- ZoomInfo ( NASDAQ: ZI ) shares plunged as much as 25% Wednesday amid reports that the sales and marketing software company gave a weaker-than-expected outlook for 2023.
- ZoomInfo ( ZI ) officials discussed the company's prospects at the RBC Capital Markets Global TMT Conference on Wednesday. Reports came out of the conference that ZoomInfo ( ZI ) said business is showing more signs of slowing down in the year ahead.
- Wednesday declines were the latest in a slate of negative news affecting the Vancouver, Washington-based cloud software company. Earlier this month, ZoomInfo ( ZI ) shares plunged after company officials warned about a worsening economic environment that is causing the company to see longer sales cycles and delays on a number of deals .
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lZoomInfo plunges 25% as fears grow over cloud-software company's sales outlook