Why SecureWorks Stock Is Crashing This Week

Why SecureWorks Stock Is Crashing This Week
·2 min read

Shares of SecureWorks (NASDAQ: SCWX) were down 19.2% week to date through Thursday, according to data provided by S&P Global Market Intelligence. Taegis ManagedXDR is designed to significantly increase return on investment for companies that spend a lot of money to prevent hackers from breaching their systems. Management sees the new offering expanding its opportunity in the extended detection and response (XDR) market to $40 billion by 2025, representing a compound annual growth rate of 18%.

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