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Zeta Global Shares Jump 16% as Marketing Software Firm Extends 20-Quarter Beat-and-Raise Streak This Week
['Tony Jackson']
International Business Times Australia
Shares climbed to $28.20, up 16.24%, continuing a rally that began Tuesday when the company's earnings report initially sent the stock up 7.54% to close at $24.26.
The move built on a year in which Zeta shares have already climbed nearly 50%, according to recent trading data, as the New York-based company has continued posting accelerating growth in its AI-driven marketing platform business.
In a statement, the company described the results as achieving positive GAAP net income for the second quarter, a milestone that adds to the company's continued push toward sustained profitability alongside its rapid top-line growth.
A Credit Facility to Support GrowthAlongside its earnings results, Zeta has continued strengthening its financial flexibility.
Some Caution Amid the RallyDespite the overwhelmingly positive market reaction, not every signal surrounding Zeta's stock has been unambiguously bullish.