Tag: SecureWorks Corp.

  • SecureWorks (SCWX) Stock Jumps As Earnings Report Highlights Strategic Progress

    SecureWorks (SCWX) Stock Jumps As Earnings Report Highlights Strategic Progress

    SecureWorks Corp. (NASDAQ: SCWX) shares are experiencing a notable surge on the US stock market following the release of recent earnings report. As of the last check during current-market session, SCWX stock was trading at $6.82, representing a 16.58% increase.

    Financial Performance And Strategic Shifts

    For the first quarter of fiscal 2025, SecureWorks (SCWX) reported total revenue of $85.7 million, a decrease from the $94.4 million recorded in the same period of fiscal 2024. This decline in revenue reflects the company’s strategic decision to phase out its legacy Other Managed Security Services (MSS) business.

    Despite this, the quarter was marked by significant progress, including the launch of new product capabilities aimed at mitigating high-risk attack vectors. Furthermore, SecureWorks expanded its Global Partner program by adding two prominent partners in Japan.

    Innovation And Expansion With Taegis

    Over time, the Taegis platform from SecureWorks has become the go-to option for customers looking to reduce costs, lower risks, and improve their IT infrastructure. With its open platform strategy for Extended Detection and Response (XDR), Taegis is well-known for setting the standard for international security results in the sector.

    This innovative platform has not only benefitted SecureWorks’ partner community but has also driven business growth. The continuous expansion of the Taegis gross margin underscores SecureWorks’ commitment to operational efficiency, driven by investments in artificial intelligence and distinctive cloud architecture.

    These efforts have consistently delivered robust security outcomes for their customers. SecureWorks introduced Taegis Network Detection and Response (NDR), a fully managed cloud-based offering that provides on-premises protection. This service utilizes artificial intelligence to identify hidden threats and integrates threat prevention, detection, and response to prevent malicious activities within networks.

    Additionally, SecureWorks has enhanced the integration between Taegis XDR and Taegis Vulnerability Detection and Response (VDR), allowing customers and partners to view known vulnerabilities in the context of threat data, thereby expediting investigation and remediation plans.

    Softbank Corp., a major international telecommunications corporation, has joined SecureWorks’ Global Managed Security Service Provider (MSSP) Partner Program, which has been greatly enlarged. Through this cooperation, Taegis XDR platform-powered Managed Detection and Response (MDR) services would be made available.

  • Top 20 Stocks In Software – Infrastucture Industry

    Top 20 Stocks In Software – Infrastucture Industry

    With the increase in the advancement in technologies, the software industry is starting booming. Increasing demands for advanced software are also expected to fuel the market. Software is everywhere and this industry is considered to be an important industry as it engaged in the development of new software that provides the best services to the clients.

    This industry is huge and there are various opportunities in this industry that can be explored to grow our business. New technological advancements, new products, and a competitive market stimulated the growth of any industry. We all are well aware that the software industry is also changing every year, every month, every week, and even every day to meet the needs of their customers.  There are various opportunities in this industry one can get to grow its business.

    Check out the top 20 leading companies in the software infrastructure industry:

    Taoping Inc. (NASDAQ: TAOP)

    Taoping Inc. (NASDAQ: TAOP) Shares headed rising, higher as much as 1.44%. Taoping Inc. (TAOP) has disclosed its unaudited financial results for the six months ended June 30, 2020. Revenue was $3.7 million for the first six months of 2020, a decrease of $3.4 million, compared to $7.1 million for the same period last year. It has a market capitalization of $20.78 million at the time of writing.

    Priority Technology Holdings Inc. (NASDAQ: PRTH)

    Priority Technology Holdings Inc. (NASDAQ: PRTH) fall -4.08% after losing more than -$0.13 on Monday. Priority Technology Holdings Inc. (PRTH) disclosed that it is scheduled to participate in a virtual event as part of Alliance Global Partners’ Tech Talk series. Tom Priore, Chairman and Chief Executive Officer of Priority, will take part in a fireside chat at 11:00 a.m. EDT on October 8, 2020.

