ago - PRNewsWire
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Secureworks Reports 80% year over year Growth in Taegis ARR to $222 Million in Connection with Third Quarter Fiscal 2023 Results

ATLANTA , Dec. 1, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its third quarter, which ended on October 28, 2022. Key Highl...

6 months ago - PRNewsWire

Secureworks Unveils Partner First Strategy

Partner First launches across North America, with rest of world to follow in 2023 ATLANTA , Nov. 18, 2022 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced...

7 months ago - PRNewsWire

Secureworks to Report Third Quarter Fiscal 2023 Financial Results on December 1, 2022

ATLANTA, Ga. , Nov. 15, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its third quarter fiscal 2023 financial results on Thursday, December 1, 2022, before t...

7 months ago - PRNewsWire

Secureworks Launches Taegis™ XDR Platform in Japan as Threat from Ransomware Escalates

Launch underscores Secureworks global growth strategy and ongoing commitment to Japan as it sees continued growth in the country   TOKYO , Oct. 10, 2022 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a ...

8 months ago - PRNewsWire

Secureworks State of the Threat Report 2022: 52% of ransomware incidents over the past year started with compromise of unpatched remote services

Analysis of the cyber threat landscape from the Secureworks® Counter Threat Unit™ highlights key shifts in the tools and behaviors of adversaries across the world ATLANTA , Oct. 4, 2022 /PRNewswire/ -...

8 months ago - PRNewsWire
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Secureworks Reports over $200 Million in Taegis ARR (100% year over year growth) in Connection with Second Quarter Fiscal 2023 Results

ATLANTA , Sept. 1, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its second quarter, which ended on July 29, 2022.

9 months ago - PRNewsWire

Secureworks Continues Channel Alliance Momentum, Announces Partnerships with Netskope and SCADAfence

Secureworks expands its open XDR platform to include visibility across OT, ICS, and SASE environments, delivering greater detection and response capabilities to more customers ATLANTA , Aug. 31, 2022 ...

9 months ago - PRNewsWire

Secureworks to Report Second Quarter Fiscal 2023 Financial Results on September 1, 2022

ATLANTA , Aug. 16, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its second quarter fiscal 2023 financial results on Thursday, September 1, 2022, before the ...

10 months ago - PRNewsWire

Secureworks Appoints Michael Aiello As Chief Technology Officer

Former Product Lead for Google Cloud Security Will Accelerate Growth as Business Transformation Continues ATLANTA , July 12, 2022 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cybers...

11 months ago - PRNewsWire

Secureworks Reports 149% Taegis™ ARR Growth in Connection with First Quarter Fiscal 2023 Results

ATLANTA , June 2, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its first quarter, which ended on April 29, 2022. Key Highlig...

1 year ago - PRNewsWire

Secureworks to Report First Quarter Fiscal 2023 Financial Results on June 2, 2022

ATLANTA , May 17, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its first quarter fiscal 2023 financial results on Thursday, June 2, 2022, before the open of...

1 year ago - PRNewsWire

Secureworks CEO on why XDR with ‘full coverage' is critical

Secureworks CEO Wendy Thomas said in an interview that the company's Taegis XDR platform has been seeing strong demand from the mid-market.

1 year ago - VentureBeat

Why SecureWorks Shares Are Plunging Today

SecureWorks Corp (NASDAQ: SCWX) reported a fourth-quarter FY22 revenue decline of 8.5% year-on-year to $127.9 million, missing the consensus of $128.9 million. SecureWorks Taegis posted $165 million i...

1 year ago - Benzinga

Secureworks Reports 200% Taegis™ ARR Growth and Record Taegis Customer Growth in Connection with Fourth Quarter and Full Year Fiscal 2022 Results

ATLANTA, March 17, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its fourth quarter and full fiscal year, which ended on Janu...

1 year ago - PRNewsWire

Secureworks® Hands-on-Keyboard Detector Identifies Malicious Threat Actors

Patent-pending Taegis™ platform detector uncovers "hands-on" cybercriminal activity even as the actors attempt to evade detection ATLANTA, March 14, 2022 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a...

1 year ago - PRNewsWire

Secureworks to Report Fourth Quarter and Full Year Fiscal 2022 Financial Results on March 17, 2022

ATLANTA, March 1, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its fourth quarter and full year fiscal 2022 financial results Thursday, March 17, 2022, befo...

1 year ago - PRNewsWire

Secureworks to Participate in Upcoming Needham Conference

ATLANTA, Jan. 4, 2022 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced that it is scheduled to present at the Needham Virtual Growth Conference on January ...

1 year ago - PRNewsWire