ZoomInfo: Product Innovation Is Exciting, But Growth Is Lacking [Seeking Alpha]
ZoomInfo Technologies Inc. (ZI)
Company Research
Source: Seeking Alpha
The company is investing in product innovation, such as its AI-powered Copilot, resulting in higher Net Promoter Scores, win-back rates, and new customer acquisitions. However, the management has a lot to prove to regain investor confidence, and given the risk-reward, the stock is a "Sell". Introduction & Investment Thesis ZoomInfo ( NASDAQ: ZI ) is a cloud-based sales and marketing platform that has underperformed the S&P 500 and the Nasdaq 100 YTD. The company released its Q4 FY23 earnings report last month, and while revenue and earnings met expectations, the company has guided revenue to grow just 2.4% in FY24 and non-GAAP operating income to remain flat YoY. In FY23, the company saw a decline in its enterprise customers as well as in its Net Retention Rate (NRR), which underlines the slowing spend and adoption among its existing customer base, which includes the software industry vertical, amidst tough macroeconomic conditions and a highly competitive market with increasin
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ZI
News
- Nooks raises $22M to end sales development drudgery with AI-powered prospecting & calling [Yahoo! Finance]Yahoo! Finance
- Webflow acquires Intellimize to add AI-powered webpage personalization [Yahoo! Finance]Yahoo! Finance
- Webflow acquires Intellimize to add AI-powered webpage personalization [TechCrunch]TechCrunch
- Webflow announces acquisition of Intellimize - expanding beyond visual development to become an integrated Website Experience PlatformPR Web
- ZoomInfo (ZI) Upgraded to Buy: Here's Why [Yahoo! Finance]Yahoo! Finance
ZI
Earnings
- 2/12/24 - Beat
ZI
Sec Filings
- 4/9/24 - Form D
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- ZI's page on the SEC website