The Law Offices of Frank R. Cruz Announces Investigation of ZoomInfo Technologies Inc. (ZI) on Behalf of Investors

By: The Law Offices of Frank R. Cruz via Business Wire

August 08, 2024 at 17:07 PM EDT

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The Law Offices of Frank R. Cruz announces an investigation of ZoomInfo Technologies Inc. (“ZoomInfo” or the “Company”) (NASDAQ: ZI) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On August 5, 2024, ZoomInfo released its second quarter 2024 financial results, missing revenue and earnings expectations, and lowering its full-year guidance for revenue, adjusted operating income, and free cash flow. Additionally, the Company announced that its CFO and principal finance officer would be departing.

On this news, ZoomInfo’s stock price fell $1.79, or 10.3%, to close at $8.01 per share on August 6, 2024, thereby injuring investors.

If you purchased ZoomInfo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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