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

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

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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ATLANTA, Oct. 13, 2021 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cyber security, today announced the expansion of its Taegis portfolio of extended detection and response solutions with the addition of Taegis NGAV and Taegis ManagedXDR Elite. Taegis NGAV is a software-as-a-service add-on to Taegis Extended Detection and Response (XDR) and ManagedXDR.

Secureworks® Expands Taegis™ Portfolio to Boost Customers' Cyber Resilience

ATLANTA, Sept. 21, 2021 /PRNewswire/ -- Secureworks®, (NASDAQ: SCWX), a global leader in cybersecurity, announced today that it has achieved Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP) Competency status.

Secureworks Achieves AWS Level 1 Managed Security Service Provider Competency Status

Cybersecurity Veteran to Build on Secureworks' Dedication to Customer Success, Product Innovation, and Advances in Operations and InfoSec ATLANTA, Sept. 7, 2021 /PRNewswire/ -- Secureworks ® (NASDAQ: SCWX), a global leader in cybersecurity, announced that Wendy K.

Wendy K. Thomas Assumes Role as President & CEO of Secureworks

Cybersecurity provider SecureWorks Corp (NASDAQ: SCWX) reported a second-quarter FY22 revenue decline of 3.1% year-on-year to $134.2 million, missing the analyst consensus of $134.97 million. Secureworks Taegis surpassed $100 million in annual recurring revenue (ARR) and ended Q2 with 700 customers.

SecureWorks Shares Plunge On Q2 Performance, Slashed FY22 Outlook

SecureWorks Corp (SCWX) CEO Wendy Thomas on Q2 2022 Results - Earnings Call Transcript

SecureWorks (SCWX) delivered earnings and revenue surprises of 150.00% and -0.55%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

SecureWorks (SCWX) Q2 Earnings Surpass Estimates

ATLANTA, Sept. 2, 2021 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its second quarter, which ended on July 30, 2021.

Secureworks Reports Taegis™ ARR Growth of 200% in Connection with Second Quarter Fiscal 2022 Results

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.

Analysts Estimate SecureWorks (SCWX) to Report a Decline in Earnings: What to Look Out for

ATLANTA, Aug. 24, 2021 /PRNewswire/ -- Secureworks ® (NASDAQ: SCWX), a global leader in cyber security, has been recognized as a Leader in the "IDC MarketScape: U.S. Managed Detection and Response Services 2021 Assessment (doc # US48129921, August 2021)." The IDC MarketScape noted Secureworks' leadership in managed detection and response and its vendor inclusivity, broad threat visibility and threat hunting capabilities.

Secureworks Named a Leader in the IDC MarketScape: U.S. Managed Detection and Response Services 2021 Assessment

ATLANTA, Aug. 19, 2021 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced that Secureworks Taegis™ XDR has received Frost & Sullivan's 2021 Global Customer Value Leadership Award for its ability to help customers protect their organizations' expanding attack surface. The award recognizes Secureworks for helping its customers detect more true positives, accelerate investigations and response, and maximize the ROI of existing security tools.

Secureworks Wins Frost & Sullivan's 2021 Customer Value Leadership Award for Taegis XDR Cloud-native Security Operations and Analytics Platform

ATLANTA, Aug. 17, 2021 /PRNewswire/ -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its second quarter fiscal 2022 financial results Thursday, September 2, 2021, before the open of regular U.S. stock market trading hours.  Secureworks will host a conference call that day to review the results at 8:00 a.m.

Secureworks to Report Second Quarter Fiscal 2022 Financial Results on September 2, 2021

ATLANTA, Aug. 16, 2021 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced that it is scheduled to present at the DA Davidson virtual investor conference on September 9, 2021 at 10 a.m. Eastern Time.

Secureworks to Participate in Upcoming DA Davidson Conference

ATLANTA, July 30, 2021 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced its participation in this year's Black Hat USA  conference. Secureworks will showcase its cloud-based products and services that help organizations strengthen their security posture and effectively defend against advanced threats.

Secureworks Showcases Real Breach Protection at Black Hat USA 2021

ATLANTA and FRANKFURT, Germany, July 13, 2021 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced its new Taegis™ XDR (Extended Detection and Response) cloud data storage instance in Frankfurt, Germany, for European Union (EU) customers and channel partners who prefer to store their telemetry data within the EU.  This investment reinforces Secureworks' ongoing commitment to EU customers and partners, while enhancing Secureworks' readiness to fulfill accelerated growth and meet rising demand in the region.

Secureworks Expands International Operations To Meet Growing Partner And Customer Demand

ATLANTA, July 7, 2021 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced the integration of threat intelligence feeds from Secureworks Counter Threat Unit™ (CTU) into Secureworks Taegis™ VDR (Vulnerability Detection and Response) to identify and help eliminate the latest high-risk vulnerabilities in enterprises before they can be exploited.     While threat actors use advanced tactics, techniques, and procedures to identify vulnerabilities, security teams are forced to fall back on simple severity scores to prioritize threats.

Secureworks Enhances Vulnerability Detection & Response With Proprietary CTU Threat Intelligence

Cybersecurity and data analytics executive to accelerate Secureworks market expansion Cybersecurity and data analytics executive to accelerate Secureworks market expansion

Secureworks Welcomes Tracey Mustacchio as Chief Marketing Officer

New partners to integrate solutions with Taegis™ security operations and analytics platform; Company marks first year of global partner program with Taegis-powered MSP momentum New partners to integrate solutions with Taegis™ security operations and analytics platform; Company marks first year of global partner program with Taegis-powered MSP momentum

Secureworks Unveils Global Technology Alliance Partner Program to Protect Customers From Advanced Cyber Threats

SecureWorks (SCWX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in SecureWorks (SCWX): Can Its 12.2% Jump Turn into More Strength?

SecureWorks Corp. (SCWX) CEO Mike Cote on Q1 2022 Results - Earnings Call Transcript

ATLANTA, June 03, 2021 (GLOBE NEWSWIRE) -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its first quarter, which ended on April 30, 2021.

Secureworks Reports First Quarter Fiscal 2022 Results

ATLANTA, June 03, 2021 (GLOBE NEWSWIRE) -- Secureworks ® (NASDAQ:SCWX), a global leader in cybersecurity, today announced that Chief Executive Officer Michael R. Cote is retiring as CEO and a member of the Secureworks Board of Directors, effective Sept. 3, 2021. The Secureworks Board of Directors unanimously appointed Wendy K. Thomas, Secureworks' current President of Customer Success, as the company's next President and Chief Executive Officer, effective Sept. 3, 2021.

Michael R. Cote to Retire as Secureworks CEO; Board Appoints Wendy K. Thomas as Next President & CEO

SecureWorks (NASDAQ:SCWX) releases its next round of earnings this Thursday, June 03. Here is Benzinga's essential guide to SecureWorks's Q1 earnings report.

A Preview Of SecureWorks's Earnings

Secureworks' Taegis™ security analytics platform provides unified detection and response across cloud, network, and endpoint environments Secureworks' Taegis™ security analytics platform provides unified detection and response across cloud, network, and endpoint environments

Secureworks expands throughout Asia Pacific with NEXTGEN distribution agreement for Taegis™ XDR

ATLANTA, May 18, 2021 (GLOBE NEWSWIRE) -- Secureworks (NASDAQ: SCWX) today announced that it plans to release its first quarter fiscal 2022 financial results Thursday, June 3, 2021, before the open of regular U.S. stock market trading hours.

Secureworks to Report First Quarter Fiscal 2022 Financial Results on June 3, 2021

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