Barclays analyst Saket Kalia lowered the firm’s price target on Secureworks to $8 from $9 and keeps an Underweight rating on the shares. Taegis annual recurring revenue growth of 59% yeaar-over-year drove the total ARR beat and the mix shift in the higher margin software business drove the narrowing EBITDA loss, the analyst tells investors in a research note.
Published first on TheFly
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- Secureworks Reports 120% Growth in Annual Taegis Revenue to $188 Million in Connection with Fourth Quarter and Full Year Fiscal 2023 Results
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