Tillkännagivande • Nov 21
SecureWorks Corp. to Report Q3, 2025 Results on Dec 04, 2024 SecureWorks Corp. announced that they will report Q3, 2025 results Pre-Market on Dec 04, 2024 Tillkännagivande • Oct 23
Sophos, Inc. entered into a definitive agreement to acquire SecureWorks Corp. (NasdaqGS:SCWX) from Dell Technologies Inc. (NYSE:DELL) and others for approximately $870 million. Sophos, Inc. entered into a definitive agreement to acquire SecureWorks Corp. (NasdaqGS:SCWX) from Dell Technologies Inc. (NYSE:DELL) and others for approximately $870 million on October 21, 2024. Under the terms of the agreement, Sophos intends to acquire SecureWorks in an all-cash transaction. SecureWorks shareholders will receive $8.50 per share in cash. In case of termination of the transaction under certain circumstances, SecureWorks will be required to pay Sophos a termination fee of $26,000,000. Sophos will be required to pay SecureWorks a termination fee of $52,000,000 under certain circumstances.
Consummation of the transaction is subject to certain customary conditions, including, but not limited to (i) SecureWorks receiving the Written Consent (which has been satisfied), and (ii) (a) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended and (b) the clearance or approval under certain specified antitrust laws and foreign investment laws. The board of directors of SecureWorks has unanimously approved the transaction. The board of directors of Sophos also approved the transaction. Dell Technologies Inc. approved the transaction by a written consent. The transaction is expected to close in early 2025.
Bradley C. Reed and Steven A. Page, Aaron H. Lorber, Amber Harezlak, Brian Ford, Daniel K. Zach, Jack Coles and Matthew Sinclair-Thomson of Kirkland & Ellis LLP are acting as legal counsel to Sophos and Goldman Sachs & Co. LLC., Barclays, BofA Securities, HSBC Securities (USA) Inc. and UBS Investment Bank are acting as financial advisors and providing debt financing for the transaction. Piper Sandler & Company and Morgan Stanley & Co. LLC are acting as financial advisors to Secureworks and Scott A. Barshay and Laura C. Turano, Dotun Obadina, John Kennedy, Patricia Vaz de Almeida, Bruce Gruder, Jason Tyler, Nathan Mitchell, Jarrett Hoffman, Sasha Belinkie, Jonathan Ashtor, Matthew Rosenberg and Brian Krause of Paul, Weiss, Rifkind, Wharton & Garrison LLP are acting as legal counsel. Wells Fargo Corporate & Investment Banking acted as financial advisor to SecureWorks. The board of directors of SecureWorks received a fairness opinion from Piper Sandler & Co. and Morgan Stanley & Co. LLC. Reported Earnings • Sep 06
Second quarter 2025 earnings released: US$0.17 loss per share (vs US$0.38 loss in 2Q 2024) Second quarter 2025 results: US$0.17 loss per share (improved from US$0.38 loss in 2Q 2024). Revenue: US$82.2m (down 12% from 2Q 2024). Net loss: US$14.7m (loss narrowed 55% from 2Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 25% per year. Tillkännagivande • Aug 31
Dell Reportedly Trying Again to Sell Cybersecurity Firm SecureWorks Dell Technologies Inc. (NYSE:DELL) is again exploring a possible sale of SecureWorks Corp. (NasdaqGS:SCWX), after unsuccessful earlier attempts to find a buyer for the U.S. cybersecurity firm, according to people familiar with the matter. Round Rock, Texas-based Dell, founded by CEO Michael Dell, has tapped investment bankers at Morgan Stanley and Piper Sandler to gauge takeover interest from potential acquirers, which include private equity firms, the sources said, requesting anonymity as the discussions are confidential. A deal for SecureWorks, which has a market value of about $800 million, is not guaranteed and Dell could choose to maintain ownership of the company, the sources added. SecureWorks shares jumped as much as 34% following the exclusive Reuters report, then pared gains. Dell, which has shed many non-core assets in recent years, owns 79.2% of SecureWorks by holding all of the company's class B shares, according to recent filings. It also controls 97.4% of the company's voting stock through the dual class shares. Dell explored a sale of SecureWorks in 2019, part of an effort to trim the computer maker's debt pile, Reuters reported at the time. Atlanta, Georgia-based SecureWorks, which was founded in 1998, offers security services that aim to protect corporations from cyberattacks. The company's cloud-based platform Taegis helps detect advanced threats, according to its website. A SecureWorks spokesperson declined to comment on the sale process, adding that the company was "focused on serving our stakeholders and advancing our mission to secure human progress with Taegis." Dell and Piper Sandler declined to comment, while Morgan Stanley did not respond to requests for comment. Dell acquired SecureWorks for $612 million in 2011, before listing its shares through an initial public offering in New York in 2016. Tillkännagivande • Aug 16
