Secureworks: Rises on surprise Q1 profit, 2022 forecast raise

Secureworks

03/06/2021 17:07

** Shares of cybersecurity services provider  SCWX.O  rise
4.4% to $15.33 - set for third straight session of gains
    ** SCWX reports Q1 adjusted profit of 5 cents per share vs
analysts' estimates of a net loss of 3 cents per share,
according to Refinitiv IBES data  urn:newsml:reuters.com:*:nGNX6vKmcF
    ** Q1 revenue tops estimates, helped by customer growth in
co's cloud-based Taegis security analytics platform
    ** Co raises 2022 rev guidance to $540 million to $550
million, from its earlier range of $535 million to $545 million
    ** Separately, co announces retirement of CEO Michael Cote
and appointment of company executive Wendy Thomas as the next
CEO, effective Sept. 3  urn:newsml:reuters.com:*:nGNX7yz92m
    ** Stock has risen 7.8% YTD, including session's gains

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))