Signage is displayed on the ZoomInfo Technologies headquarters in Waltham, Massachusetts, on Wednesday, June 3, 2020.stocks poised to outperformOne way is by following the activity of analysts with proven stock picking abilities. TipRanks analyst forecasting service attempts to pinpoint Wall Street's best-performing analysts, or the analysts with the highest success rate and average return per rating.
It should be noted that the "sales intelligence market has likely experienced a three-four year pull-forward in market growth due to COVID ," according to MacWilliams. He also argues that investors don't fully appreciate the upsell opportunity with new products like Engage and Intent Data. "With COVID-19 continuing to slow rail traffic and reduce ethanol demand as the backdrop, we continue to be impressed with the relative stability of the Rail and Ethanol segments. We believe the outlook for Rail is stable, while we see several sources of upside from Ethanol driven by increased transportation activity, favorable policy initiatives from a Biden administration and the emergence of the new ELEMENT facility," Klieve explained.
The analyst added, "Along with a solid base in Cable, we see significant fiber and wireless growth potential.", revenue landed at $120.5 million, up 14% sequentially and 7% year-over-year. The figure also exceeded the Northland Capital analyst's $107.3 million estimate and was primarily driven by record wireless revenue of $50.4 million.
What's more, EverQuote's newer verticals are ramping up at a faster pace than its core Auto vertical, growing 55% year-over-year. This result was helped by a strong open enrollment period for the Health vertical. It should be noted that the Auto vertical still witnessed a 27% gain during the quarter.
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