SecureWorks Corp (SCWX)

SecureWorks Corp (SCWX)

Postby winston » Tue Sep 13, 2016 11:36 am

not vested

Dark Horse IPO Picks: SecureWorks Corp (SCWX)

Secureworks Corp (NASDAQ:SCWX) is one of the few tech companies that has come public this year. Unfortunately, the stock is sitting just a little lower than its $14 IPO price from late April.

But this could be a nice opportunity for investors. As the name implies, Secureworks is a top player in the cybersecurity industry. Yet it is far from a startup. Keep in mind that the company’s roots go back to 1999.

No doubt, this history has been to the advantage of SCWX, which has built a solid platform that serves over 4,300 customers. The company has also been able to keep up a nice growth rate. In the latest quarter, revenues increased by 30% to $103.7 million.

At the heart of the SCWX technology is a sophisticated data analytics engine, which is called the Counter Threat Platform. It provides for real-time monitoring of client apps and data.

In fact, there are key integrations with cloud platforms like Amazon.com, Inc.’s (NASDAQ:AMZN). The main goal for SCWX: to identify threats before they enter a system.

But the end-game could be an M&A exit. Let’s face it, the tech world has had a swirl of dealmaking — and a key category has been security.

More importantly, there are various large operators, like Cisco Systems, Inc. (NASDAQ:CSCO), International Business Machines Corp. (NYSE:IBM) and Microsoft Corporation (NASDAQ:MSFT), that have been quite aggressive in buying up companies lately.

Source: Investor Place
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Re: SecureWorks Corp (SCWX)

Postby winston » Thu Jul 04, 2019 2:16 pm

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Secureworks (SCWX)

Secureworks (NASDAQ:SCWX) is one of the best stocks in the sector for traders. Secureworks focuses on software-driven solutions, predominantly through a SaaS (software-as-a-service) model.

And SCWX stock might be in play. Dell Technologies (NASDAQ:DELL) owns 86% of the company and is looking to pay down debt.

Reuters reported in February that Dell was considering a sale, which might make some sense. Secureworks isn’t as material to the Dell business as VMWare (NYSE:VMW) and it might perform better as an independent company or as part of a larger security provider.

Meanwhile, SCWX stock has pulled back of late and it looks cheap enough to garner some interest. Profits are still miniscule, but revenue is growing — and an acquirer might be willing to pay a premium to the current sub-3x price-to-sales multiple.

SCWX’s opportunity is solid enough on its own long-term, but there’s a decent chance a buyout offer could spike SCWX stock in 2019.

Source: Investor Place
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Re: SecureWorks Corp (SCWX)

Postby investar » Fri Jul 05, 2019 8:45 am

that BO rumor has been out there for years already

thanks for bringing the name up!
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Re: SecureWorks Corp (SCWX)

Postby investar » Thu Jul 18, 2019 12:12 am

Bought some 13$... hopefully 18 in Sep
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Re: SecureWorks Corp (SCWX)

Postby investar » Sat Aug 24, 2019 4:51 am

18 in Sep was wishful thinking :roll:

Bought a few more though at 11.33$

Probably near the bottom?
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Re: SecureWorks Corp (SCWX)

Postby investar » Thu Dec 19, 2019 3:24 am

Hmm. Almost 15$ again. Do we really want/need 18? It is doable for sure. Results were not that fantastic though.
Buyout (finally) would be the driver to +20
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Re: SecureWorks Corp (SCWX)

Postby investar » Tue Dec 24, 2019 5:04 am

There is the rumor again. And 17.7$. Is 20$ around the corner now or should I be happy with 18.8$?



(Bloomberg) -- Dell Technologies Inc, the computer company founded by Michael Dell, is considering buying the remaining outstanding shares in cybersecurity services operator Secureworks Corp, according to people with knowledge of the matter.

