The Ratings Game: Zuora stock plunges to worst drop on record, analyst says it looks like ‘dead money’ [MarketWatch]
Zuora, Inc. Class A (ZUO)
Last zuora, inc. class a earnings: 3/12 04:12 pm
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Source: MarketWatch
Zuora stock plunges to worst drop on record, analyst says it looks like ‘dead money’ Zuora Inc. shares plummeted nearly 30% Friday after the subscription software company highlighted product-integration and sales-execution issues in conjunction with its first-quarter earnings report. The stock ZUO, -29.70% declined 29.7%, its worst single-day percentage drop since going public just over a year ago. Previously, the stock’s record decline was 18.7%, but analysts said that the issues that showed up in Thursday afternoon’s report could take a while to change. “We expect fixing the product issues is straightforward and will just require time, but we are more concerned with the sales issues that our experience says require changes in sales leadership and nearly 12 months to correct,” wrote Needham analyst Scott Berg, who removed his top-pick designation on the stock and lowered his rating to buy from strong after the company “materially” cut its outlook. See more: Zuora stock tanks afte
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News
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ZUO
Earnings
- 2/28/24 - Beat
ZUO
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 3
- 5/1/24 - Form 8-K
- ZUO's page on the SEC website