- ZoomInfo ( NASDAQ: ZI ) shares surged more than 10% Tuesday in the wake of the sales and marketing technology company giving a strong revenue forecast along with better-than-expected second-quarter earnings results.
- Late Monday, ZoomInfo ( ZI ) said that for its current business quarter, it expects to earn between 19 cents and 20 cents a share, on revenue of $278M. The company's earnings outlook was in line with Wall Street analysts' estimates, who had forecast ZoomInfo ( ZI ) to report $271M in revenue.
- Goldman Sachs analyst Kash Rangan, who has a buy rating on ZoomInfo's ( ZI ) stock, said the company's results and outlook suggest it's having success in "expanding its capabilities beyond sales and marketing into human resources" and proving the capabilities of its digital intelligence platform.
- Wall Street analysts have a consensus buy rating on ZoomInfo ( ZI ), while Seeeking Alpha authors are a bit more negative with a sell rating on the company's stock.
- Seeking Alpha's quant system, which generally outperforms the market, has a hold rating on ZoomInfo's ( ZI ) stock.
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ZoomInfo shares climb 10% in wake of upbeat outlook and earnings