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Zoom info stock12/10/2023 “With the largest Conversation Intelligence patent portfolio in the industry, Chorus will advance each aspect of our vision by surfacing a new category of insights, illuminating new workflows, and enabling more targeted engagement at scale. “The acquisition of Chorus will accelerate our vision to deliver a modern go-to-market platform that brings together best-in-class intelligence with comprehensive data management, workflow, and engagement software, empowering companies to effectively execute their revenue-generating strategies,” Schuck said. At current share prices near 22, ZoomInfo trades at a market cap of 8.96 billion. “ZoomInfo is the only company that can marry a best-in-class data layer with world-class go-to-market applications,” ZoomInfo founder and CEO Henry Schuck said in a statement. ZoomInfo is also not quite as expensive as it used to be, but neither is the stock cheap. The company’s software-as-a-service platform gathers and organizes contact information and other business data with assistance from artificial intelligence and human research teams.Ĭhorus.ai is described as a “conversation intelligence” platform that uses machine learning and artificial intelligence to analyze calls, meetings and emails with prospective customers to provide additional information to sales teams, according to a press release from ZoomInfo, which will “add a new category of actionable insights” to the ZoomInfo platform. ZoomInfo operates a database of company information aimed at sales and marketing teams to help them seek out clients and broker business-to-business transactions. No cash balance or cash flow is included in the calculation.Vancouver-based ZoomInfo announced Tuesday that it will acquire business intelligence company Chorus.ai in a $575 million transaction. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. The 20 analysts offering 12-month price forecasts for Zoominfo Technologies Inc have a median target of 20.00, with a high estimate of. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. ( NASDAQ: ZI) is a software company that provides go-to-market intelligence platform for its customers. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
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