SecureWorks Corp. to Report Q2, 2025 Results on Sep 05, 2024 SecureWorks Corp. announced that they will report Q2, 2025 results Pre-Market on Sep 05, 2024 Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Bill Cary was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$38m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$70m net loss next year). Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Tillkännagivande • Jun 08
SecureWorks Corp. Provides Earnings Guidance for the Second Quarter of Fiscal 2025 and Fiscal Year 2025 SecureWorks Corp. provided earnings guidance for the second quarter of fiscal 2025 and fiscal year 2025. For the quarter, the company expected revenue of $80 million to $82 million.For the year, the company expected total revenue of $325 million to $335 million. Reported Earnings • Jun 07
First quarter 2025 earnings released: US$0.42 loss per share (vs US$0.36 loss in 1Q 2024) First quarter 2025 results: US$0.42 loss per share (further deteriorated from US$0.36 loss in 1Q 2024). Revenue: US$85.7m (down 9.3% from 1Q 2024). Net loss: US$36.1m (loss widened 17% from 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 9.6% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 09
Secureworks® Releases of Secureworks Taegis™ NDR Secureworks® announced the release of Secureworks Taegis™ NDR, to stop nefarious threat actors from traversing the network. The dominance of cloud applications and remote working has created an explosion in network traffic, up over 20% from 2023 to 2024. Adversaries are taking advantage of these increased volumes to lurk unseen and slip past defenses. Taegis NDR leverages AI to uncover hidden threats, integrating threat prevention, detection and response to halt malicious activity on the network. Secureworks data, as measured across the company's global customer base, shows that Taegis NDR can block 99% of malicious activity identified on the network. With threat actors obfuscating their behavior, legacy network controls such as IDPs and firewalls are no longer able to keep pace or offer sufficient protection against evolving adversarial tactics. Organizations need a multi-layered cybersecurity strategy. Taegis NDR provides a complete picture of all internal traffic moving between endpoints as well as traffic entering and exiting the network at the edge. This visibility is crucial to identifying the presence of threat actors and how they are moving within the network. When integrated with the Taegis XDR platform, NDR correlates telemetry across different threat vectors to detect adversarial behavior that would otherwise be analyzed in silos and potentially missed. Generally available, and fully integrated with the Taegis platform, key features of Taegis NDR include: The flexibility to inspect all network traffic and choose to block immediately or be alerted to malicious traffic. The ability to continuously analyze network telemetry with deep packet inspection (DPI), without impacting network performance. 24/7 protection leveraging global real-world threat intelligence and expertly tuned countermeasures from Secureworks Counter Threat Unit™ (CTU™). Anomalous application and port usage detection powered by AI engine. Full device management, eliminating the burden on in-house teams as it includes all updates, patches, as well as hardware and software refreshes. Detailed change reporting reflecting daily management of countermeasures applied to secure the network helps organizations comply with audit requirements. A daily audit of NDR detections and emergency detection updates for urgent situations. The capability to be deployed both physically and virtually based on customer needs and budget. Tillkännagivande • Apr 24
