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SCWX - SecureWorks: Undervalued And Not Appreciated
SecureWorks Corp.
I just discovered another cybersecurity company. SecureWorks Corp. (SCWX) keeps a pretty low profile on Seeking Alpha, there hasn't been an article written on this company in 2019. Like other SaaS companies, SecureWorks stock has taken a pretty big haircut this year, from $25 down to a recent price of $12.59.
(Source: Yahoo Finance/MS Paint)
SecureWorks is the leader in the field of Managed Security Services, but this area of cybersecurity is fairly mature. SecureWorks is introducing a new generation of software but appears to be well behind its competitors.