|Bid||12.36 x 1300|
|Ask||14.95 x 900|
|Day's Range||13.55 - 13.85|
|52 Week Range||10.01 - 16.31|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 11, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.33|
Global channel program empowers partner community to combat cyberthreats at scale with Secureworks Taegis™ XDRATLANTA, March 29, 2021 (GLOBE NEWSWIRE) -- Secureworks® (NASDAQ:SCWX), a global leader in cybersecurity, today announced its Global Partner Program is recognized by CRN®, a brand of The Channel Company, in its 2021 Partner Program Guide. The 5-Star rating is awarded to an exclusive group of companies that offer solution providers the best of the best, going above and beyond in their partner programs. Secureworks Global Partner Program enables partners to deliver solutions and services on the Secureworks Taegis™ cloud native security analytics platform to create additional revenue streams and service offerings to protect customer growth while battling formidable adversaries together. Launched in May of 2020, Secureworks’ partner program has grown to more than 250 partners globally. The Secureworks Partner Program offers partners simplicity, flexibility and no tiering, with attractive financial incentives where permitted and a clearly defined enablement path. Secureworks Partners have access to training and are eligible for go-to-market support including Marketing Development Funds. Driven by increased market demand, in February 2021, Secureworks added a new MSSP track to the global partner program. The MSSP track empowers managed service providers (MSPs) to deliver managed security services to fight adversaries at scale and support customer requirements for digital transformation. Secureworks also added Professional services to the Solution Provider track. Our Solutions Partners now can deliver Secureworks Taegis™ ManagedXDR Premium Onboarding after earning the required competency. Secureworks Taegis is an open, security analytics platform that combines the power of human intellect with the efficiencies of cloud native software enabling better security outcomes and simpler security operations. XDR leverages Secureworks Taegis’ open, cloud native platform to unify detection and response across endpoint, network and cloud environments. Built on 20+years of industry-leading security expertise, the solution is differentiated by our advanced analytics, integrated threat visibility and community-applied intelligence. The platform delivers high-value technology solutions that are powered by AI-based detection and findings from 1400+ IR engagements to detect, investigate and respond to known and unknown attacks. “This honor from CRN is gratifying because it recognizes the hard work and dedication of our team members and partners over the past year,” said Maureen Perrelli, chief channel officer, Secureworks. “We created a partner program that is simple and flexible, but more importantly, one that rewards partners early and often to help them grow with us. This recognition confirms that, with our partners, we are able to outpace the adversary at scale with an open analytics platform that empowers the community to collectively defend against threats.” Each year CRN develops its Partner Program Guide to provide the channel community with a detailed look at the partner programs offered by IT manufacturers, software developers, service companies, and distributors. Vendors are scored based on investments in program offerings, partner profitability, partner training, education and support, marketing programs and resources, sales support, and communication. “As innovation continues to fuel the speed and intricacy of technology, solution providers need partners that can keep up and support their developing business,” said Blaine Raddon, CEO of The Channel Company. “CRN’s 2021 Partner Program Guide gives insight into the strengths of each organization’s program to recognize those that continually support and push positive change inside the IT channel.” The 2021 Partner Program Guide will be featured in the April 2021 issue of CRN and online at www.CRN.com/PPG. About SecureworksSecureworks (NASDAQ: SCWX) is a global cybersecurity leader that protects customer progress with Secureworks® Taegis™, a cloud-native security analytics platform built on 20+ years of real-world threat intelligence and research, improving customers’ ability to detect advanced threats, streamline and collaborate on investigations, and automate the right actions. About The Channel Company The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by nearly 40 years of unequalled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelcompany.com Follow The Channel Company: Twitter, LinkedIn, and Facebook. © 2021. CRN is a registered trademark of The Channel Company, LLC. All rights reserved. Use of the word “partner,” “partnership” or words of similar import does not imply a legal partnership between Secureworks and any other company. Media Contact:Derek Delano Secureworks+1 617-335-9516 firstname.lastname@example.org The Channel Company Contact:Jennifer HoganThe Channel Companyjhogan@thechannelcompany.com
