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SecureWorks Corp - SCWX STOCK NEWS

Welcome to our dedicated page for SecureWorks news (Ticker: SCWX), a resource for investors and traders seeking the latest updates and insights on SecureWorks stock.

SecureWorks Corp (NASDAQ: SCWX) is a global leader in cybersecurity, dedicated to helping customers and partners stay ahead of cyber threats. With over 20 years of threat intelligence and research, SecureWorks leverages its extensive experience to deliver cutting-edge security solutions. The company offers a cloud-native, SaaS-based security platform, SecureWorks® Taegis™, which integrates advanced security analytics, AI, and automation to detect and respond to advanced threats.

SecureWorks provides a comprehensive suite of services including Managed Detection and Response (MDR), Extended Detection and Response (XDR), Threat Hunting, Log Management, Next-Generation Antivirus (NGAV), Endpoint Detection and Response (EDR), and Intrusion Detection and Prevention Systems (IDPS). These solutions empower organizations to enhance their cyber defenses, detect malicious activities in real-time, prioritize security incidents, and predict emerging threats.

Recently, SecureWorks has achieved several milestones, including the expansion of its Partner First ecosystem with market-leading global partners and delivering consistent market-leading growth through its Taegis platform. The company's latest innovation, the AI-powered Threat Score, reduces security analyst workload by over 50% by prioritizing alerts based on the likelihood of negative impact.

Financially, SecureWorks has demonstrated solid performance, meeting its financial commitments and showing progress towards achieving profitability. In Q3 of fiscal 2024, the company reported growth in its Taegis business and expanded its gross margin, driven by operational efficiencies and ongoing investments in AI and open cloud architecture.

SecureWorks has also formed strategic partnerships, such as the collaboration with SentinelOne, to enhance cyber resilience by integrating threat intelligence and technology. This partnership aims to simplify risk management and reduce response times for organizations globally.

The company's commitment to innovation and customer success is evident through continuous enhancements to its product offerings and the integration of vulnerability risk context with threat detection. This holistic approach ensures that SecureWorks customers can prevent, detect, and respond to cyber threats more effectively.

SecureWorks Corp remains at the forefront of the cybersecurity industry, providing unmatched expertise and advanced solutions to protect organizations from evolving cyber threats.

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Secureworks (NASDAQ: SCWX) will release its first quarter fiscal 2025 financial results on June 6, 2024, before the U.S. stock market opens. The company will host a conference call at 8:00 a.m. ET to discuss these results. Investors can access a live audio webcast of the call on Secureworks' investor relations website, where it will also be archived for future reference.

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Secureworks announces integration of vulnerability risk context with threat detection to prevent attackers from exploiting known vulnerabilities and expedite response times, improving security posture. The integration between Taegis XDR and Taegis VDR creates a unified experience for IT and SecOps teams, closing security blind spots. The new solution aims to reduce risk for organizations by providing insights into attackers' methods and enhancing response capabilities.
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Secureworks (SCWX) appoints William H. Cary to its Board of Directors and as Chair of the Audit Committee. Cary, a former GE executive, brings financial and operational expertise to enhance the company's growth strategy and shareholder value. His experience in cybersecurity and risk management will benefit Secureworks in combating cybercrime.
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Secureworks (NASDAQ: SCWX) reports strong financial results for Q4 and FY 2024 with significant revenue growth and margin expansion. The company exceeded adjusted EBITDA guidance, showcasing a positive outlook for FY 2025. Key highlights include Taegis ARR growth, revenue increase, and expanding gross margins.
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Secureworks (SCWX) receives Frost & Sullivan's 2024 Global Competitive Strategy Leadership Award in XDR market. Revenue grows by 25% in FY24. The company is praised for its innovation, customer-first approach, and market-leading XDR platform.
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Happiest Minds Technologies Limited (NSE: HAPPSTMNDS) has announced its partnership with Secureworks (NASDAQ: SCWX) to enhance cybersecurity solutions, providing a growth opportunity for both companies.
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Secureworks (SCWX) will release its Q4 and full year fiscal 2024 financial results on March 14, 2024, followed by a conference call at 8:00 a.m. ET. The live webcast will be available on the company's website.
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Secureworks (SCWX) has launched an AI-powered Threat Score to help security analysts prioritize and respond to alerts more effectively. This innovation aims to reduce analyst workload by over 50% and silence alert noise, addressing the increasing pressure on analysts to make critical decisions amidst falling ransomware dwell times.
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Secureworks (SCWX) and SentinelOne (S) joint go-to-market program aims to enhance cyber resilience by simplifying risk management and reducing time to value through their fully integrated cybersecurity solutions.
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Secureworks (NASDAQ: SCWX) reported strong financial results for Q3 of fiscal 2024. Taegis annual recurring revenue (ARR) grew to $279 million, with a 25% year-over-year increase. Third quarter revenue for Taegis grew 41% year-over-year to $67.3 million. The company also achieved significant margin expansion, with GAAP gross margin reaching 70.4% and non-GAAP gross margin at 72.7%. Secureworks is on track to achieve breakeven adjusted EBITDA in the fourth quarter of 2023.
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FAQ

What is the current stock price of SecureWorks (SCWX)?

The current stock price of SecureWorks (SCWX) is $8.46 as of December 23, 2024.

What is the market cap of SecureWorks (SCWX)?

The market cap of SecureWorks (SCWX) is approximately 752.9M.

What does SecureWorks Corp specialize in?

SecureWorks Corp specializes in cybersecurity, providing cloud-native SaaS-based security solutions, including MDR, XDR, Threat Hunting, and Log Management.

What is SecureWorks Taegis™?

SecureWorks Taegis™ is a SaaS-based, open XDR platform that integrates advanced security analytics, AI, and automation to detect and respond to advanced cyber threats.

What recent achievements has SecureWorks made?

SecureWorks has expanded its Partner First ecosystem, launched AI-powered Threat Score, and reported growth in its Taegis business, showing progress towards profitability.

Who are SecureWorks' strategic partners?

SecureWorks has formed strategic partnerships with companies like SentinelOne to enhance cyber resilience through integrated threat intelligence and technology.

How does SecureWorks' AI-powered Threat Score benefit organizations?

The AI-powered Threat Score reduces security analyst workload by over 50% by prioritizing alerts based on the likelihood of negative impact, ensuring faster response times.

What financial performance has SecureWorks reported?

SecureWorks has demonstrated solid financial performance, meeting its commitments, and showing growth in its Taegis business with expanded gross margins.

What services does SecureWorks offer?

SecureWorks offers a range of services including MDR, XDR, Threat Hunting, Log Management, NGAV, EDR, and IDPS to enhance cyber defenses and detect threats in real-time.

How does SecureWorks integrate vulnerability risk context with threat detection?

SecureWorks integrates vulnerability risk context with threat detection through its Taegis platform, allowing customers to view known vulnerabilities in context with threat data for faster remediation.

What is the significance of SecureWorks' partnership with SentinelOne?

The partnership with SentinelOne aims to simplify risk management and reduce response times by integrating threat intelligence and technology from both companies.

What is SecureWorks' focus on AI and automation?

SecureWorks focuses on AI and automation to enhance threat detection and response capabilities, streamline operations, and improve security outcomes for customers globally.

SecureWorks Corp

Nasdaq:SCWX

SCWX Rankings

SCWX Stock Data

752.90M
13.94M
23.07%
52.59%
0.1%
Software - Infrastructure
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