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ZeroFox Holdings, Inc. Forecasted to Earn FY2023 Earnings of ($6.30) Per Share (NASDAQ:ZFOX)

Defense World ·  Dec 10, 2022 01:51

ZeroFox Holdings, Inc. (NASDAQ:ZFOX – Get Rating) – Jefferies Financial Group decreased their FY2023 EPS estimates for shares of ZeroFox in a research note issued to investors on Wednesday, December 7th. Jefferies Financial Group analyst J. Gallo now forecasts that the company will earn ($6.30) per share for the year, down from their previous estimate of ($0.41). Jefferies Financial Group has a "Hold" rating and a $4.50 price objective on the stock. The consensus estimate for ZeroFox's current full-year earnings is ($0.41) per share. Jefferies Financial Group also issued estimates for ZeroFox's Q4 2023 earnings at ($0.14) EPS, FY2024 earnings at ($0.39) EPS and FY2025 earnings at ($0.28) EPS.

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Separately, Stifel Nicolaus assumed coverage on shares of ZeroFox in a research report on Thursday, November 10th. They issued a "buy" rating and a $6.00 target price for the company.

ZeroFox Trading Up 3.3 %

ZeroFox stock opened at $4.07 on Friday. The company has a 50 day moving average of $4.50. ZeroFox has a twelve month low of $3.26 and a twelve month high of $15.73.

Institutional Trading of ZeroFox

Several large investors have recently added to or reduced their stakes in the business. NEA Management Company LLC bought a new stake in ZeroFox in the third quarter worth approximately $88,283,000. Intel Corp bought a new stake in shares of ZeroFox during the 3rd quarter worth $31,960,000. ETF Managers Group LLC bought a new stake in shares of ZeroFox during the 3rd quarter worth $2,868,000. Vanguard Group Inc. bought a new stake in shares of ZeroFox during the 3rd quarter worth $2,516,000. Finally, BlackRock Inc. bought a new stake in shares of ZeroFox during the 3rd quarter worth $2,318,000.

About ZeroFox

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ZeroFox Holdings, Inc operates as an enterprise cybersecurity software-as-a-service company that addresses the full lifecycle of external cyber threats and risks. The company offers ZeroFox Protect that enables organizations to configure protective capabilities to identify and protect their external assets; ZeroFox Predict, a threat intelligence solution that enable customers to directly search across data lake of global threat indicators, tactics, adversary intelligence, exploits, vulnerabilities, and security tools; ZeroFox Detect that provides customers with real-time asset and vulnerability awareness for their external-facing internet digital footprint; ZeroFox Response that enables organizations to provide the 24×7 level of support necessary to respond to external attacks, incidents, data loss or exfiltration, or potential breaches; and ZeroFox Disrupt to report, block, and take down an attack's core components across the internet.

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