Shares of sales intelligence platform ZoomInfo
fell 13.4% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%.
The move was the first in a list of anticipated retaliatory measures that could have had investors really worried. The tariffs were also widely seen as a significant threat to global trade flows, with the potential to slow economic growth and drive up consumer prices.
ZoomInfo trades at $9.21 per share and has moved almost in lockstep with the market over the last six months. The stock has lost 5.2% while the S&P 500 is down 3.5%. This might have investors contemplating their next move.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Semrush (NYSE:SEMR) and the rest of the sales and marketing software stocks fared in Q4.
Shares of sales intelligence platform ZoomInfo
jumped 20.6% in the afternoon session after the company reported fourth-quarter 2024 results that highlighted a notable improvement in large contract wins, but sales declined 2% year on year. Despite the revenue dip, cost efficiencies helped sustain an adjusted operating margin of 37%, contributing to adjusted earnings per share that exceeded Wall Street's expectations.
Sales intelligence platform ZoomInfo beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 2.3% year on year to $309.1 million. Guidance for next quarter’s revenue was better than expected at $295.5 million at the midpoint, 1.2% above analysts’ estimates. Its non-GAAP profit of $0.26 per share was 14.8% above analysts’ consensus estimates.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
ZoomInfo Technologies shares are trading higher in Tuesday's after-hours session on the heels of the company's fourth-quarter results. Here's a rundown of the report.
Tiger Global Management makes aggressive bets on high-growth tech companies and reduces stakes in insurance and healthcare amid regulatory uncertainties.
