SCWX Stock Summary and Trading Ideas (Secureworks Corp. - Class A | NASDAQ:SCWX)

SecureWorks Corp is a cybersecurity provider of technology-driven solutions singularly focused on protecting its customers by outpacing and outmaneuvering the adversary. The company offers its customers the following services; software-as-a-service, or SaaS, solutions, managed solutions, and professional services, including incident response and adversarial services. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real-time, prioritize and respond to security incidents, and predict emerging threats. The company's products consist of MDR, XDR, Threat Hunting, Log Management, NGAV, EDR, IDPS.

Secureworks Corp. - Class A trades on the NASDAQ stock market under the symbol SCWX.

As of March 4, 2025, SCWX stock price was flat at $8.51 with million shares trading.

SCWX has a beta of 0.18, meaning it tends to be less sensitive to market movements. SCWX has a correlation of 0.01 to the broad based SPY ETF.

SCWX has a market cap of $755.93 million. This is considered a Small Cap stock.

Last quarter Secureworks Corp. - Class A reported $83 million in Revenue and $.00 earnings per share. This beat revenue expectation by $1 million and met earnings estimates .

In the last 3 years, SCWX traded as high as $15.85 and as low as $5.28.

The top ETF exchange traded funds that SCWX belongs to (by Net Assets): VTI, VGT, VXF, VB, VBR.

SCWX has outperformed the market in the last year with a price return of +26.1% while the SPY ETF gained +13.9%. SCWX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +0.6% and 0.0%, respectively, while the SPY returned -4.2% and -5.4%, respectively.

SCWX support price is $8.51 and resistance is $8.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SCWX shares will trade within this expected range on the day.