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Secureworks Stock Price, News & Analysis

SCWX NASDAQ

Company Description

Overview

Secureworks Corporation (SCWX) is a globally recognized cybersecurity firm that leverages a cloud-native, SaaS-based platform to deliver advanced, intelligence-driven security solutions. At its core, Secureworks empowers organizations to outpace cyber adversaries with an innovative and integrated approach that combines real‑world threat intelligence with agile, AI-powered tools. The company has built its reputation over more than two decades of in-depth threat research, enabling it to address the evolving landscape of cyber risks with precision.

Core Business and Technology

Secureworks stands out through its flagship Taegis platform, an open extended detection and response (XDR) solution that forms the backbone of its product portfolio. This platform integrates multiple layers of security operations, including:

  • Threat Detection and Response: Utilizing machine learning and AI algorithms, the platform detects sophisticated threats quickly and automates response measures, ensuring that incidents are managed effectively.
  • Vulnerability Management: By incorporating vulnerability risk context with threat data, Secureworks closes traditional gaps between vulnerability assessments and threat intelligence, giving IT and security operations teams a unified view of risks.
  • Managed and Customized Security Services: The company offers tailored managed detection and response (MDR) services for diverse market segments, from large enterprises to mid-market organizations, ensuring that security solutions align with specific operational needs and regulatory requirements.

This multi-faceted approach not only streamlines security operations but also provides a comprehensive defense against an ever-changing threat landscape.

Business Model and Market Position

Operating on a subscription-based model, Secureworks generates revenue through recurring contracts, which offer predictability and align with long-term client engagement strategies. Its open platform approach allows for seamless integration with existing investments, making it a flexible choice for organizations looking to enhance their security posture without overhauling their infrastructure.

Within the competitive landscape of cybersecurity, Secureworks differentiates itself through:

  • Extensive Threat Intelligence: Leveraging over 20 years of operational data and continuous research, the company informs and refines its security solutions with real-world insights.
  • Cloud-Native Architecture: This modern design not only supports scalability but also enhances the speed and adaptability of threat detection and incident remediation.
  • Integrated Solutions: By bridging traditionally siloed areas such as threat detection and vulnerability management, Secureworks offers a holistic security solution that minimizes blind spots and improves response times.

Industry Impact and Significance

Secureworks has established itself as a dependable partner for organizations striving to manage complex security challenges. Its commitment to innovation is reflected in its continual expansion of product capabilities and strategic investments in technologies such as AI and advanced automation. Through its dynamic Taegis platform, the company addresses key cybersecurity concerns—from reducing dwell times to enhancing threat visibility—thus playing a pivotal role in safeguarding digital operations in a technology-dependent world.

By tailoring security solutions to match the unique demands of different market segments, Secureworks supports a wide range of industries, ensuring that even organizations with budget or resource constraints gain access to enterprise-level security expertise. This strategic versatility has secured its position not only as a technology provider but also as a thought leader in cybersecurity innovation.

Operational Excellence and Expertise

The company’s operations are underpinned by efforts to continually refine processes and leverage automation to enhance efficiency. The integration of data from various sources, including third-party vulnerability scanners, enriches the platform’s intelligence and contributes to more detailed and accurate threat analyses. The use of sophisticated machine learning algorithms ensures that the system adapts over time, providing a robust defense framework that evolves with emerging cyber risks.

Secureworks also places considerable focus on collaboration with strategic partners and clients. This partnership ecosystem is critical for extending its reach and refining its security solutions, thereby reinforcing the company’s reputation as a trustworthy and knowledgeable entity in the cybersecurity domain.

Summary

In summary, Secureworks Corporation delivers a comprehensive cybersecurity strategy that combines a deep reservoir of threat intelligence with cutting-edge AI and cloud-native technologies. Its Taegis platform serves as a holistic tool for detecting and mitigating advanced threats, merging vulnerability management with proactive detection and response. With an operational model centered around recurring revenue, flexible integration, and an emphasis on continuous innovation, Secureworks remains a pivotal player in the global cybersecurity landscape, providing key insights and security measures that protect the critical infrastructure of businesses worldwide.

Stock Performance

$—
0.00%
0.00
Last updated:
18.49 %
Performance 1 year
$756.5M
Market Cap
88.9M
Shares outstanding

SEC Filings

No SEC filings available for Secureworks.

Financial Highlights

$82,733,000
Revenue (TTM)
-$27,501,000
Net Income (TTM)
-$0.31
Diluted EPS (TTM)
$8,355,000
Operating Cash Flow
-33.24%
Net Profit Margin
-26.78%
Oper. Profit Margin

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Frequently Asked Questions

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

The current stock price of Secureworks (SCWX) is $8.51 as of February 7, 2025.

What is the market cap of Secureworks (SCWX)?

The market cap of Secureworks (SCWX) is approximately 756.5M.

What is the revenue (TTM) of Secureworks (SCWX) stock?

The trailing twelve months (TTM) revenue of Secureworks (SCWX) is $82,733,000.

What is the net income of Secureworks (SCWX)?

The trailing twelve months (TTM) net income of Secureworks (SCWX) is -$27,501,000.

What is the earnings per share (EPS) of Secureworks (SCWX)?

The diluted earnings per share (EPS) of Secureworks (SCWX) is -$0.31 on a trailing twelve months (TTM) basis.

What is the operating cash flow of Secureworks (SCWX)?

The operating cash flow of Secureworks (SCWX) is $8,355,000.

What is the profit margin of Secureworks (SCWX)?

The net profit margin of Secureworks (SCWX) is -33.24%.

What is the operating margin of Secureworks (SCWX)?

The operating profit margin of Secureworks (SCWX) is -26.78%.

What is the gross margin of Secureworks (SCWX)?

The gross profit margin of Secureworks (SCWX) is 67.77%.

What is the current ratio of Secureworks (SCWX)?

The current ratio of Secureworks (SCWX) is 0.62, indicating the company's ability to pay short-term obligations.

What is the gross profit of Secureworks (SCWX)?

The gross profit of Secureworks (SCWX) is $56,066,000 on a trailing twelve months (TTM) basis.

What is the operating income of Secureworks (SCWX)?

The operating income of Secureworks (SCWX) is -$22,158,000.

What is the primary business model of Secureworks?

Secureworks operates on a subscription-based model, generating recurring revenue through SaaS contracts that deliver its integrated cybersecurity solutions globally.

How does the Taegis platform enhance cybersecurity?

The Taegis platform unifies threat detection, vulnerability management, and automated response, leveraging machine learning and AI to detect, analyze, and respond to advanced threats swiftly.

Which market segments does Secureworks serve?

Secureworks caters to a diverse clientele ranging from large enterprises to mid-market organizations, offering scalable and customizable security solutions that meet varying operational and regulatory needs.

How does Secureworks integrate vulnerability management with threat detection?

By combining vulnerability risk context with real-time threat intelligence, Secureworks provides a unified view that bridges gaps between security operations and vulnerability assessments, enabling faster investigation and remediation.

What key differentiates Secureworks from its competitors?

Secureworks stands out due to its deep threat intelligence foundation, cloud-native architecture, AI-driven automation, and its integrated approach that fuses threat detection with vulnerability management.

What role do partnerships play in Secureworks' strategy?

Strategic partnerships enhance its ability to integrate with existing client investments and extend its market reach, enabling Secureworks to continuously refine its solutions and address a wide array of cybersecurity challenges.