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 solutions primarily through its direct sales organization, as well as through referral agents, regional value-added resellers, and trade associations. It serves customers in a range of industries, including financial services, manufacturing, technology, retail, insurance, utility, and healthcare sectors. The company was formerly known as SecureWorks Holding Corporation and changed its name to SecureWorks Corp. in November 2015. SecureWorks Corp. was founded in 1999 and is headquartered in Atlanta, Georgia. SecureWorks Corp. is a subsidiary of Dell Inc.
IPO Year: 2016
Exchange: NASDAQ
Website: secureworks.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2021 | $15.00 → $16.00 | Equal-Weight | Morgan Stanley |
| 12/3/2021 | $20.00 → $19.00 | Sector Perform | RBC Capital |
Morgan Stanley reiterated coverage of SecureWorks with a rating of Equal-Weight and set a new price target of $16.00 from $15.00 previously
RBC Capital reiterated coverage of SecureWorks with a rating of Sector Perform and set a new price target of $19.00 from $20.00 previously
RBC Capital reiterated coverage of SecureWorks with a rating of Sector Perform and set a new price target of $15.00 from $14.00 previously
SCHEDULE 13G - SecureWorks Corp (0001468666) (Subject)
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S-8 POS - SecureWorks Corp (0001468666) (Filer)
8-K - SecureWorks Corp (0001468666) (Filer)
25-NSE - SecureWorks Corp (0001468666) (Subject)
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OXFORD, United Kingdom and ATLANTA, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Sophos and Secureworks® (NASDAQ:SCWX), two global cybersecurity pioneers that have innovated and redefined services and technology solutions for defeating cyberattacks, today announced the completion of Sophos' acquisition of Secureworks. The all-cash transaction values Secureworks at approximately $859 million. With the completion of the acquisition, Secureworks' common stock has ceased trading on Nasdaq. Sophos is backed by Thoma Bravo, a leading software investment firm. With this acquisition, Sophos is now the leading pure-play cybersecurity provider of Managed Detection and Response (MDR) services, supporting more
ATLANTA, Dec. 4, 2024 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX), a global leader in cybersecurity, today announced financial results for its third quarter fiscal 2025, which ended on November 1, 2024. Key Highlights Taegis™ third quarter revenue grew 6% year-over-year to $71.4 million.Total annual recurring revenue (ARR) grew to $288.8 million, an increase of 4% on a year-over-year basis.Taegis GAAP gross margin and non-GAAP gross margin continued to expand year-over-year in the third quarter, reaching 72% and 75%, respectively."With a 30% rise in active ransomware groups yea
ATLANTA, Nov. 20, 2024 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX) today announced that it plans to release its third quarter fiscal 2025 financial results on Wednesday, December 4, 2024, before the open of regular U.S. stock market trading hours. Secureworks will not be hosting a quarterly earnings conference call in light of the pending transaction with Sophos. About SecureworksSecureworks (NASDAQ:SCWX) is a global cybersecurity leader that secures human progress with Secureworks Taegis™, a SaaS-based, open XDR platform built on 20+ years of real-world detection data, securi
News Summary Secureworks shareholders to receive $8.50 per share in cashSophos intends to integrate solutions from both companies into a broader and stronger security portfolio for all small, mid- and enterprise customersBy combining complementary AI-driven security platforms powered by automated prevention, detection and response, the two organizations can deliver advanced solutions for defeating modern, persistent adversaries even fasterThe deal is expected to strengthen the security community by bringing together two industry leaders with shared mission-driven cultures OXFORD, United Kingdom and ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sophos and Secureworks® (NASDAQ:SCWX), two glob
Secureworks annual State of The Threat Report outlines cybercriminals response as law enforcement operations successfully cause widespread disruption to ransomware operations ATLANTA, Oct. 8, 2024 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX) 2024 State of the Threat Report has revealed a 30% year-over-year rise in active ransomware groups, which demonstrates fragmentation of an established criminal ecosystem. 31 new groups entered the ransomware ecosystem during the last 12 months, and based on numbers of victims listed the three most active groups are: LockBit:The long establis
ATLANTA, Sept. 5, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX), a global leader in cybersecurity, today announced financial results for its second quarter fiscal 2025, which ended on August 2, 2024. Key Highlights Taegis™ second quarter revenue grew 7% year-over-year to $71.2 million.Total annual recurring revenue (ARR) grew to $290 million, an increase of 5% on a year-over-year basis.Taegis GAAP gross margin and non-GAAP gross margin continued to expand year-over-year in the second quarter, reaching 71.8% and 74.3%, respectively."In a world where we rely on technology, comp
New Taegis™ IDR solution stops identity-based attacks in real time ATLANTA, Aug. 28, 2024 /PRNewswire/ -- Secureworks®, (NASDAQ:SCWX), a global leader in cybersecurity, today announced a new industry benchmark of 90 seconds to discover identity related risks and misconfigurations*, an issue that impacts 95% of organizations. Launched today, Secureworks Taegis™ IDR, a new Identity Threat Detection and Response (ITDR) solution, proactively closes security gaps by leveraging advanced AI and machine learning, to automatically detect, prioritize and respond to identity-based threats across an organization's environment and the dark web.
