Why ZoomInfo Technologies Inc. (ZI) Soared on Wednesday

We recently compiled a list of the 10 Stocks Outperform Wall Street Indices on Wednesday. In this article, we are going to take a look at where ZoomInfo Technologies Inc. (NASDAQ:ZI) stands against the other stocks.

The stock market ended on a mixed note on Wednesday, with the Dow Jones the sole loser during the session, as investor caution persisted amid confusing tariff policies from President Donald Trump.

The Dow Jones dropped by 0.43 percent, while in contrast, the S&P and Nasdaq finished in the green territory, albeit the S&P inched up by only 0.01 percent, and the Nasdaq ended higher by 0.26 percent.

On Wednesday, Trump raised hopes for another month of delay for the imposition of tariffs on goods from Mexico and Canada, while signaling a 25-percent reciprocal tariff on European cars and goods.

Meanwhile, ten companies defied the broader market pessimism, posting modest to strong gains during the day.

To come up with Wednesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

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ZoomInfo Technologies Inc. (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s shares skyrocketed by 23.08 percent on Wednesday to end at $11.73 apiece as investor sentiment was fueled by the company’s bullish outlook for the year.

In its latest earnings release, ZoomInfo Technologies Inc. (NASDAQ:ZI) said it expects revenues for fiscal year 2025 to settle between $294 million to $297 million, which is way higher than the analyst consensus of $292.4 million.

Earnings per share was also pegged at a range of 22 cents to 23 cents, versus analyst consensus of 22 cents.

During the fourth quarter of the year, ZoomInfo Technologies Inc. (NASDAQ:ZI) swung to a net income of $14.6 million, reversing a net loss of $5.5 million in the same period a year earlier despite revenues dipping by 2.3 percent to $309.1 million from $316.4 million year-on-year.

Meanwhile, net income for the full year 2024 dropped by 73 percent to $29.1 million from $107.3 million in 2023, while revenues dipped by 2 percent to $1.214 billion from $1.239 billion year-on-year.

Overall ZI ranks 1st on our list of Wednesday’s top gainers. While we acknowledge the potential of ZI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as ZI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.