    CYREN Ltd. (NASDAQ: CYRN)

    CYREN Ltd. (NASDAQ: CYRN) last closed at $1.01, in a 52-week range of $0.31 to $1.97. CYREN Ltd. (CYRN)  has earlier revealed that it has been included as a representative vendor in Gartner’s 2020 Market Guide for Email Security, which was published on September 8, 202. The company has a total market capitalization of $61.32 million at the time of writing. Looking at its profitability its has a return on assets of -25.00%, return on equity of -75.50%, and return on investment of -50.60%.

    Synacor Inc. (SYNC)

    Synacor Inc. (SYNC) last closed at $1.52, in a 52-week range of $0.79 to $1.85. Analysts have a consensus price target of $2.22. Synacor Inc. (SYNC) announced that premium television network EPIX, an MGM Company, has deployed Cloud ID, the consumer identity and access management platform trusted by leading entertainment brands, to better serve millions of subscribers that want to view content on a range of platforms.

    Bridgeline Digital Inc. (NASDAQ: BLIN)

    Bridgeline Digital Inc. (NASDAQ: BLIN) stock drop by -0.43% to $2.33. Bridgeline Digital Inc. (BLIN) disclosed today the release of Celebros Studio 9.0. The upgrade includes a newly designed Studio, redesigned with a new and improved look-and-feel and powerful new features that drive increased revenue for eCommerce websites.

    Opera Limited (NASDAQ: OPRA)

    Opera Limited (NASDAQ: OPRA) Shares headed rising, higher as much as 2.05%. The most recent rating by Cowen, on May 21, 2020, is at an Outperform. Previously, Opera Limited (OPRA) has announced that it is planning to release a new version of its Android and desktop browsers today. The release is happening in parallel to celebrate the completely redesigned sync capabilities between the browsers. Opera for Android is reaching version 60 and Opera for desktop version 71.

    SecureWorks Corp. (NASDAQ: SCWX)

    SecureWorks Corp. (NASDAQ: SCWX) rose 1.61% after gaining more than $0.19 on Monday. SecureWorks Corp. (SCWX) has previously announced it has executed the acquisition of Delve. This company has traded up 126.28% from its 52-weeks low and moved down -34.34% from its 52-weeks high.

    Usio Inc. (NASDAQ: USIO)

    Usio Inc. (NASDAQ: USIO) last closed at $1.60, in a 52-week range of $0.75 to $3.72. Usio Inc. (USIO) earlier disclosed the closing of an underwritten public offering of common stock for gross proceeds of approximately $8 million, prior to deducting underwriting discounts and commissions and offering expenses payable by Usio.

    i3 Verticals Inc. (NASDAQ: IIIV)

    i3 Verticals Inc. (NASDAQ: IIIV) stock soar by 1.39% to $26.17. The most recent rating by Raymond James, on September 23, 2020, is at a Strong buy. i3 Verticals Inc. (IIIV) disclosed the acquisition of three companies that strengthen its vertical focus. The first acquisition is within the Company’s fast-growing Public Sector vertical. The second acquisition is within the Company’s Healthcare vertical and offers medical billing and other software. The final acquisition offers proprietary technology that will augment the Company’s existing platform across several verticals.

    CSG Systems International Inc. (NASDAQ: CSGS)

    CSG Systems International Inc. (NASDAQ: CSGS) shares headed rising, higher as much as 0.82%. The most recent rating by Sidoti, on March 10, 2020, is at a Buy. CSG Systems International Inc. (CSGS) disclosed today it has joined the Innovation Corridor, a global technology and innovation accelerator. CSG will work with Innovation Corridor partners including national labs, government, research universities, and entrepreneurs, to support the transformation of municipalities into “smart cities” using innovative technologies such as IoT, 5G, and artificial intelligence after this move.

    SPS Commerce Inc. (NASDAQ: SPSC)

    SPS Commerce Inc. (NASDAQ: SPSC) last closed at $87.79, in a 52-week range of $31.28 to $85.89. Analysts have a consensus price target of $81.71. SPS Commerce Inc. (SPSC) earlier launched the latest evolution of SPS Commerce Fulfillment for Intuit QuickBooks. The full-service EDI offering fully automates sales order fulfillment to support omnichannel retail businesses.

