ZeroFox (NASDAQ:ZFOX) Cut to “Neutral” at Cantor Fitzgerald

ZeroFox (NASDAQ:ZFOXGet Free Report) was downgraded by equities researchers at Cantor Fitzgerald from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat reports.

ZeroFox Stock Performance

Shares of NASDAQ:ZFOX opened at $1.11 on Tuesday. ZeroFox has a fifty-two week low of $0.41 and a fifty-two week high of $3.00. The business has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.89.

ZeroFox (NASDAQ:ZFOXGet Free Report) last issued its earnings results on Tuesday, December 5th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. ZeroFox had a negative return on equity of 11.88% and a negative net margin of 63.25%. The business had revenue of $65.02 million during the quarter, compared to analyst estimates of $55.95 million. Equities research analysts forecast that ZeroFox will post -0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On ZeroFox

Several hedge funds and other institutional investors have recently made changes to their positions in ZFOX. Virtu Financial LLC purchased a new stake in shares of ZeroFox during the 2nd quarter valued at about $30,000. Bank of New York Mellon Corp purchased a new stake in ZeroFox in the 3rd quarter worth approximately $73,000. Renaissance Technologies LLC purchased a new stake in ZeroFox in the 1st quarter worth approximately $87,000. Zuckerman Investment Group LLC purchased a new stake in ZeroFox in the 4th quarter worth approximately $94,000. Finally, Jefferies Financial Group Inc. bought a new position in ZeroFox in the 2nd quarter worth approximately $278,000. Hedge funds and other institutional investors own 37.67% of the company’s stock.

About ZeroFox

(Get Free Report)

ZeroFox Holdings, Inc engages in the provision of software-as-a-service-based external cybersecurity solutions that focuses on exposing, disrupting, and responding to threats outside the traditional corporate perimeter. The company offers ZeroFox Protection provides real-time asset and vulnerability awareness of external-facing internet accessible digital footprint and enables organizations to configure protective capabilities to continuously protect external assets; ZeroFox Intelligence provides threat intelligence solutions that enable customers to directly search across company's data lake of global threat indicators, tactics, adversary intelligence, exploits, and vulnerabilities; ZeroFox Disruption leverages company's platform to report, block, and take down an attack's core components across the internet; and ZeroFox Response enables organizations to provide the required 24×7 level of support necessary to quickly respond to cyber incidents including external attacks, data loss or exfiltration, ransomware, and potential breaches.

Further Reading

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