Secureworks Corp Stock Price, News & Analysis

Secureworks (NASDAQ: SCWX) has been named a Leader in the "IDC MarketScape: Worldwide Incident Readiness Services 2021 Assessment". This recognition highlights Secureworks' strong portfolio of incident readiness services that assist organizations in preparing for security attacks. The assessment evaluates Secureworks' capabilities, recognizing the value delivered through various services including Proactive Incident Response and Security Advisory Services. With a team of over 300 experts, Secureworks enhances incident readiness through deep expertise and advanced threat research.

Secureworks (NASDAQ: SCWX) is set to release its third quarter fiscal 2022 financial results on December 2, 2021, prior to the opening of U.S. stock markets. A conference call to discuss these results will take place at 8:00 a.m. ET on the same day, with a live audio webcast available on the company’s website. Secureworks is recognized as a leader in cybersecurity, utilizing its Secureworks Taegis™ platform for enhanced threat detection and response capabilities, built on 20+ years of threat intelligence.

Secureworks (NASDAQ: SCWX) announced its participation in Gartner's Virtual Security & Risk Management Summit 2021, scheduled for November 16. Key leaders, including CISO Ken Deitz, will share insights on leveraging security for digital transformation, improving employee experiences, and reducing costs. Notable topics include aligning IT initiatives with security strategies and enhancing threat detection. Attendees can also book private meetings with Secureworks experts to discuss security challenges and strategies.

Secureworks (NASDAQ: SCWX), a leader in cybersecurity, announced an expansion of its Taegis portfolio, introducing Taegis NGAV and Taegis ManagedXDR Elite services. Taegis NGAV enhances endpoint threat disruption through machine learning, while ManagedXDR Elite provides tailored, continuous threat hunting led by Secureworks experts. This expansion aims to improve customers' resilience against evolving threats. Secureworks was recently recognized as a Leader in the IDC MarketScape for Managed Detection and Response Services, highlighting its comprehensive threat visibility and capabilities.

Secureworks (NASDAQ: SCWX), a leader in cybersecurity, has attained the AWS Level 1 Managed Security Service Provider (MSSP) Competency status. This recognition highlights Secureworks' capability in delivering 24/7 managed security services across six security domains, including vulnerability management and threat detection. The AWS Level 1 MSSP Competency enhances Secureworks' differentiation as a cloud security provider. With the Taegis platform, Secureworks integrates AWS security services to improve threat analysis and response, reinforcing its commitment to customer risk management and cloud security.

Secureworks (NASDAQ: SCWX) announced the appointment of Wendy K. Thomas as President and CEO, effective September 3. She succeeds Michael R. Cote, who has retired from the position. Thomas previously served as President of Customer Success and has been with the company since 2008, holding multiple leadership roles. Her experience includes executing strategic acquisitions and developing the Secureworks Taegis platform. She aims to support Secureworks' mission to enhance cybersecurity and customer success.

Secureworks (SCWX) reported its Q2 fiscal 2022 results, revealing overall revenue of $134.2 million, a 3.1% decline year-over-year. However, its Taegis platform achieved significant milestones, with annual recurring revenue (ARR) surpassing $100 million, reflecting a remarkable 200% annual growth. The company has raised its full year 2022 Taegis ARR guidance to at least $155 million. Despite increased Taegis revenue, the overall financials showed a GAAP net loss of $11.8 million or $0.14 per share. Cash reserves stood at $197 million.

Secureworks (NASDAQ: SCWX) has been recognized as a Leader in the "IDC MarketScape: U.S. Managed Detection and Response Services 2021 Assessment." The assessment highlights Secureworks' leadership in managed detection and response, emphasizing its broad threat visibility, inclusive vendor approach, and effective threat hunting capabilities. The company’s Taegis ManagedXDR combines security expertise with AI-driven analytics, offering continuous security improvements for clients. The report reflects Secureworks' commitment to enhancing customer security, underscoring its global brand and significant market presence.