ZoomInfo Cuts FY23 Revenue Guidance From $1.275B-$1.285B To $1.225B-$1.235B vs $1.28B Est.
Portfolio Pulse from Benzinga Newsdesk
ZoomInfo has reduced its FY23 revenue guidance from $1.275B-$1.285B to $1.225B-$1.235B, which is below the estimated $1.28B.
July 31, 2023 | 9:26 pm
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NEGATIVE IMPACT
ZoomInfo's lowered FY23 revenue guidance may negatively impact its stock price in the short term.
ZoomInfo's revised FY23 revenue guidance is lower than the previous guidance and also falls short of the estimated $1.28B. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100