Company authorizes repurchase of common stock
- ZoomInfo Technologies approves additional $500 million stock buyback
- Board authorizes repurchase of common stock
- Company has about 379.7 million shares outstanding
- Market capitalization of roughly $6.64 billion
- Previous share repurchase program was $600 million
- Company bought back over 22.6 million shares in the previous year
ZoomInfo Technologies announced that its board has approved the repurchase of up to an additional $500 million of common stock. The Vancouver-based corporate-information database company, with approximately 379.7 million shares outstanding, currently has a market capitalization of around $6.64 billion. This new buyback program follows the previous approval of $600 million in share repurchases. In the previous year, ZoomInfo bought back over 22.6 million shares, leaving $199.9 million available for repurchases at the end of the year.
Factuality Level: 9
Factuality Justification: The article provides factual information about ZoomInfo Technologies’ board approving the repurchase of up to $500 million of common stock, the company’s market capitalization, the number of shares outstanding, and the previous share repurchase activity. The information presented is clear, relevant, and based on verifiable data without any apparent bias or misleading content.
Noise Level: 3
Noise Justification: The article provides clear and relevant information about ZoomInfo Technologies’ board approving the repurchase of additional common stock. It includes details about the amount approved, the company’s shares outstanding, market capitalization, previous share repurchases, and the remaining amount available for repurchases. The article stays on topic and does not contain irrelevant or misleading information. However, it lacks in-depth analysis, accountability, or actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to ZoomInfo Technologies, a corporate-information database company. The announcement of the board approving the repurchase of up to an additional $500 million of common stock may impact the company’s stock price and potentially the broader stock market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article is focused on a financial topic, specifically the approval of a stock repurchase by ZoomInfo Technologies. There is no mention of any extreme event or its impact.
Public Companies: ZoomInfo Technologies (N/A)
Key People:
www.marketwatch.com 