Secureworks Leads with Advanced Integration of Threat Detection and Vulnerability Risk for Expedited Threat Solution Secureworks announced the ability to integrate vulnerability risk context with threat detection to prevent attackers from exploiting known vulnerabilities and expedite response times, improving an organization's security posture. The integration between Taegis™ XDR and Taegis VDR enables customers and partners to view known vulnerabilities in the context of threat data to accelerate investigation and remediation plans. Taegis is the first security platform to link the two worlds - risk-based vulnerability management with superior threat detection and response. V vulnerabilities account for one-third of breaches according to the Secureworks Counter Threat Unit™ (CTU™). Despite this, threat detection and response and vulnerability management functions have historically operated in silos, creating security blind spots. By integrating vulnerability context and workflows with threat detection, investigation, and response activities into a single view, Secureworks closes these gaps for IT and SecOps teams. As a result, Taegis creates a more resilient and responsive security environment for analysts to prevent, detect, prioritize and respond to threats, ultimately reducing risk to organizations. Taegis VDR and Taegis XDR both use Machine Learning (ML)-based prioritization algorithms to continuously improve over time. The combination of the two systems into a single, integrated platform improves upon both use cases by sharing additional information about assets that are vulnerable and those that are observing malicious activity. It also eliminates the need for security analysts to swivel between toolsets when examining the risksposed by vulnerabilities and threats, which can be a manual and time-consuming process. Leveraging a unified platform that can ingest and correlate data from both sources allows security analysts to achieve more detailed and rapid analyses. This, in turn, facilitates swifter remediation actions that not only halt adversaries but also strengthen the organization's defenses against future threats. Board Change • Mar 26
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Buno Pati was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 14
Full year 2024 earnings released: US$1.00 loss per share (vs US$1.36 loss in FY 2023) Full year 2024 results: US$1.00 loss per share (improved from US$1.36 loss in FY 2023). Revenue: US$365.9m (down 21% from FY 2023). Net loss: US$86.0m (loss narrowed 25% from FY 2023). Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Software industry in Germany are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 14
Secureworks Corp. Provides Financial Guidance for the First Quarter and Full Fiscal Year 2025 SecureWorks Corp. provided financial guidance for the first quarter and full fiscal year 2025. For the first quarter of fiscal 2025, the company expects revenue of $83 million to $85 million.For the full fiscal year 2025, the company expects total revenue of $325 million to $335 million. Buy Or Sell Opportunity • Feb 28
Now 20% undervalued Over the last 90 days, the stock has risen 17% to €6.10. The fair value is estimated to be €7.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 62%. Revenue is forecast to decline by 7.7% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Tillkännagivande • Feb 23
SecureWorks Corp. to Report Q4, 2024 Results on Mar 14, 2024 SecureWorks Corp. announced that they will report Q4, 2024 results Pre-Market on Mar 14, 2024 Reported Earnings • Dec 08
Third quarter 2024 earnings released: US$0.17 loss per share (vs US$0.33 loss in 3Q 2023) Third quarter 2024 results: US$0.17 loss per share (improved from US$0.33 loss in 3Q 2023). Revenue: US$89.4m (down 19% from 3Q 2023). Net loss: US$14.4m (loss narrowed 49% from 3Q 2023). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Software industry in Germany are expected to grow by 7.9%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Tillkännagivande • Dec 08
Secureworks Corp. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2024 Secureworks Corp. provided earnings guidance for the fourth quarter and fiscal year 2024. For the fourth quarter of fiscal 2024, the company expects: revenue of $86 million to $88 million. GAAP net loss per share of $0.16 to $0.18.Fiscal year 2024, the company expects total revenue of $363 million to $365 million. GAAP net loss per share of $1.06 to $1.08. GAAP net lossof $91 million to $93 million. Tillkännagivande • Nov 17
