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Why Zuora Stock Plummeted on Thursday

TheMotleyFool

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Shares of Zuora (NYSE: ZUO) cratered on Thursday, falling about 33% as of 11:30 a.m. EDT.

The decline in the cloud-based subscription-management software company's stock follows its fiscal second-quarter earnings report. The market's pessimism for the stock on Thursday likely reflects the worse-than-expected revenue guidance management provided in the report for its fiscal third quarter.

Image source: Getty Images.

Source Fool.com

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