Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Secureworks Stock Was Down Today

TheMotleyFool

0 0

Shares of SecureWorks (NASDAQ: SCWX) were down 9.7% as of 1:20 p.m. ET on Thursday after delivering lower-than-expected results for the fourth quarter.

Fourth-quarter revenue declined 8.5% over the same quarter a year ago. The company also reported a net loss of $8.8 million, or $0.11 per share, which is slightly down from a loss of $9.5 million, or $0.12 per share, in the year-ago quarter.

The highlight of the quarter was the growth in the company's Taegis cloud-based security platform. Taegis revenue grew 156% year over year in the quarter and more than doubled for the full year. But it contributed less than 10% of total revenue for the year, so it didn't make a significant impact on overall growth.

Source Fool.com

Like: 0

SCWX

Share