SecureWorks (SCWX) Stock

SecureWorks (SCWX) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to break-even earnings per share a year ago.

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating SecureWorks Corp. ( Nasdaq: SCWX ), relating to a proposed merger with Sophos Inc. Under the terms of the agreement, all SecureWorks shares will automatically be converted into the right to receive $8.50 in cash.

Cybersecurity firm Sophos, which is backed by private equity firm Thoma Bravo, said on Monday it will acquire Secureworks for $859 million in an all-cash deal to strengthen its cybersecurity offering for small, mid and enterprise customers.

News Summary Secureworks shareholders to receive $8.50 per share in cash Sophos intends to integrate solutions from both companies into a broader and stronger security portfolio for all small, mid- and enterprise customers By 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 faster The 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 global leaders of innovative security solutions for defeating cyberattacks, today announced a definitive agreement for Sophos to acquire Secureworks. The all-cash transaction is valued at approximately $859 million.

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 established 'top dog' of ransomware groups accounted for 17% of listings, down 8% from last year, proving even further how the takedown has impacted their operations.

SecureWorks Corp. (NASDAQ:SCWX ) Q2 2025 Earnings Conference Call September 5, 2024 1:30 PM ET Company Participants Kevin Toomey - VP of IR Wendy Thomas - CEO Alpana Wegner - CFO Conference Call Participants Hamza Fodderwala - Morgan Stanley Mike Cikos - Needham Saket Kalia - Barclays Madeline Brooks - Bank of America Securities Operator Good morning, my name is Carly and I'll be the conference operator for today. At this time I'd like to welcome everyone to the SecureWorks Second Quarter Fiscal 2025 Financial Results Conference Call.

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.

SecureWorks (SCWX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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.