ZoomInfo Technologies shares are trading lower after the company reported Q1 financial results and issued Q2 guidance below estimates. Piper Sandler downgraded the stock to Neutral on Wednesday.
Portfolio Pulse from Benzinga Newsdesk
ZoomInfo Technologies' shares dropped following its Q1 financial results and Q2 guidance, which fell below estimates. Piper Sandler downgraded the stock to Neutral.
May 08, 2024 | 10:12 am
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ZoomInfo Technologies reported disappointing Q1 results and provided Q2 guidance below expectations, leading to a downgrade by Piper Sandler.
The negative reaction to ZoomInfo's financial performance and future outlook, compounded by a downgrade from a notable analyst firm, is likely to pressure the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100