    Datasea Inc. (NASDAQ: DTSS)

    Datasea Inc. (NASDAQ: DTSS) shares were trading down -1.79% at $3.29 at the time of writing on Monday. Datasea Inc. (NASDAQ: DTSS) share price went from a low point around $0.82 to briefly over $7.39 in the past 52 weeks, though shares have since pulled back to $3.29. DTSS market cap has remained high, hitting $65.80M at the time of writing, giving it a price-to-sales ratio of more than 40.

    Talend S.A. (NASDAQ: TLND)

    Talend S.A. (NASDAQ: TLND) stock soar by 0.38% to $41.88. The most recent rating by Goldman, on June 07, 2019, is at a Sell. Covanta has recently selected Talend S.A. (TLND), a leader in data integration and data integrity, to serve as the foundation for its Data Hub, which will be accessed across the organization to improve operational efficiencies and ensure workplace safety.

    NetScout Systems Inc. (NASDAQ: NTCT)

    NetScout Systems Inc. (NASDAQ: NTCT) last closed at $23.87, in a 52-week range of $19.11 to $29.62. Analysts have a consensus price target of $27.30. NetScout Systems Inc. (NTCT) announced earlier the findings of its 1H 2020 Threat Intelligence Report, which reinforces the dramatic impact cybercriminals have had during the COVID-19 pandemic.

    Varonis Systems Inc. (NASDAQ: VRNS)

    Varonis Systems Inc. (NASDAQ: VRNS) stock soar by 1.05% to $126.47. The most recent rating by JMP Securities, on August 04, 2020, is at an Mkt outperform. Varonis Systems Inc. (VRNS) disclosed that it will report its third-quarter 2020 financial results following the close of the U.S. financial markets on Monday, October 26, 2020.

    Bottomline Technologies (de) Inc. (NASDAQ: EPAY)

    Bottomline Technologies (de) Inc. (NASDAQ: EPAY) Shares headed rising, higher as much as 0.71%. The most recent rating by DA Davidson, on May 04, 2020, is at a Neutral. EPAY announced a partnership with Dow Jones Risk & Compliance, which adds key data to Bottomline’s Anti-Money Laundering and Counter-Terrorist Financing monitoring and screening capabilities, used to identify and thwart illicit transactions.

    Tucows Inc. (NASDAQ: TCX)

    Tucows Inc. (NASDAQ: TCX) stock soar by 0.32% to $74.09. The most recent rating by Cantor Fitzgerald, on August 25, 2015, is at a Buy. Tucows Inc. (TCX) has a 52-weeks low range of $42.50 and a 52-weeks high range of $75.00. This company has traded up 74.33% from its 52-weeks low and moved down -1.21% from its 52-weeks high. This company has a total market capitalization of $784.61 million at the time of writing.

    Endava plc (NYSE: DAVA)

    Endava plc (NYSE: DAVA) rose 2.02% after gaining more than $1.32 on Monday. Looking at its profitability its has a return on assets of 6.60%, return on equity of 10.50%, and return on investment of 7.00%. This company has a total market capitalization of $3.63 billion at the time of writing.

    Net 1 UEPS Technologies Inc. (NASDAQ: UEPS)

    Net 1 UEPS Technologies Inc. (NASDAQ: UEPS) shares headed falling, lower as much as -1.76%. The most recent rating by B. Riley FBR, on September 08, 2020, is at a Buy. Net 1 UEPS Technologies Inc. (UEPS) share price went from a low point around $2.70 to briefly over $4.45 in the past 52 weeks, though shares have since pulled back to $3.34 on Tuesday. UEPS market cap has remained high, hitting $191.85 M at the time of writing

    EVO Payments Inc. (NASDAQ: EVOP)

    EVO Payments Inc. (NASDAQ: EVOP) fall -0.43% after losing more than -$0.11 on Monday. EVO Payments Inc. (EVOP) has a 52-weeks low range of $10.12 and a 52-weeks high range of $30.00. This company has traded up 151.19% from its 52-weeks low and moved down -15.27% from its 52-weeks high.