ZeroFox Expects Q4 Revenue Of $56M-$58M (Estimate $52.25M); Boosts FY24 Revenue Outlook From $214M-$217M To $228.7M-$230.7M (Estimate $216M)
Portfolio Pulse from Benzinga Newsdesk
ZeroFox has projected its Q4 revenue to be between $56M-$58M, surpassing the estimated $52.25M. The company has also raised its FY24 revenue forecast from $214M-$217M to $228.7M-$230.7M, exceeding the estimated $216M.
December 05, 2023 | 11:06 am
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POSITIVE IMPACT
ZeroFox has exceeded Q4 revenue expectations and increased its FY24 revenue guidance, indicating strong performance and positive future prospects.
ZeroFox's announcement of higher-than-expected Q4 revenue and an increased FY24 revenue outlook is likely to be viewed positively by investors. This suggests that the company is performing well and has a strong growth trajectory, which could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100