Secureworks Taegis™ ManagedXDR received highest scores possible in time-to-value, managed response, collaboration, product vision and roadmap criteriaATLANTA, March 24, 2021 (GLOBE NEWSWIRE) -- Secureworks® (NASDAQ:SCWX), a leader in software-driven security solutions, has been named a Leader for its Taegis™ ManagedXDR solution in "The Forrester Wave™: Managed Detection and Response, Q1 2021” report. Secureworks was among a select group of 15 vendors that meet a stringent set of inclusion criteria. Providers were assessed on 19 criteria across three categories: current offering, strategy and market presence. Secureworks’ Taegis ManagedXDR received the highest scores possible in Forrester’s time-to-value, managed response, collaboration, product vision and roadmap assessment criteria. Secureworks was also recognized for its Counter Threat Unit™ (CTU) threat intelligence, MSS experience, and flexibility in managed response. “Secureworks’ MSS legacy helps, but its MDR platform is the real star,” said the report, authored by Jeff Pollard, VP, Principal Analyst at Forrester and Claire O’Malley, Researcher at Forrester. “Swinging an old services vendor to a platform-centric approach to MDR via [Taegis ManagedXDR] is no small feat, but Secureworks is making it happen…” The report continues, “…Secureworks has not abandoned its flagship delivery personnel and Counter Threat Unit threat intelligence…” Not surprisingly, its flexibility in managed response actions is a clear differentiator.” According to the report, “Client references mentioned speed and quality of response support, along with rapid iteration and innovation on the MDR platform, as strengths.” The report also cited Secureworks’ decades-long experience as a MSSP and noted, “Buyers with existing MSS relationships that want to begin the conversion to MDR, as well as those soured by the traditional MSSP delivery approach, should consider Secureworks’ [Taegis ManagedXDR] as a fresh alternative.” “Taegis ManagedXDR intentionally capitalizes on our vast experience running a security operations center and our deep understanding of the threat landscape,” said Stephen Fulton, chief product officer, Secureworks. “Collaboration is a fundamental design principle of Taegis ManagedXDR. Customers share the same user interface and experience as our own analysts, and with features like our ‘ask an expert’ integrated chat and collaborative investigations, customers can learn from our security experts to build their own resources and capabilities over time.” Secureworks received the highest possible score in the Forrester report in the collaboration criterion. Taegis ManagedXDR also received the highest possible score in the time-to-value criterion, which Secureworks believes is further validating the impact the solution is having on customers—a composite organization was found to experience benefits of nearly $3.6 million over three years and ROI of 413% according to a commissioned Total Economic Impact™ study conducted by Forrester Consulting on behalf of Secureworks. The Forrester Wave methodology assesses vendor qualifications through a combination of lab evaluations, questionnaires, demos, and/or discussions with client references. Click here to see the Forrester Wave graphic and download your complimentary copy of The Forrester Wave™: Managed Detection and Response, Q1 2021. Taegis ManagedXDR combines Secureworks’ security operations expertise and threat intelligence capabilities to detect and respond to attacks across cloud, endpoint and network environments. Taegis ManagedXDR provides customers with improved threat detection and enables rapid response with access to experienced security personnel, via built-in, real-time chat, who possess understanding of advanced adversaries and the global threat landscape. Additional Resources For a free, hands-on, 30-day trial of Secureworks Taegis™ visit: Start Your Free Trial | Secureworks About Secureworks Secureworks (NASDAQ: SCWX) is a global cybersecurity leader that protects customer progress with Secureworks® Taegis™, a cloud-native security analytics platform built on 20+ years of real-world threat intelligence and research, improving customers’ ability to detect advanced threats, streamline and collaborate on investigations, and automate the right actions. Connect with Secureworks via Twitter, LinkedIn and Facebook Read the Secureworks Blog Media Contact: Derek Delano Secureworks +1 617-335-9516 email@example.com Special Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933 and are based on Secureworks' current expectations. In some cases, you can identify these statements by such forward-looking words as "anticipate," "believe," "confidence," "could," "estimate," "expect," "guidance," "intend," "may," "plan," "potential," "outlook," "should," "will" and "would," or similar words or expressions that refer to future events or outcomes. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, competitive uncertainties and general economic and business conditions in Secureworks' markets as well as the other risks and uncertainties that are described in Secureworks' periodic reports and other filings with the Securities and Exchange Commission, which are available for review through the Securities and Exchange Commission's website at www.sec.gov. Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update any forward-looking statement after the date as of which such statement was made, whether to reflect changes in circumstances or our expectations, the occurrence of unanticipated events, or otherwise. Any future product, service, feature, benefit or related specification referenced in this press release are for information purposes only and are not commitments to deliver any technology or enhancement.
SCWX earnings call for the period ending January 29, 2021.