Why did ZoomInfo Technologies stock fall today?
Aug 03, 2021 · ZoomInfo's guidance for the third quarter calls for revenue in the range of $182 million to $184 million, which should result in adjusted earnings per share of $0.11 to $0.12. Analysts are looking ...
What is the awesomeness of ZoomInfo University?
Aug 11, 2020 · Shares of ZoomInfo ( ZI-4.95%) have zoomed lower today, down by 10% as of 12:40 p.m. EDT, after the company reported second-quarter earnings. This is ZoomInfo's first earnings release as a public ...
What's new at ZoomInfo University in 2022?
Dec 02, 2020 · Shares of ZoomInfo Technologies ( ZI -2.85% ), a cloud-based market-intelligence platform, fell today after the company announced the pricing of its secondary offering. The tech stock was down by...
Why is ZoomInfo stock falling?
The reason is simple: ZoomInfo is clearly too expensive, despite the largesse of its market and its strength in growth execution. The recent ~35% drop from peaks hasn't done nearly enough damage to make ZoomInfo worth buying.Jan 31, 2022
Is ZoomInfo a good stock to buy?
Is ZoomInfo overvalued?
Does ZoomInfo have anything to do with zoom?
Is ZI a buy Zacks?
Will ZoomInfo get acquired?
Is ZI related to ZM?
Who does ZoomInfo sell to?
In February 2019, DiscoverOrg announced that it had acquired ZoomInfo for $500 million+ .
Is ZoomInfo legal?
How much did ZoomInfo raise in 2020?
When is ZoomInfo 2021?
After raising $934.5 million in ZoomInfo's June 2020 IPO, Chief Executive Henry Schuck put much of that money to work by acquiring five companies.
What is Baron Funds?
VANCOUVER, Wash., August 04, 2021--ZoomInfo (NASDAQ: ZI), a global leader in modern go-to-market software, data, and intelligence, today announced that ZoomInfo executives expect to participate in the following investor event in August.
Is Rivian stock in rarefid air?
Baron Funds, an asset management firm, published its “Baron Asset Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A decline of 0.14% was delivered by the fund’s institutional shares for the third quarter of 2021, while the Russell Midcap Growth Index (the “Index”) declined 0.76%, and the S&P ]
The freshly public database operator reported second-quarter earnings
Rivian stock had risen every day since the company priced its initial sale of stock, until Wednesday. The company is in rarefied air.
What happened
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
So what
Shares of ZoomInfo ( NASDAQ:ZI) have zoomed lower today, down by 10% as of 12:40 p.m. EDT, after the company reported second-quarter earnings. This is ZoomInfo's first earnings release as a public company.
Now what
Revenue in the second quarter jumped 62% to $110.9 million, which was ahead of the $105.6 million in sales that analysts were expecting. That resulted in adjusted net income of $27 million, or $0.07 per share. Wall Street was looking for just $0.05 per share in adjusted profits.
Investors weren't happy with the share price of the company's secondary offering
Despite the better-than-expected results, investors may still have lingering concerns about ZoomInfo's valuation. The stock currently trades at approximately 20 times sales.
What happened
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
So what
Shares of ZoomInfo Technologies ( NASDAQ:ZI), a cloud-based market-intelligence platform, fell today after the company announced the pricing of its secondary offering.
Now what
ZoomInfo said in a press release yesterday that the company's secondary offering will open up 12.5 million shares of Class A common stock at $45 per share. Additionally, the selling stockholders have the option to sell an additional 1.875 million shares.
When did ZoomInfo stock go public?
ZoomInfo investors don't appear to be happy with the company's secondary offering and have driven the company's share price down 16% since the initial announcement of the offering on Nov. 30. ZoomInfo went public back in June and since then, its stock has been on a wild ride.
Who is the CEO of ZoomInfo?
After a relatively quiet period for tech initial public offerings due to the onset of the novel coronavirus, ZoomInfo stock premiered on the Nasdaq exchange with a splash on June 3.
