ZI Stock Recent News

ZoomInfo had a rough 2023, but its fortunes are turning as Artificial Intelligence technology is driving a new business line for them. Data will be the fuel for AI, and companies with unique and valuable datasets will become more valuable. ZoomInfo is a strong buy as its unparalleled B2B contact database, will benefit from the demand for high-quality data and AI-driven marketing.

ZoomInfo's operations have grown more robust, but its share price has decreased. This disconnect between the company's health and stock price could be an opportunity.

ZoomInfo is the category leader in providing enterprises leads and buying signals in the B to B space. The company has had a significant business concentration within the software and business services vertical. As these segment experienced their own contraction, Zoom's growth atrophied substantially.

ZoomInfo beat expectations on revenue and earnings in Q3 in spite of the challenging macroeconomic environment. But management also offered fourth-quarter guidance that left the market wanting more.

ZoomInfo Technologies Inc. (NASDAQ:ZI ) Q3 2023 Results Conference Call October 30, 2023 4:30 PM ET Company Participants Jerry Sisitsky - IR Henry Schuck - Founder and CEO Cameron Hyzer - CFO James Roth - Chief Revenue Officer Conference Call Participants Mark Murphy - JPMorgan Tyler Radke - Citi Brad Zelnick - Deutsche Bank Michael Turrin - Wells Fargo Brent Bracelin - Piper Sandler Koji Ikeda - Bank of America Alex Zukin - Wolfe Research Elizabeth Porter - Morgan Stanley Kash Rangan - Goldman Sachs D.J. Hynes - Canaccord Genuity Joshua Reilly - Needham Taylor McGinnis - UBS Raimo Lenschow - Barclays Rishi Jaluria - RBC Capital Markets Operator Good day and thank you for standing by.

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.

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 third quarter 2023 following the close of U.S. financial markets on Monday, October 30, 2023. 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.

ZoomInfo Technologies Inc. saw strong growth in 2020 and 2021, but its shares have since declined significantly. The company provides a platform for sales and marketing teams to access business intelligence and improve conversion rates. ZoomInfo's growth is slowing down, and a decline in sales could negatively impact its valuation.

The data is undeniable regarding the state of affairs overtaking the computer and electronics industry, with trends that suggest nothing but a sure slowdown to continue; at least, that is where the sentiment is.

ZoomInfo (ZI) is noticing accelerated growth in its non-software customers as the software space faces several headwinds. ZoomInfo Founder and CEO Henry Schuck sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference to discuss the data company's growth outlook across segments "All the other industries, we see a really steady path to growth, growing north of 20 percent in those non-software companies," Schuck says.