The Round Rock, Texas-based company is exploring making an offer for the remaining 13.8% of shares it doesn’t own of Secureworks and fully consolidating the business, said the people, who asked not to be identified because the matter is private.

No final decision has been made and Dell could elect not to proceed, the people said.

A Secureworks takeover would be a departure from Dell’s earlier plan to sell its stake in the company, the people added.

Representatives for Dell and Secureworks declined to comment.

Atlanta, Georgia-based Secureworks, which was founded in 1998, manages and outsources security services for corporate clients, according to its website. The company has been trying to develop its own cybersecurity and analytics software.

Dell owns 86.2% of Secureworks by holding the entirety of the company’s Class B shares as of Nov. 1, according to a filing. It also controls 98.4% of the company’s voting power.

Secureworks shares jumped 11.8% to $16.97 on Monday, giving the company a market capitalization of $1.4 billion. Dell shares were trading up 1.2% at $50.83.

Dell originally bought Secureworks in 2011, before taking the business public through an initial public offering in 2016. Secureworks shares are up slightly since its IPO and are down about 13% this year.

Since Dell listed its shares again on the public market in 2018, it has looked to reorganize its portfolio. Last month, it began exploring a sale of RSA Security, in deal it hopes could fetch more than $1 billion, according to people with knowledge of the matter.
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Re: SecureWorks Corp (SCWX)

Postby investar » Tue Dec 24, 2019 5:04 am

There is the rumor again. And 17.7$. Is 20$ around the corner now or should I be happy with 18.8$?



(Bloomberg) -- Dell Technologies Inc, the computer company founded by Michael Dell, is considering buying the remaining outstanding shares in cybersecurity services operator Secureworks Corp, according to people with knowledge of the matter.

The Round Rock, Texas-based company is exploring making an offer for the remaining 13.8% of shares it doesn’t own of Secureworks and fully consolidating the business, said the people, who asked not to be identified because the matter is private.

No final decision has been made and Dell could elect not to proceed, the people said.

A Secureworks takeover would be a departure from Dell’s earlier plan to sell its stake in the company, the people added.

Representatives for Dell and Secureworks declined to comment.

Atlanta, Georgia-based Secureworks, which was founded in 1998, manages and outsources security services for corporate clients, according to its website. The company has been trying to develop its own cybersecurity and analytics software.

Dell owns 86.2% of Secureworks by holding the entirety of the company’s Class B shares as of Nov. 1, according to a filing. It also controls 98.4% of the company’s voting power.

Secureworks shares jumped 11.8% to $16.97 on Monday, giving the company a market capitalization of $1.4 billion. Dell shares were trading up 1.2% at $50.83.

Dell originally bought Secureworks in 2011, before taking the business public through an initial public offering in 2016. Secureworks shares are up slightly since its IPO and are down about 13% this year.

Since Dell listed its shares again on the public market in 2018, it has looked to reorganize its portfolio. Last month, it began exploring a sale of RSA Security, in deal it hopes could fetch more than $1 billion, according to people with knowledge of the matter.
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Re: SecureWorks Corp (SCWX)

Postby investar » Sat Jan 11, 2020 5:15 am

There are no free lunches.

SCWX down to 16$ this week.
The cybersecurity industry is booming but some solid companies (like FTNT) take the biggest part of the pie.

Curious how this will evolve. 22$ buyout in Feb would be ideal :D
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Re: SecureWorks Corp (SCWX)

Postby investar » Thu Jan 23, 2020 4:22 am

Buyout or not, this is good news anyway:

https://newsfilter.io/a/7562f3afb0a3345 ... 45b2dd3469

RESTON, Va., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced that it has reached an agreement with Secureworks® (NASDAQ: SCWX), a leading cybersecurity company that keeps organizations safe in the digitally connected world, to distribute Secureworks’ managed network and endpoint security solutions to commercial organizations directly through Carahsoft and through the company’s reseller partners.

Can only bode well for the future!
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