Secureworks Expects FY25 Revenue of $325M-$335M Vs $330.096M Est, Adj EPS of $0.05-$0.11 Vs $0.03 Est

6/6/24 7:06:03 AM ET

Computer Software: Prepackaged Software

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Secureworks is providing the following updated guidance for full fiscal year 2025. The Company expects:

Fiscal Year 2025 Guidance
Total ARR	$300M or Greater
Total revenue	$325M to $335M
Non-GAAP net income	$4M to $10M
	$0.05 to $0.11 per share
Adjusted EBITDA	$6M to $12M
Cash from operations	$2M to $8M

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Recent Analyst Ratings for
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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

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Leadership Updates

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Secureworks Appoints William Cary to its Board of Directors
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
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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 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.
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Secureworks Welcomes Tracey Mustacchio as Chief Marketing Officer
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
6/28/21 9:00:00 AM ET
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Sophos to Acquire Secureworks to Accelerate Cybersecurity Services and Technology for Organizations Worldwide
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
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Active Ransomware Threat Groups Up 30% in 2024
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
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Secureworks Announces Second Quarter Fiscal 2025 Results
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
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Why Cybersecurity Company SecureWorks Shares Are Seeing Blue Skies Today
SecureWorks Corp. (NASDAQ:SCWX) shares are trading higher after it reported first-quarter FY25 results. Revenue of $85.652 million beat the consensus of $84.198 million. Revenue fell year-over-year reflecting the strategic wind-down of the legacy Other MSS business. Taegis revenue grew 10% Y/Y to $69.1 million, and annual recurring revenue (ARR) rose 7% Y/Y to $287 million. Taegis adjusted gross margin expanded to 74.3% from 70.0% a year ago. Adjusted EBITDA stood at $5.6 million vs. loss of $20.1 million in the first quarter of fiscal 2024, exceeding guidance and representing an adjusted EBITDA margin of 6.6%. Adjusted EPS of $0.05 surpassed the consensus loss of $0.01. The c
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Secureworks Announces Second Quarter Fiscal 2025 Results
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
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Secureworks to Report Second Quarter Fiscal 2025 Financial Results on September 5, 2024
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
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Secureworks Announces First Quarter Fiscal 2025 Results
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
6/6/24 7:00:00 AM ET
$SCWX
Computer Software: Prepackaged Software
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Secureworks Expects FY25 Revenue of $325M-$335M Vs $330.096M Est, Adj EPS of $0.05-$0.11 Vs $0.03 Est

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Recent Analyst Ratings for $SCWX

$SCWX Leadership Updates

Live Leadership Updates

Secureworks Appoints William Cary to its Board of Directors

Secureworks Appoints Michael Aiello As Chief Technology Officer

Secureworks Welcomes Tracey Mustacchio as Chief Marketing Officer

$SCWX Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Gagnon Neil bought $55,768 worth of shares (9,531 units at $5.85), increasing direct ownership by 1% to 628,058 units (SEC Form 4)

Gagnon Neil bought $106,676 worth of shares (17,823 units at $5.99), increasing direct ownership by 2% to 610,947 units (SEC Form 4)

Gagnon Neil bought $38,511 worth of shares (5,731 units at $6.72), increasing direct ownership by 0.97% to 597,149 units (SEC Form 4)

$SCWX Press Releases

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Sophos to Acquire Secureworks to Accelerate Cybersecurity Services and Technology for Organizations Worldwide

Active Ransomware Threat Groups Up 30% in 2024

Secureworks Announces Second Quarter Fiscal 2025 Results

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$SCWX Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by SecureWorks Corp.

Amendment: SEC Form SC 13G/A filed by SecureWorks Corp.

SEC Form SC 13G/A filed by SecureWorks Corp. (Amendment)

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Secureworks Announces Second Quarter Fiscal 2025 Results

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Morgan Stanley reiterated coverage on SecureWorks with a new price target

RBC Capital reiterated coverage on SecureWorks with a new price target

RBC Capital reiterated coverage on SecureWorks with a new price target

$SCWX SEC Filings

SecureWorks Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

SecureWorks Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by SecureWorks Corp.

$SCWX Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Legal & Admin Officer Hanna George B covered exercise/tax liability with 6,699 shares, decreasing direct ownership by 0.77% to 860,711 units (SEC Form 4)

Director Daley Pamela was granted 32,626 shares, increasing direct ownership by 15% to 248,783 units (SEC Form 4)

Director Pati Yagyensh C was granted 46,165 shares, increasing direct ownership by 32% to 188,657 units (SEC Form 4)

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