What's Going On With ZoomInfo Stock After Earnings?
Portfolio Pulse from Erica Kollmann
ZoomInfo Technologies Inc. (NASDAQ:ZI) shares are falling after the company reported worse-than-expected Q2 financial results and announced a management transition. The company missed analysts' estimates and provided lower-than-expected guidance for Q3. Several analysts have slashed their price targets for ZoomInfo, contributing to the stock trading at new 52-week lows.
August 06, 2024 | 5:21 pm
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NEGATIVE IMPACT
ZoomInfo Technologies Inc. reported worse-than-expected Q2 financial results and provided weak guidance for Q3. Several analysts have lowered their price targets, leading to a significant drop in the stock price.
The company's poor financial performance and weak future guidance have led to a significant drop in the stock price. Multiple analysts lowering their price targets further exacerbates the negative sentiment, making a short-term decline in the stock price highly likely.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100