ZoomInfo Technologies is a leading provider of go-to-market intelligence solutions for sales, marketing, and recruiting professionals
The company offers a comprehensive platform that combines data, insights, and technology to help businesses identify and engage with potential customers more effectively. With a vast database of company and contact information, ZoomInfo enables its users to streamline their prospecting efforts, enhance lead generation, and improve customer relationship management. By leveraging advanced analytics and artificial intelligence, their services empower organizations to make informed decisions and drive growth in an increasingly competitive landscape.
Over the past six months, ZoomInfo’s stock price fell to $9.95. Shareholders have lost 9.9% of their capital, which is disappointing considering the S&P 500 has climbed by 12.6%. This may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Freshworks (NASDAQFRSH) and its peers.
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Shares of sales intelligence platform ZoomInfo
fell 19.1% in the morning session after the company reported weak third-quarter earnings. Its EPS guidance for the next quarter fell short of Wall Street's estimates, and the outlook is weighing on shares. Big picture, the market is worried that AI will be a huge headwind to ZoomInfo's business, and to convince the market otherwise, more convincing beats and guides above expectations are needed.
Sales intelligence platform ZoomInfo reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 3.3% year on year to $303.6 million. The company expects next quarter’s revenue to be around $297.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.28 per share was also 26.9% above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sales software stocks fared in Q2, starting with ZoomInfo (NASDAQZI).