SecureWorks Corp. to Report Q3, 2024 Results on Dec 07, 2023 SecureWorks Corp. announced that they will report Q3, 2024 results Pre-Market on Dec 07, 2023 New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$96m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$76m net loss next year). Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Sep 08
Second quarter 2024 earnings released: US$0.38 loss per share (vs US$0.29 loss in 2Q 2023) Second quarter 2024 results: US$0.38 loss per share (further deteriorated from US$0.29 loss in 2Q 2023). Revenue: US$93.0m (down 20% from 2Q 2023). Net loss: US$32.4m (loss widened 31% from 2Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 08
SecureWorks Corp. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2024 SecureWorks Corp. provided earnings guidance for the third quarter and full year of fiscal 2024. For the third quarter of fiscal 2024, the company expects revenue of $88 million to $90 million and GAAP net loss per share of $0.21 to $0.23 and non-GAAP net loss per share of $0.05 to $0.07.For the full fiscal year 2024, the company expects total revenue of $360 million to $368 million. GAAP net loss to be $94 million to $99 million or $1.09 to $1.15 loss per share. Tillkännagivande • Aug 18
SecureWorks Corp. to Report Q2, 2024 Results on Sep 07, 2023 SecureWorks Corp. announced that they will report Q2, 2024 results Pre-Market on Sep 07, 2023 Tillkännagivande • Jun 25
SecureWorks Corp.(NasdaqGS:SCWX) dropped from Russell 2000 Dynamic Index SecureWorks Corp.(NasdaqGS:SCWX) dropped from Russell 2000 Dynamic Index New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$75m net loss next year). Share price has been volatile over the past 3 months (8.1% average weekly change). Tillkännagivande • Jun 09
SecureWorks Corp. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2024 SecureWorks Corp. provided earnings guidance for the second quarter and full fiscal year 2024. For the quarter, Company expects Revenue of $90 million to $92 million. GAAP net loss per share of $0.32 to $0.34. For the full year, Company expects Total revenue of $380 million to $400 million. GAAP net loss of $87 million to $95 million or GAAP net loss of per share $1.02 to $1.11. Reported Earnings • Jun 08
First quarter 2024 earnings released: US$0.36 loss per share (vs US$0.26 loss in 1Q 2023) First quarter 2024 results: US$0.36 loss per share (further deteriorated from US$0.26 loss in 1Q 2023). Revenue: US$94.4m (down 22% from 1Q 2023). Net loss: US$31.0m (loss widened 43% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • May 01
Insider recently bought €268k worth of stock On the 27th of April, Neil Gagnon bought around 33k shares on-market at roughly €8.20 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 24
Insider recently bought €167k worth of stock On the 20th of April, Neil Gagnon bought around 20k shares on-market at roughly €8.32 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 10
Insider recently bought €75k worth of stock On the 5th of April, Neil Gagnon bought around 10k shares on-market at roughly €7.55 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €136k. Insiders have collectively bought €1.4m more in shares than they have sold in the last 12 months. Reported Earnings • Mar 24
Full year 2023 earnings released: US$1.36 loss per share (vs US$0.48 loss in FY 2022) Full year 2023 results: US$1.36 loss per share (further deteriorated from US$0.48 loss in FY 2022). Revenue: US$463.5m (down 13% from FY 2022). Net loss: US$114.5m (loss widened 188% from FY 2022). Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Software industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Feb 10
Insider recently bought €136k worth of stock On the 7th of February, Neil Gagnon bought around 17k shares on-market at roughly €8.00 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 24
Insider recently bought €79k worth of stock On the 21st of December, Neil Gagnon bought around 15k shares on-market at roughly €5.36 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Reported Earnings • Dec 02
