ZeroFox Expects Q3 Revenue $55.0M-$57.0M vs. $50.37M Est., FY24 Revenue $214.0M-$217.0M vs. $200.68M Est.
Portfolio Pulse from Benzinga Newsdesk
ZeroFox expects Q3 2024 revenue to be between $55.0M-$57.0M, higher than the estimated $50.37M. The company also forecasts FY24 revenue to be $214.0M-$217.0M, surpassing the $200.68M estimate. However, it anticipates a non-GAAP loss from operations of $6.2M-$5.4M for Q3 and $27.0M-$25.0M for FY24.
September 06, 2023 | 10:08 am
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NEUTRAL IMPACT
ZeroFox's higher-than-expected revenue forecasts for Q3 and FY24 could positively impact its stock. However, anticipated operational losses might offset this positive effect.
ZeroFox's revenue forecasts exceed estimates, which could boost investor confidence and positively impact its stock. However, the company's anticipated non-GAAP operational losses could counteract this positive effect, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100