ZoomInfo Technologies (ZI) Stock

A leading go-to-market platform provider, ZoomInfo leverages Telmai to achieve scalable, proactive data quality monitoring across its data ecosystem, boosting accuracy and efficiency. SAN FRANCISCO , Nov. 20, 2024 /PRNewswire/ -- Telmai , the AI-powered, open-architecture data observability company, proudly announces ZoomInfo  (NASDAQ: ZI) as its newest client.

ZoomInfo Technologies' near-term outlook is poor with shrinking revenues, but positive revenue growth is expected by early 2025, potentially turning its narrative around. The company has a highly leveraged balance sheet with $1.1 billion net debt, making it a risky investment for a barely growing business. ZoomInfo's clean free cash flow for 2024 is estimated at $360 million, with a potential increase to $390 million in 2025, pricing the stock at 9x forward free cash flow.

I am reiterating my sell rating on ZoomInfo Technologies stock after it crashed more than 10% post Q3 earnings. Revenue continued to decline, even as the company noted that its business transformation is showing signs of stabilization. ZoomInfo has exited many smaller business customers and is demanding upfront payments in response to credit concerns where many earlier customers didn't pay their bills.

ZoomInfo Technologies Inc. ZI reported better-than-expected earnings for its third quarter on Tuesday.

ZoomInfo Technologies (NASDAQ:ZI ) Q3 2024 Earnings Call Transcript November 12, 2024 4:30 PM ET Company Participants Jerry Sisitsky - Vice President of Investor Relations Henry Schuck - Founder and Chief Executive Officer Graham O'Brien - Interim CFO & Interim PFO Conference Call Participants Alex Zukin - Wolfe Research David Hynes - Canaccord Genuity Brad Zelnick - Deutsche Bank Elizabeth Porter - Morgan Stanley Frank Surace - Barclays Parker Lane - Stifel Financial Corp. Hannah Rudolph - Piper Sandler Koji Ikeda - Bank of America Taylor McGinnis - UBS Jackson Ader - KeyBanc Capital Markets Michael Berg - Wells Fargo Securities Johnathan McCary - Raymond James Tyler Radke - Citi Rishi Jaluria from - Capital Markets Patrick Walravens - JMP Securities Operator Good day, and thank you for standing by. Welcome to the ZoomInfo Third Quarter 2024 Financial Results Conference Call.

ZoomInfo (ZI) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.26 per share a year ago.

NEW YORK, NY / ACCESSWIRE / November 4, 2024 / If you suffered a loss on your ZoomInfo Technologies Inc. (NASDAQ:ZI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/zoominfo-technologies-inc-lawsuit-submission-form?prid=110663&wire=1 or contact Joseph E. Levi, Esq.

NEW YORK , Nov. 4, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo has been named a Leader in Snowflake's 2025 Modern Marketing Data Stack report in the “Enrichment and Hygiene” category.