Third quarter 2023 earnings released: US$0.33 loss per share (vs US$0.15 loss in 3Q 2022) Third quarter 2023 results: US$0.33 loss per share (further deteriorated from US$0.15 loss in 3Q 2022). Revenue: US$110.9m (down 17% from 3Q 2022). Net loss: US$28.1m (loss widened 119% from 3Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Tillkännagivande • Nov 16
SecureWorks Corp. to Report Q3, 2023 Results on Dec 01, 2022 SecureWorks Corp. announced that they will report Q3, 2023 results Pre-Market on Dec 01, 2022 Tillkännagivande • Oct 11
Secureworks Launches Taegis™ XDR Platform in Japan as Threat from Ransomware Escalates Secureworks announced that its extended detection and response (XDR) platform Taegis™ will be generally available in Japan from November 1, 2022. Secureworks Taegis XDR and Taegis ManagedXDR will enable organizations in Japan to augment their overall cybersecurity posture and reduce cyber risk. Taegis' open, interoperable technology architecture enables an integrated and more advanced approach to cybersecurity as companies face a relentless and ever evolving threat landscape. Taegis is a cloud-native, holistic security solution that enables superior threat detection and unmatched rapid response. With its open approach, Taegis integrates feeds from third party tools that are normalized and analyzed, along with the company own proprietary data and threat intelligence, in real time, to help identify and resolve threats. This enables organizations to empower their security analysts to cut through the noise of alerts, prioritize the most serious events, and reduce risk. Taegis ManagedXDR, the company Managed Detection and Response (MDR) offering, includes proactive threat hunting and incident response capabilities in a fully managed solution, to help customers protect existing investments in IT and security technology. From November 1, 2022 the company will make generally available a version of the Taegis platform that has been specifically designed for the Japanese market, supported by local security experts from the company's Tokyo-based SOC and growing incident response team. Customers in Japan can join the 4,800 the company customers globally in implementing a proven security solution with Taegis XDR. Reported Earnings • Sep 02
Second quarter 2023 earnings released: US$0.29 loss per share (vs US$0.14 loss in 2Q 2022) Second quarter 2023 results: US$0.29 loss per share (down from US$0.14 loss in 2Q 2022). Revenue: US$116.2m (down 13% from 2Q 2022). Net loss: US$24.7m (loss widened 110% from 2Q 2022). Over the next year, revenue is expected to shrink by 4.6% compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 02
SecureWorks Corp. Provides Earnings Guidance for the Third Quarter and Fiscal Year of 2023 SecureWorks Corp. provided earnings guidance for the third quarter and fiscal year of 2023. For the quarter, Company expects Revenue of $111 million to $113 million. GAAP net loss per share of $0.36 to $0.38. For the year, Company expects Total revenue of $458 million to $465 million. GAAP net loss $110 million to $114 million or $1.30 to $1.35 per share. Tillkännagivande • Aug 17
SecureWorks Corp. to Report Q2, 2023 Results on Sep 01, 2022 SecureWorks Corp. announced that they will report Q2, 2023 results Pre-Market on Sep 01, 2022 Tillkännagivande • Jul 13
Secureworks Appoints Michael Aiello as Chief Technology Officer Secureworks 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. Aiello has over 20 years' experience in the technology sector. During his career, he has been a driving force for security and data privacy initiatives. He joins Secureworks most recently from HUMAN Security, where he served as Chief Product Officer leading product development and strategy, helping to double the company's growth rate in 2021. Before assuming his role at HUMAN, Aiello led Google Cloud's security, privacy and data protection product areas. Previously, he was Chief Information Security Officer (CISO) at Goldman Sachs, leading security for the consumer and commercial bank. The open platform is powered by more than 20 years of real-world-threat data and investigations across thousands of customers. Every day Secureworks helps customers in more than 80 countries defend their business against increasingly sophisticated adversaries. Recent Insider Transactions • Jul 01
Insider recently bought €459k worth of stock On the 28th of June, Neil Gagnon bought around 43k shares on-market at roughly €10.62 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €671k more in shares than they have sold in the last 12 months. Reported Earnings • Jun 03
