Why ZoomInfo Technologies Stock Plunged by 21% This Week

Motley Fool05-11

Woe betide any publicly traded entity that misses on guidance. The specialty-tech company's second-quarter projections were lower than those of analysts. Stock investors tend to be a picky lot...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2434188008?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F776976%2Fconcerned-person-looking-at-a-laptop-screen.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-05-11 06:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2434188008","market":"us","top_or_hot":-1,"title":"Why ZoomInfo Technologies Stock Plunged by 21% This Week","media":"Motley Fool","content":"<div>\n<p>Woe betide any publicly traded entity that misses on guidance.\n\n\n\n\n\n\n\nThe specialty-tech company's second-quarter projections were lower than those of analysts.\n\nStock investors tend to be a picky lot...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/10/why-zoominfo-technologies-stock-plunged-by-21-this/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why ZoomInfo Technologies Stock Plunged by 21% This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy ZoomInfo Technologies Stock Plunged by 21% This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-11 06:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/10/why-zoominfo-technologies-stock-plunged-by-21-this/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Woe betide any publicly traded entity that misses on guidance.\n\n\n\n\n\n\n\nThe specialty-tech company's second-quarter projections were lower than those of analysts.\n\nStock investors tend to be a picky lot...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/10/why-zoominfo-technologies-stock-plunged-by-21-this/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZI","symbol_name":"ZoomInfo Technologies Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2024/05/10/why-zoominfo-technologies-stock-plunged-by-21-this/","article_id":"2434188008","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F776976%2Fconcerned-person-looking-at-a-laptop-screen.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434188008","pubTimestamp":1715381220,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"A decent first-quarter report is overshadowed by a weak outlook.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZI":"ZoomInfo Technologies Inc."},"translate_title":"为什么ZoomInfo Technologies的股票本周暴跌21%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZI":1},"content_text":"Woe betide any publicly traded entity that misses on guidance.\n\n\n\n\n\n\n\nThe specialty-tech company's second-quarter projections were lower than those of analysts.\n\nStock investors tend to be a picky lot, and one item they're picky about is a company's financial guidance. It's all well and good to post quarterly results that beat estimates. However, since most market participants are -- sensibly -- more concerned about the future than the past, if a business's forecasts come in under expectations, it can be punished by Mr. Market.That was the case this week with customer acquisition and management-software specialist ZoomInfo (ZI 1.43%). Guidance perceived as week led to a sell-off of the stock, which according to data compiled by S&P Global Market Intelligence tanked by almost 21% across the five trading days.A pair of beatsOn a positive note, ZoomInfo's trailing first-quarter results revealed that the specialty-tech company managed to grow its revenue (albeit slightly) by 3% to $310 million. Also inching up was non-GAAP (adjusted) net income; this was $100.5 million ($0.26) for the period against the year-ago profit of $99.5 million. Both of those numbers topped the average-analyst estimates, which were just under $309 million for revenue and $0.23 for adjusted-net income. In its earnings release, ZoomInfo indicated that it would lean on the hot tech of the day -- generative artificial intelligence (AI) -- to help push those results higher. CEO Henry Schuck was quoted as saying that \"Our team is innovating on the future of how companies will go-to-market with ZoomInfo Copilot, and we look forward to bringing this GenAI-powered solution to market shortly.\"Second-quarter guidance was weakManagement did publish updated guidance, which was marked by a slight lowering of its full-year estimations. For the entirety of 2024, it's now expecting to earn nearly $1.26 billion to $1.27 billion on the top line, with adjusted-net income landing at $1 to $1.02 per share. The current analyst-consensus estimates fall within both ranges.The story is different with ZoomInfo's current (second) quarter guidance. It was unchanged but weak, at $306 million to $309 million for revenue and $0.23 to $0.24 per share. The collective-analyst estimates are a respective $313 million and $0.25.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434188008"}