Zendesk, Inc. (ZEN) Just Recorded A Sigfniciant Increase

March 14, 2018 - By Dolores Ford

The stock of Zendesk, Inc. (NYSE:ZEN) is a huge mover today! The stock increased 5.84% or $2.69 during the last trading session, reaching $48.73. About 2.82M shares traded or 199.38% up from the average. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since March 14, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.
The move comes after 9 months positive chart setup for the $5.04B company. It was reported on Mar, 14 by Barchart.com. We have $52.63 PT which if reached, will make NYSE:ZEN worth $403.04 million more.

Analysts await Zendesk, Inc. (NYSE:ZEN) to report earnings on May, 3. They expect $-0.29 EPS, down 11.54 % or $0.03 from last year’s $-0.26 per share. After $-0.24 actual EPS reported by Zendesk, Inc. for the previous quarter, Wall Street now forecasts 20.83 % negative EPS growth.

Zendesk, Inc. (NYSE:ZEN) Ratings Coverage

Among 21 analysts covering Zendesk (NYSE:ZEN), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Zendesk had 57 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, October 9 the stock rating was downgraded by Stephens to “Sell”. The firm has “Buy” rating given on Thursday, October 12 by KeyBanc Capital Markets. Piper Jaffray initiated the stock with “Overweight” rating in Wednesday, June 1 report. Wells Fargo initiated the stock with “Outperform” rating in Wednesday, January 11 report. Goldman Sachs initiated the shares of ZEN in report on Friday, December 11 with “Buy” rating. As per Sunday, September 3, the company rating was maintained by RBC Capital Markets. Craig Hallum initiated the shares of ZEN in report on Tuesday, September 22 with “Buy” rating. On Thursday, August 27 the stock rating was initiated by Rosenblatt with “Buy”. The company was upgraded on Friday, September 11 by Credit Suisse. The firm has “Buy” rating given on Monday, July 18 by Summit Redstone Partners.

More recent Zendesk, Inc. (NYSE:ZEN) news were published by: Businesswire.com which released: “Zendesk, Inc. Announces Proposed Private Offering of $500 million of …” on March 14, 2018. Also Forbes.com published the news titled: “Zendesk Stands Little Chance Against Industry Goliaths” on March 13, 2018. Fool.com‘s news article titled: “Better Buy: Shopify Inc (SHOP) vs. Zendesk Inc (ZEN)” with publication date: February 26, 2018 was also an interesting one.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $5.04 billion. The Company’s flagship product includes Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. It currently has negative earnings. The firm also offers Zendesk Chat, a live chat software to connect with clients on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud call center software; Zendesk Help Center, a self-service destination with articles, interactive forums, and community; Zendesk Message, a customer messaging software; Zendesk Explore that makes customer data accessible across an organization; and Zendesk Connect, a customer intelligence software.

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