The deal priced below the range at $14. Since then the shares have been sitting around $13/share. Coverage should begin on or about May 17th and we expect the stock price to recover somewhat. Investors are mostly worried that SCWX is really just a services company and question whether they will be able to improve their cost structure quickly enough.
SecureWorks (SWCX) describes themselves as “holistic” approach that works better than the myriad “point products” which provide protection but still offer “holes” that hackers can exploit to breach security measures.
During a recent conference on advanced enterprise . . .