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Zerofox (ZFOX) Stock Rallied 32.1% on the LookingGlass Acquisition

Simon Mugo trader
Updated 25 Apr 2023

The ZeroFox Holdings Inc (NASDAQ: ZFOX) stock price rallied 32.11% following yesterday’s announcement that it had completed the acquisition of LookingGlass Cyber Solutions, Inc., a global leader in external attack surface management and global threat intelligence. The deal was first announced on April 17, 2023. 


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The company’s share price fell yesterday following the announcement but recovered today as investors digested the significant upside of the news. ZeroFox can now offer its customers a comprehensive portfolio of cybersecurity tools by incorporating LookingGlass’ products with its own.

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Investors seem to have caught on to the significance of yesterday’s news, as evidenced by the rally in ZeroFox’s stock price. Other recent announcements from ZeroFox include its recent partnership with Google Cloud to disrupt phishing attacks and malicious URLs. 

The partnership with Google will make the company one of the first external cybersecurity organisations to contribute to Google Cloud’s Web Risk Submission API. ZeroFox will continuously provide Google Cloud data on malicious domains and phishing threats. 

ZeroFox recently announced improvements to its Executive Protection solution to safeguard executives, VIPs, and other high-value targets from physical and cyber threats. The new ZeroFox Executive Protection Premium service now includes PII Removal and covers up to five family members.

James C. Foster, chairman and CEO of ZeroFox, said: “We are excited to welcome the LookingGlass team to the ZeroFox family. This acquisition strengthens our position in the external cybersecurity market and expands our platform's attack surface intelligence capabilities. We are committed to ensuring a seamless customer experience as we integrate the two companies and are confident that this acquisition will be valuable for our customers, employees, and shareholders.”

Bryan Ware, CEO of LookingGlass, added: “We are thrilled to join forces with ZeroFox and look forward to the opportunities this will bring to our customers and employees. Our shared values and combined vision will allow us to deliver even more value to the market and achieve greater success together.”

ZeroFox has made progress on multiple fronts recently and is well-positioned to continue expanding its footprint in the burgeoning cybersecurity industry. 

*This is not investment advice. 

Zerofox Holdings (ZFOX) stock price. 

The ZeroFox Holdings (ZFOX) stock price was trading up 32.11% at $1.44, from Monday’s closing price of $1.09.


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Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading
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