|Over a month ago|
Secureworks appoints Tracey Mustacchio as CMO » 09:0206/2806/28/21
Secureworks announced the…
Secureworks announced the appointment of Tracey Mustacchio as its new Chief Marketing Officer. "As CMO, Mustacchio is leading Secureworks' global growth and marketing strategies at a pivotal time for the Company, as it combines its years of security expertise with a new security analytics and operations platform to help organizations detect, investigate, and respond to advanced threats more quickly and effectively," the company said. Mustacchio reports to incoming Secureworks CEO Wendy Thomas. Prior to Secureworks, she was interim Chief Marketing Officer for Carbonite and Webroot, taking them through their successful acquisition by Opentext.
Secureworks CEO Michael Cote to retire, Wendy Thomas to succeed » 07:0706/0306/03/21
Secureworks announced that CEO Michael Cote is retiring as CEO and a member of the Secureworks Board of Directors, effective Sept. 3, 2021. The Secureworks Board of Directors unanimously appointed Wendy Thomas, Secureworks' current President of Customer Success, as the company's next President and CEO, effective Sept. 3, 2021. Ms. Thomas first joined the Secureworks finance team in 2008, quickly expanding into leadership roles across strategy, operations, product, and customer success.
Secureworks sees 2022 adjusted EPS (4c)-(13c), consensus (28c) » 07:0506/0306/03/21
Revenue of $540 to $550…
Revenue of $540 to $550 million, reflecting our shift toward partner-delivered services as we scale our MSSP program, Consensus $540.67M. GAAP net loss of $48 to $57 million and $0.59 to $0.70 on a per share basis. Non-GAAP net loss of $3 to $10 million and $0.04 to $0.13 on a per share basis, primarily reflecting incremental investments in both R&D to extend the Taegis platform and in sales and marketing related to the expansion of our Partner Program and promotion of Taegis. Adjusted EBITDA in a range of $5 million negative to $5 million positive for the full year. Cash flow from operations to range from breakeven to a $10 million source of cash. Taegis ARR of at least $150 million at the end of fiscal year 2022, which implies Taegis revenue of $90 to $100 million for fiscal year 2022, as we ramp new customer acquisitions and accelerate the transition of existing customers looking to benefit from the additional capabilities offered by the new platform.
Secureworks sees Q2 adjusted EPS (3c)-0c, consensus (8c) » 07:0406/0306/03/21
Sees revenue $134M-$136M,…
Sees revenue $134M-$136M, consensus $134.56M.
Secureworks reports Q1 adjusted EPS 5c, consensus (3c) » 07:0306/0306/03/21
Reports Q1 revenue…
Reports Q1 revenue $139.5M, consensus $135.09M. "Secureworks' threat intelligence and security operations expertise remain in high demand as organizations face an increasingly complex and hostile threat environment," said Michael R. Cote, chief executive officer, Secureworks. "Our first quarter marked a strong start to the fiscal year. We made clear progress on our transformation with year over year Taegis growth of 191% in ARR, 213% in revenue and 400% in customers."
|Over a quarter ago|
Secureworks sees 2022 adjusted EPS (22c)-(31c), consensus 20c » 07:1203/1103/11/21
Sees 2022 revenue…
Sees 2022 revenue $535M-$545M, consensus $577.18M. Sees Taegis ARR of at least $150 million at the end of fiscal year 2022, which translates to Taegis revenue of $90 to $100 million for fiscal year 2022, as we ramp new customer acquisition and accelerate the transition of existing customers looking to benefit from the additional capabilities offered by the new platform.
Secureworks sees Q1 adjusted EPS (2c)-(4c), consensus 3c » 07:1103/1103/11/21
Sees revenue $134M-$136M,…
Sees revenue $134M-$136M, consensus $141.3M
Secureworks reports Q4 adjusted EPS 0c, consensus 1c » 07:1003/1103/11/21
Reports Q4 revenue…
Reports Q4 revenue $139.7M, consensus $138.48M. "The ability to outpace the adversary at scale requires an integrated, open analytics platform that empowers the community to collectively defend against threats," said Michael R. Cote, chief executive officer, Secureworks. "Nearly 400 customers around the world are now realizing the transformative power of that community through our cloud-native Taegis security analytics platform."
Fly Intel: Pre-market Movers » 09:0601/0801/08/21
STM, TSLA, ST, VIH, GSAT, CATM, SRPT, CERC, SCWX, BNGO, UBER, VLDR, ACIA, CSCO
Check out this morning's…
Secureworks price target raised to $15 from $14 at Morgan Stanley » 08:2901/0801/08/21
Morgan Stanley analyst…
Morgan Stanley analyst Hamza Fodderwala raised the firm's price target on Secureworks to $15 from $14 and keeps an Equal Weight rating on the shares. The recent nation-state cyberattack perpetrated against SolarWinds (SWI), often referred to as "SolarStorm," is a significant event that is likely to increase security spending and priority in a way similar to what was seen following the the major breaches of Target (TGT) and other large corporate entities in 2013 and 2014, argues the team at Morgan Stanley. Among the value added resellers the firm surveyed, 74% expect the SolarStorm attack to drive an increase to 2021 security budgets, the firm noted.