Welcome to our dedicated page for ZeroFox Holdings news (Ticker: ZFOX), a resource for investors and traders seeking the latest updates and insights on ZeroFox Holdings stock.
ZeroFox Holdings, Inc. (Nasdaq: ZFOX) is a prominent enterprise software-as-a-service provider specializing in external cybersecurity. The company has redefined security measures beyond the corporate perimeter on the internet, offering comprehensive solutions where businesses operate and threat actors thrive.
The ZeroFox platform integrates advanced AI analytics, digital risk, and privacy protection alongside full-spectrum threat intelligence. It features a robust portfolio that includes breach, incident, and takedown response capabilities. These tools are designed to expose and disrupt phishing and fraud campaigns, botnet exposures, credential theft, impersonations, data breaches, and physical threats targeting brands, domains, people, and assets.
ZeroFox boasts a prestigious client base, including some of the largest public sector organizations, finance firms, media companies, technology enterprises, and retail businesses. The company's solutions provide customers with proactive external cybersecurity measures, enabling them to stay ahead of adversaries and address the entire lifecycle of external cyber risks.
Recently, ZeroFox reported record Annual Recurring Revenue and positive free cash flow, signaling robust financial health. The firm has also been recognized for its leadership in external cybersecurity with honors for brand protection, dark web monitoring, fraud detection, and threat intelligence.
A notable achievement includes the extension of awards that offer protection and restoration to 22.1 million individuals impacted by previous cybersecurity incidents. This collaboration with the U.S. Government underscores ZeroFox's commitment to providing critical digital identity theft protection services.
ZeroFox continues to innovate with new product launches, such as the unified external threat intelligence and an external attack surface management tool. In the first quarter of 2023, the company observed a 171% increase in external cybersecurity attacks, further highlighting the need for their essential services.
To learn more about ZeroFox's latest innovations and services, visit their website at www.zerofox.com or meet them at industry-leading conferences around the globe.
ZeroFox (Nasdaq: ZFOX) has partnered with Google Cloud to enhance cybersecurity measures against phishing attacks through the Web Risk Submission API. This collaboration allows ZeroFox to warn users of malicious URLs and fake websites, contributing to the protection of over 5 billion devices. The partnership stems from a significant increase in phishing threats, with a reported 75% rise in unique phishing websites detected within the past year. ZeroFox's advanced AI capabilities enable it to swiftly identify and take down fraudulent domains, thereby minimizing potential cyber threats. This integration, active since January 2023, aligns with ZeroFox’s broader strategy to bolster digital security in an increasingly digital world.
ZeroFox (Nasdaq: ZFOX), a leader in external cybersecurity, has enhanced its Executive Protection solution to strengthen security for executives and high-value targets. The new Executive Protection Premium includes Personal Identifiable Information (PII) Removal and extends coverage to five family members. Key features address preventing impersonations, detecting exposed personal information, and safeguarding against physical threats. In 2022, ZeroFox successfully removed 485,190 instances of PII. This update responds to a 26.2% increase in impersonations and a 29% rise in scams targeting executives, highlighting the need for comprehensive protective measures.
ZeroFox (Nasdaq: ZFOX), an external cybersecurity provider, has been recognized in CRN's 2023 Partner Program Guide for its channel-first strategy and growth in partner programs. The guide evaluates IT vendors based on factors such as partner training, sales support, and marketing resources.
ZeroFox's end-to-end cybersecurity platform offers a unified experience for customers, expanding its international program with structured incentive programs. VP Brian Costello emphasized the importance of an enabled partnership ecosystem for scaling.
The guide is available in the April 2023 issue of CRN and online at www.CRN.com/PPG.
ZeroFox Holdings, a leader in external cybersecurity, announced record revenues for Q4 2023, totaling $45.4 million and annual recurring revenue of $156.7 million. The company achieved a gross margin of 31% (GAAP) and 41% (non-GAAP), with subscriptions yielding higher margins. Despite reporting a GAAP loss from operations of $21.1 million, ZeroFox ended the year with a solid cash position of $47.5 million. Guidance for Q1 2024 indicates expected revenue between $44.0 million and $44.6 million, and a non-GAAP loss from operations of $9.8 million to $9.3 million. For FY 2024, projected revenue stands at $183.0 million to $187.0 million.
ZeroFox (Nasdaq: ZFOX) has been awarded Frost & Sullivan's 2022 Global Competitive Strategy Leadership Award, underscoring its decade-long leadership in the Digital Risk Protection industry. The company was recognized for its innovative approach and strategic analytics that address the evolving challenges in cybersecurity. ZeroFox's platform encompasses the entire digital threat lifecycle, offering comprehensive solutions that traditional cybersecurity products lack. In a year marked by digital transformation and rising external threats, ZeroFox emphasizes its mission to safeguard digital assets beyond conventional boundaries, highlighting its growth and commitment to enhancing customer protection.
ZeroFox (Nasdaq: ZFOX) announces its participation at the NetDiligence Cyber Risk Summit from February 20-23, 2023, showcasing its enhanced cybersecurity offerings following the acquisition of IDX. This acquisition has strengthened ZeroFox’s external cybersecurity portfolio by incorporating advanced breach response solutions, enabling organizations to prepare for and mitigate the effects of cybersecurity incidents. ZeroFox provides services such as digital forensics, incident readiness, breach notifications, identity protection, and dark web monitoring. The integration aims to improve cyber risk readiness and protect businesses from increasing digital threats.
ZeroFox (Nasdaq: ZFOX), a leader in external cybersecurity, announced its fourth quarter fiscal year 2023 financial results will be released on March 14, 2023, prior to market opening. A conference call and live webcast are scheduled for 8:00 a.m. Eastern Time on the same day, providing investors and analysts with insights into the company’s performance.
ZeroFox specializes in protecting businesses against external cyber threats through its innovative platform that integrates AI analytics, threat intelligence, and incident response capabilities.
ZeroFox (Nasdaq: ZFOX) has been recognized in the 2023 CRN Channel Chiefs list for the second consecutive year, acknowledging the significant contributions of Brian Costello, Vice President of Global Channels. The recognition underscores ZeroFox's successful expansion of its Global Partner Program, specifically in Europe, APAC, and LATAM, acquiring multiple revenue-generating partners. Costello emphasizes the value of partnerships in enhancing cybersecurity against external threats. This achievement reflects ongoing business strategy and innovation within an increasingly complex IT landscape.
ZeroFox (Nasdaq: ZFOX), a leading external cybersecurity provider, is set to participate in a webinar hosted by the SANS Institute on January 24, 2023. This event aims to highlight the growing risks of cyberattacks targeting executives and the importance of executive protection strategies. AJ Nash, ZeroFox's VP & Distinguished Fellow of Intelligence, will join experts from Comcast to discuss the escalating threats from external sources. With personal data increasingly exposed online, companies must prioritize executive protection to mitigate risks and protect their bottom line. This free webinar will provide best practices for safeguarding high-profile individuals.
Searchlight Cyber has appointed Evan Blair as the new General Manager for North America, aiming to enhance its growth in the US market. Blair, a co-founder of threat intelligence firm ZeroFox, brings extensive cybersecurity experience, including previous roles at HighSide and Optiv. Since December 2022, Searchlight Cyber has seen significant growth, with a 150% increase in headcount, positioning itself strongly in the projected $1.3 billion dark web intelligence market by 2028.
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