ATLANTA, Aug. 15, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX) today announced that it plans to release its second quarter fiscal 2025 financial results on Thursday, September 5, 2024, 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., Eastern time. A live audio webcast of the conference call will be accessible on the company's website at https://investors.secureworks.com. The webcast will be archived at the same location. About SecureworksSecureworks (NASDAQ:SCWX) is a global
Partnership empowers Coretelligent to deliver cutting-edge threat prevention, detection, and response with the advanced Secureworks Taegis™ platform. Coretelligent, a premier provider of IT and technology solutions, has joined the Secureworks Global MSSP Partner Program to enhance its cybersecurity offerings, helping customers fortify their defenses against an escalating wave of cyber threats. In today's landscape, organizations are not only contending with a surge in cyber threats but also facing a critical shortage of skilled cybersecurity professionals. This partnership enables Coretelligent to scale its capabilities, providing customers with advanced threat prevention, detection, an
Taegis ManagedXDR Plus delivers bespoke security at scale to solve mid-market resource challenges that traditional MDR solutions can't ATLANTA, July 16, 2024 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX), a global leader in cybersecurity, today announced the launch of Taegis™ ManagedXDR Plus, a new Managed Detection and Response (MDR) offering that liberates the mid-market from indistinct, cookie cutter security solutions that don't meet their unique security requirements. Today's announcement means that this market sector will no longer be forced to use homogenous cybersecurity solutions that don't align to unique environments or the AI-fueled attacks that target them. Taegis ManagedXDR Plus e
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ATLANTA, March 21, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX), a global leader in cybersecurity, today announced that it has appointed William (Bill) H. Cary to its Board of Directors and to serve as Chair of the Audit Committee. "Bill's breadth and depth of financial and operational expertise adds to the existing strength of our Board. As we continue to focus on our growth strategy and delivering shareholder value with our leading, open cybersecurity platform, we will greatly benefit from Bill's insights and experience driving success in fast-paced markets. We are fortuna
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 cybersecurity, today announced that it has appointed Michael Aiello as its new Chief Technology Officer (CTO). Aiello will play a pivotal role in setting the company's long-term strategic vision to define the next horizon of cybersecurity, accelerating its business transformation and championing customers to deliver enhanced security outcomes. Aiello will report directly into President and CEO, Wendy Thomas.