First quarter 2023 earnings released: US$0.26 loss per share (vs US$0.078 loss in 1Q 2022) First quarter 2023 results: US$0.26 loss per share (down from US$0.078 loss in 1Q 2022). Revenue: US$121.0m (down 13% from 1Q 2022). Net loss: US$21.6m (loss widened 238% from 1Q 2022). Over the next year, revenue is expected to shrink by 5.8% compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Tillkännagivande • Jun 03
Secureworks Corp. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2023 SecureWorks Corp. provided earnings guidance for the second quarter and full fiscal year 2023. For the second quarter, the company expects Revenue of $115 million to $117 million and net loss per share of $0.30 to $0.32.For the year, the company expects total revenue of $475 million to $490 million and net loss of $107 million to $114M million. Tillkännagivande • May 18
SecureWorks Corp. to Report Q1, 2023 Results on Jun 02, 2022 SecureWorks Corp. announced that they will report Q1, 2023 results Pre-Market on Jun 02, 2022 Tillkännagivande • May 12
SecureWorks Corp., Annual General Meeting, Jun 21, 2022 SecureWorks Corp., Annual General Meeting, Jun 21, 2022, at 12:00 US Eastern Standard Time. Agenda: To elect to the board of directors the two nominees specified in the accompanying proxy statement to serve as class iii directors, each for a three-year term expiring at the 2025 annual meeting of stockholders or until such director’s successor is duly elected and qualified; to ratify the appointment of pricewaterhousecoopers llp as secureworks’ independent registered public accounting firm for the fiscal year ending february 3, 2023; to approve, on a non-binding, advisory basis, the compensation of secureworks’ named executive officers as disclosed in the accompanying proxy statement; and to vote on a non-binding, advisory basis on whether secureworks should hold a non-binding, advisory vote by stockholders to approve the compensation of secureworks’ named executive officers every 1 year, every 2 years or every 3 years. Reported Earnings • Mar 19
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: US$0.48 loss per share (down from US$0.27 loss in FY 2021). Revenue: US$535.2m (down 4.6% from FY 2021). Net loss: US$39.8m (loss widened 82% from FY 2021). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 9.7% compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 03
SecureWorks Corp. to Report Q4, 2022 Results on Mar 17, 2022 SecureWorks Corp. announced that they will report Q4, 2022 results Pre-Market on Mar 17, 2022 Reported Earnings • Dec 03
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: US$0.15 loss per share (down from US$0.044 loss in 3Q 2021). Revenue: US$133.7m (down 5.6% from 3Q 2021). Net loss: US$12.9m (loss widened 257% from 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 1.2% compared to a 33% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Tillkännagivande • Dec 03
SecureWorks Corp. Provides Earnings Guidance for Fiscal 2022 SecureWorks Corp. provided earnings guidance for fiscal 2022. For the period, the company expects revenue in the range of $128 million to $130 million. GAAP net loss per share of $0.24 to $0.23. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Buno Pati was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Buno Pati was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 03
Second quarter 2022 earnings released: US$0.14 loss per share (vs US$0.015 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: US$134.2m (down 3.1% from 2Q 2021). Net loss: US$11.8m (loss widened US$10.5m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Jun 05
First quarter 2022 earnings released: US$0.078 loss per share (vs US$0.093 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: US$139.5m (down 1.2% from 1Q 2021). Net loss: US$6.39m (loss narrowed 15% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 04
SecureWorks Corp. Provides Earnings Guidance for the Second Quarter Ending July 30, 2021 and Full Year Ending January 28, 2022 SecureWorks Corp. provided earnings guidance for the second quarter ending July 30, 2021 and full year ending January 28, 2022. For the quarter, the company expects revenue to be in the range of $134 million to $136 million and GAAP net loss per share of $0.13 to $0.15.
