Why ZoomInfo Technologies Stock Plunged by 21% This Week [Yahoo! Finance]
ZoomInfo Technologies Inc. (ZI)
Company Research
Source: Yahoo! Finance
However, since most market participants are -- sensibly -- more concerned about the future than the past, if a business's forecasts come in under expectations, it can be punished by Mr. Market. That was the case this week with customer acquisition and management-software specialist ZoomInfo (NASDAQ: ZI) . Guidance perceived as week led to a sell-off of the stock, which according to data compiled by S&P Global Market Intelligence tanked by almost 21% across the five trading days. A pair of beats On a positive note, ZoomInfo's trailing first-quarter results revealed that the specialty-tech company managed to grow its revenue (albeit slightly) by 3% to $310 million. Also inching up was non- GAAP (adjusted) net income; this was $100.5 million ($0.26) for the period against the year-ago profit of $99.5 million. Both of those numbers topped the average-analyst estimates, which were just under $309 million for revenue and $0.23 for adjusted-net income. In its earnings release, Zoom
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ZI
News
- Announcing Vanta's Industry-First Partnership to Automate HITRUST e1 [Yahoo! Finance]Yahoo! Finance
- ZoomInfo Releases AI-Powered ZoomInfo Copilot to Make Every Seller Your Best Seller [Yahoo! Finance]Yahoo! Finance
- ZoomInfo Releases AI-Powered ZoomInfo Copilot to Make Every Seller Your Best SellerBusiness Wire
- ZoomInfo Poised To Become A Contrarian Play [Seeking Alpha]Seeking Alpha
- ZoomInfo to Participate in Upcoming Investor ConferencesBusiness Wire
ZI
Earnings
- 5/7/24 - Beat
ZI
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- ZI's page on the SEC website