ATLANTA, June 28, 2021 (GLOBE NEWSWIRE) -- Secureworks® (NASDAQ:SCWX), a global leader in cybersecurity, today announced the appointment of Tracey Mustacchio as its new Chief Marketing Officer. As CMO, Ms. Mustacchio is leading Secureworks' global growth and marketing strategies at a pivotal time for the Company, as it combines its years of security expertise with a new security analytics and operations platform to help organizations detect, investigate, and respond to advanced threats more quickly and effectively. Ms. Mustacchio reports to incoming Secureworks CEO Wendy K. Thomas. New leadership appointments are bold steps in Secureworks' drive to offer increasingly innovative technolo
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. "Wendy is a proven and respected leader who has been the driving force of our company's transformation," said Mr. Cote. "Her deep knowledge of our business has made her a valued strategic partner for many years, and through
ATLANTA, Dec. 4, 2024 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX), a global leader in cybersecurity, today announced financial results for its third quarter fiscal 2025, which ended on November 1, 2024. Key Highlights Taegis™ third quarter revenue grew 6% year-over-year to $71.4 million.Total annual recurring revenue (ARR) grew to $288.8 million, an increase of 4% on a year-over-year basis.Taegis GAAP gross margin and non-GAAP gross margin continued to expand year-over-year in the third quarter, reaching 72% and 75%, respectively."With a 30% rise in active ransomware groups yea
ATLANTA, Nov. 20, 2024 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX) today announced that it plans to release its third quarter fiscal 2025 financial results on Wednesday, December 4, 2024, before the open of regular U.S. stock market trading hours. Secureworks will not be hosting a quarterly earnings conference call in light of the pending transaction with Sophos. About SecureworksSecureworks (NASDAQ:SCWX) is a global cybersecurity leader that secures human progress with Secureworks Taegis™, a SaaS-based, open XDR platform built on 20+ years of real-world detection data, securi
ATLANTA, Sept. 5, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX), a global leader in cybersecurity, today announced financial results for its second quarter fiscal 2025, which ended on August 2, 2024. Key Highlights Taegis™ second quarter revenue grew 7% year-over-year to $71.2 million.Total annual recurring revenue (ARR) grew to $290 million, an increase of 5% on a year-over-year basis.Taegis GAAP gross margin and non-GAAP gross margin continued to expand year-over-year in the second quarter, reaching 71.8% and 74.3%, respectively."In a world where we rely on technology, comp
ATLANTA, Aug. 15, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX) today announced that it plans to release its second quarter fiscal 2025 financial results on Thursday, September 5, 2024, 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., Eastern time. A live audio webcast of the conference call will be accessible on the company's website at https://investors.secureworks.com. The webcast will be archived at the same location. About SecureworksSecureworks (NASDAQ:SCWX) is a global
ATLANTA, June 6, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX), a global leader in cybersecurity, today announced financial results for its first quarter fiscal 2025, which ended on May 3, 2024. Key Highlights Taegis™ first quarter revenue grew 10% year-over-year to $69.1 million.Taegis annual recurring revenue (ARR) grew to $287 million, an increase of 7% on a year-over-year basis.Taegis GAAP gross margin and non-GAAP gross margin continued to expand in the first quarter, reaching 71.9% and 74.3%, respectively."This quarter, we launched new product capabilities targeting hig
ATLANTA, May 16, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX) today announced that it plans to release its first quarter fiscal 2025 financial results on Thursday, June 6, 2024, 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. ET. A live audio webcast of the conference call will be accessible on the company's website at https://investors.secureworks.com. The webcast will be archived at the same location. About SecureworksSecureworks (NASDAQ:SCWX) is a global cybersecurity leader
ATLANTA, March 14, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX), a global leader in cybersecurity, today announced financial results for its fourth quarter and full year fiscal 2024, which ended on February 2, 2024. Key Highlights Taegis™ annual recurring revenue (ARR) grew to $285 million, an increase of 9% on a year-over-year basis.Taegis fourth quarter revenue grew 15% year-over-year to $68.9 million.Taegis GAAP gross margin and non-GAAP gross margin continued to expand in the fourth quarter, reaching 70.8% and 73.1%, respectively.Secureworks exceeded its guidance for adj
ATLANTA, Feb. 22, 2024 /PRNewswire/ -- Secureworks (NASDAQ:SCWX) today announced that it plans to release its fourth quarter and full year fiscal 2024 financial results on Thursday, March 14, 2024, 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. ET. A live audio webcast of the conference call will be accessible on the company's website at https://investors.secureworks.com. The webcast will be archived at the same location. About SecureworksSecureworks (NASDAQ:SCWX) is a global
ATLANTA, Dec. 7, 2023 /PRNewswire/ -- Secureworks® (NASDAQ:SCWX), a global leader in cybersecurity, today announced financial results for its third quarter, which ended on November 3, 2023. Key Highlights Secureworks Taegis™ annual recurring revenue (ARR) grew to $279 million, an increase of 25% on a year-over-year basis.Taegis third quarter revenue grew 41% year-over-year to $67.3 million.Taegis GAAP gross margin and non-GAAP gross margin continued to expand in the third quarter, reaching 70.4% and 72.7%, respectively."Our Taegis business is consistently delivering market-lea
ATLANTA, Nov. 16, 2023 /PRNewswire/ -- Secureworks (NASDAQ:SCWX) today announced that it plans to release its third quarter fiscal 2024 financial results on Thursday, December 7, 2023, 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. ET. A live audio webcast of the conference call will be accessible on the company's website at https://investors.secureworks.com. The webcast will be archived at the same location. About SecureworksSecureworks (NASDAQ:SCWX) is a global cybersecurity l
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