For the full year, the company expects revenue to be in the range of $540 million to $550 million, GAAP net loss to be in the range of $48 million to $57 million and $0.59 to $0.70 on a per share basis. Tillkännagivande • Apr 27
Dell Technologies Safeguards IT Environments with New Security Service Powered by Secureworks Dell Technologies and Secureworks announce a new subscription-based service from Dell that secures and protects customers' IT environments against cybersecurity threats and provides remediation. The new Dell Technologies Managed Detection and Response powered by Secureworks® Taegis™XDR provides 24/7 security across endpoint devices, data center networks and cloud environments, improving customers' security posture while significantly reducing the burden on IT teams. How Managed Detection and Response Service Works - Dell Technologies Managed Detection and Response utilizes Secureworks Taegis XDR software to monitor, detect, investigate and automate response to threats across the entire IT environment, applying analytics gleaned from threat data across thousands of customers. Dell Technologies assists customers in deploying Taegis security controls and integration of technologies across their data sources. When a threat arises, expert security analysts investigate and provide recommended actions and step-by-step instructions to contain and remediate them. Designed for organizations with 50 endpoints or more, this service combines the power of the Secureworks Taegis security analytics platform and the expertise of Dell Technologies security analysts, gained through years of helping organizations worldwide to better protect their businesses. The Power of Taegis XDR - Taegis XDR is a cloud-native SaaS solution that blends more than 20 years of Secureworks' threat intelligence and research, including data from 1,400+ incident response engagements in the last year. It uses advanced analytics to improve customers' ability to detect advanced threats, streamline and collaborate on investigations, and automate the right actions. Dell Technologies Managed Detection and Response powered by Secureworks Taegis XDR is available in North America through Dell ProManage and as a standalone service globally on May 10. Reported Earnings • Mar 13
Full year 2021 earnings released: US$0.27 loss per share (vs US$0.39 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: US$561.0m (up 1.5% from FY 2020). Net loss: US$21.9m (loss narrowed 31% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is forecast to stay flat compared to a 24% growth forecast for the Software industry in Germany. Tillkännagivande • Feb 20
SecureWorks Corp. to Report Q4, 2021 Results on Mar 11, 2021 SecureWorks Corp. announced that they will report Q4, 2021 results Pre-Market on Mar 11, 2021 Is New 90 Day High Low • Feb 05
New 90-day high: €12.20 The company is up 40% from its price of €8.70 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.61 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €10.40 The company is up 4.0% from its price of €10.00 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.37 per share. Tillkännagivande • Dec 10
SecureWorks Corp. Announces Additional Security Solutions Availability in Aws Marketplace Secureworks® announcing the immediate availability of several security services in addition to its security analytics software in AWS Marketplace – a curated digital catalog with thousands of software listings from independent software vendors that makes it easy to find, test, buy, and deploy software that runs on AWS. Secureworks is one of the first providers to quote and contract services in AWS Marketplace to help customers implement, support, and manage their software on AWS. These extended services include: Secureworks’ Managed Detection and Response (MDR), a powerful managed solution that brings together its Threat Detection and Response (TDR) software with 24x7 coverage by experienced security operations personnel. Secureworks' Cloud Security Architecture Assessment, which delivers in-depth, expert-driven assessments to ensure companies get the most out of their cloud security investments. Secureworks’ Incident Management Retainer, which provides on-demand access to incident response specialists who prepare for and respond to complex cyber events 24x7. Secureworks’ Emergency Incident Response, the fastest way to obtain help with security incidents in progress across the enterprise. With these expanded offerings in AWS Marketplace, Secureworks continues with its commitment to give customers and partners broader access to its security solutions through the more flexible purchasing options AWS Marketplace provides. With a cloud-native security analytics platform, Secureworks provides advanced threat detection and response along with cloud-relevant services, incident response, and managed security services, all designed to help customers secure their modern cloud-based environments. Reported Earnings • Dec 04
