After-hours movers: ZoomInfo sinks on weak guidance, Arista Networks gains on results
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Go back to After-hours movers: ZoomInfo sinks on weak guidance, Arista Networks gains on results
August 2, 2023 1:41 PM EDT
Wolf research downgraded software company ZoomInfo (NASDAQ: ZI) to a Peer Perform rating (From Outperform), with a $15-$21 FV range, following the companys 2Q earnings release.
ZI reported 2Q23 revenue of $308.6M (missing consensus estimates of $310.94M), marking the company's first guidance miss as a public company. Operating... More
August 1, 2023 4:04 PM EDT
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $200.00 price target on Arista Networks (NYSE: ANET)
Closing Tactical OP After Strong Earnings
The analyst comments "ANET reported impressive upside to June-qtr with rev/EPS of $1.46B/1.58 vs. street at $1.38B/$1.44 with strong ~39% y/y growth driven by ramps on the cloud and enterprise side offset... More
August 1, 2023 5:11 AM EDT
Deutsche Bank analyst Brad Zelnick downgraded ZoomInfo Technologies (NASDAQ: ZI) from Buy to Hold with a price target of $20.00 (from $31.00).
The analyst comments "We downgrade shares of ZoomInfo to Hold from Buy following disappointing 2Q results that largely suffered from further deterioration and down selling within the tech customer vertical. While we are implicitly closer to a bottom and... More
