ZoomInfo faces securities class action over 2026 guidance cut and 32.8% stock drop

ZoomInfo Technologies Inc. is facing a securities fraud class action tied to its sharp 2026 guidance cut and the nearly 33% one-day stock decline that followed, with Bronstein, Gewirtz & Grossman issuing another investor notice alongside earlier claims that the company misled investors about slowing seat-based demand, weakening upsell opportunities and the impact of AI-related customer behavior. The latest notice says investors who purchased or otherwise acquired ZoomInfo securities during the class period have until August 24, 2026 to ask the court to appoint them as lead plaintiff, while a separate Pomerantz LLP notice cited an August 25 deadline. An earlier filing in the U.S. District Court for the Western District of Washington was identified as Tejeda v. ZoomInfo Technologies et al., No. 26-cv-05696, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ZoomInfo securities. Earlier notices said the proposed class covered purchasers between November 3, 2025 and May 11, 2026 and alleged ZoomInfo overstated the achievability of its growth outlook and Copilot penetration while minimizing customer migration toward consumption-based models and internal AI-driven go-to-market solutions, even as seat-based demand slowed and upsells weakened. ZoomInfo had issued full-year revenue guidance of $1.247 billion to $1.267 billion on February 9, 2026. On May 11, 2026, the company reported first-quarter results and cut 2026 revenue guidance by about $62 million to $1.185 billion to $1.205 billion. The shares fell from $6.04 on May 11 to $4.06 on May 12, a decline of about 33%.