Third quarter 2021 earnings released: US$0.044 loss per share The company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2021 results: Revenue: US$141.6m (flat on 3Q 2020). Net loss: US$3.61m (loss narrowed 54% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Dec 04
Revenue beats expectations Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 2.4%, compared to a 13% growth forecast for the Software industry in Germany. Tillkännagivande • Dec 02
SecureWorks to Deliver New Threat Detection and Response Security Analytics Features to Address Customer Requirements for Siem Alternative Secureworks® is delivering on its commitment to protect customers with flexible log collection and retention; a new search query language and flexible reporting; and custom use case support and alert customization capabilities on its cloud-native security analytics application, Threat Detection and Response (TDR). The announced improvements to Secureworks’ TDR directly address customers’ needs for a compelling SIEM alternative. Now, security operations teams can detect, investigate and respond to security incidents with greater detection visibility. They can also proactively hunt for, and gain actionable insights on, both known and unknown threats. Secureworks’ TDR takes a holistic approach to security with superior detection and remediation capabilities informed and enriched by threat intelligence, machine learning, and integrations with a variety of 3rd-party point products. Security operations teams require data collection and retention flexibility to make informed decisions and power better business outcomes. In response to this need, Secureworks’ TDR supports the ingest and normalization of a growing list of supported data sources, including Endpoint, Network, Cloud and Business Systems, and is expanding capabilities to support additional data sources when investigating incidents. TDR will now support the collection and storage of raw data from any syslog-based log source in investigations, reporting and enrichment activities. This support, coupled with expanded retention options, allows TDR buyers the data retention flexibility they need to power business outcomes in addition to TDR’s existing security investigation capabilities. These latest improvements also help practitioners and IT professionals understand the health of their data sources in TDR, which further establishes TDR as a trusted analytics solution. Secureworks is enhancing TDR’s flexible search and reporting capabilities to help security operations leaders and administrators quickly find the data they need, and more easily share insights across the organization to improve communication and decision making in an increasingly complex threat environment. Building on application capabilities, such as storage of normalized data which have been embedded in the application since its launch in 2019, these latest enhancements deliver an improved intuitive data query experience, allowing users to search across all raw data up to three years, including custom log sources, and use search results for on demand, export or scheduled reports. Secureworks’ TDR will have new and improved alert customization and suppression capabilities, with custom detection rules for Secureworks supported data sources. This extension enables security operations teams to customize the software application to better fit their varying security use cases. Tillkännagivande • Nov 13
SecureWorks Corp. to Report Q3, 2021 Results on Dec 03, 2020 SecureWorks Corp. announced that they will report Q3, 2021 results at 9:00 AM, Eastern Standard Time on Dec 03, 2020 Is New 90 Day High Low • Oct 06
New 90-day low: €9.65 The company is down 6.0% from its price of €10.30 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.44 per share. Tillkännagivande • Sep 24
SecureWorks Corp. (NasdaqGS:SCWX) completed the acquisition of Delve Laboratories Inc. SecureWorks Corp. (NasdaqGS:SCWX) entered into a definitive agreement to acquire Delve Laboratories Inc. for approximately $15.5 million on September 8, 2020. The consideration consists of cash payment. The completion of transaction is subject to customary closing conditions. The acquisition is expected to close during the third quarter of fiscal 2021.
SecureWorks Corp. (NasdaqGS:SCWX) completed the acquisition of Delve Laboratories Inc. on September 22, 2020. Tillkännagivande • Sep 23
SecureWorks Corp. (NasdaqGS:SCWX) entered into a definitive agreement to acquire Delve Laboratories Inc. for approximately $15.5 million. SecureWorks Corp. (NasdaqGS:SCWX) entered into a definitive agreement to acquire Delve Laboratories Inc. for approximately $15.5 million on September 8, 2020. The consideration consists of cash payment. The completion of transaction is subject to customary closing conditions. The acquisition is expected to close during the third quarter of fiscal 2021.