Why Cybersecurity Company SecureWorks Shares Are Seeing Blue Skies Today
Portfolio Pulse from Lekha Gupta
SecureWorks Corp. (NASDAQ:SCWX) shares surged 16.9% after reporting strong Q1 FY25 results. Revenue of $85.652 million beat estimates, driven by a 10% Y/Y growth in Taegis revenue. Adjusted EPS of $0.05 surpassed expectations, and the company provided a positive outlook for FY25.
June 06, 2024 | 5:18 pm
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SecureWorks Corp. (NASDAQ:SCWX) shares rose 16.9% following strong Q1 FY25 results. Revenue of $85.652 million beat estimates, driven by a 10% Y/Y growth in Taegis revenue. Adjusted EPS of $0.05 exceeded expectations, and the company provided a positive outlook for FY25.
The strong Q1 FY25 results, including revenue and EPS beats, along with positive future guidance, are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100