ZoomInfo Technologies (ZI) PT Lowered to $65 at Truist Securities

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ZoomInfo (ZI) Delivers Beat-and-raise but Shares Drop 20% on Soft Tone

November 2, 2022 6:46 AM EDT

Shares of ZoomInfo (NASDAQ: ZI) are trading more than 21% in the red after the software maker presented its Q3 results and offered guidance for Q4 and full-year.

ZoomInfo topped analyst expectations for the third quarter as it reported EPS of $0.24 on revenue of $287.6 million, which compares to the consensus of $0.20 on revenue of $278.52 million.

As a best-in-class high-growth software company with strong profitability, our customers are looking to us for best practices on how to grow efficiently - we do... More