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Woe betide any publicly traded entity that misses on guidance. The specialty-tech company's second-quarter projections were lower than those of analysts.
The provider of databases of customer contact information topped quarterly estimates for earnings and sales.
ZoomInfo (ZI) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.24 per share a year ago.
ZoomInfo (ZI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: ZI), the go-to-market platform to find, acquire, and grow customers, today announced that it will publish financial results for the first quarter 2024 following the close of U.S. financial markets on Tuesday, May 7, 2024. The news release and any accompanying materials will be posted to the Investor Relations portion of ZoomInfo's website at https://ir.zoominfo.com/. On that day, ZoomInfo management will host a conference call and webcast at.
The rapid growth of high-flying tech stocks fueled by advances in artificial intelligence (AI) has led to an ongoing debate: Do the recent gains constitute a temporary bubble or a new sustainable trend? Critics of the current valuations point to similarities with the unsustainable overexuberance of the high-flying tech stock of the late 1990s dot-com boom.
ZoomInfo beat expectations on revenue and earnings for the fourth quarter of 2023. The company remains solidly cash-flow positive and recently introduced a new generative AI solution for clients.
The provider of databases of customer contact information topped quarterly earnings and revenue estimates.
Shares in ZoomInfo Technologies (ZI) moved sharply higher ahead of Tuesday's opening bell after the marketing intelligence software maker posted quarterly results that came in ahead of Wall Street estimates amid a growing cash pile.
ZoomInfo Technologies Inc. (ZI) Q4 2023 Earnings Call Transcript