Why ZeroFox Shares Are Surging Today?
Portfolio Pulse from Lekha Gupta
ZeroFox Holdings Inc (ZFOX) shares surged by around 10% after reporting better-than-expected Q2 FY24 results and above-consensus Q3 guidance. The company reported revenue of $62.2 million, beating the consensus of $51.82 million, and adjusted EPS loss of $(0.04), exceeding the estimate of $(0.09). The company also reported a strong quarter with new record highs in quarterly revenue, ARR, subscription customers, large customer adoption, and positive free cash flow for the first time.
September 06, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ZeroFox's better-than-expected Q2 FY24 results and above-consensus Q3 guidance led to a surge in its stock price. The company reported record highs in quarterly revenue, ARR, subscription customers, and positive free cash flow.
ZeroFox's stock price surged due to its better-than-expected Q2 FY24 results and above-consensus Q3 guidance. The company's record highs in quarterly revenue, ARR, subscription customers, and positive free cash flow indicate strong financial performance, which is likely to positively impact investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100