ZoomInfo Technologies (ZI) Company Overview

NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- ZoomInfo Technologies (“ZoomInfo” or the “Company”) is a Delaware company headquartered in Vancouver, Washington. ZoomInfo is a subscription-based software company that sells access to its database of information about businesspeople and companies to sales, marketing and recruiting professionals.

VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: ZI), the go-to-market Intelligence platform, announced its ranking at No. 55 on Newsweek's 2025 Excellence 1000 Index. The second annual list, developed in partnership with Best Practice Institute (BPI) – a leadership development and benchmark research company – honors top U.S. companies that demonstrate a commitment to business excellence, sustainable financial growth, and a strong dedication to corporate social responsibility and ethical pr.

NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against ZoomInfo Technologies Inc. (NASDAQ: ZI) on behalf of long-term stockholders following a class action complaint that was filed against ZoomInfo on September 4, 2024 with a Class Period from November 10, 2020, and August 5, 2024. Our investigation concerns whether the board of directors of ZoomInfo have breached their fiduciary duties to the company.

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.