NEW YORK, NY / ACCESSWIRE / August 13, 2024 / Pomerantz LLP is investigating claims on behalf of investors of ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") (NASDAQ:ZI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether ZoomInfo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 5, 2024, ZoomInfo issued a press release announcing its financial results for the second quarter of 2024. Among other items, ZoomInfo reported adjusted earnings per share of $0.17, falling short of the $0.24 analyst consensus, as well as a year-over-year revenue decline of 6% to $291.5 million, below the expected $307.68 million. In a separate press release, ZoomInfo also announced that its Chief Financial Officer Cameron Hyzer would depart from that role effective September 6, 2024.
On this news, ZoomInfo's stock price fell $1.79 per share, or 18.27%, to close at $8.01 per share on August 6, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP
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