Zendesk, Inc. (NYSE:ZEN) will post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Zendesk to post earnings of ($0.06) per share for the quarter.
Zendesk (NYSE:ZEN) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). Zendesk had a negative net margin of 29.34% and a negative return on equity of 32.10%. The firm had revenue of $101.30 million during the quarter, compared to analyst estimates of $99.47 million. During the same quarter last year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was up 36.5% on a year-over-year basis. On average, analysts expect Zendesk to post $-0.17 EPS for the current fiscal year and $-0.03 EPS for the next fiscal year.
Shares of Zendesk, Inc. (ZEN) opened at 30.27 on Tuesday. The company has a 50-day moving average of $29.48 and a 200 day moving average of $28.12. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.95. The firm’s market capitalization is $3.04 billion.
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In related news, insider Adrian Mcdermott sold 1,766 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $26.42, for a total transaction of $46,657.72. Following the sale, the insider now directly owns 80,435 shares in the company, valued at approximately $2,125,092.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elena Gomez sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $30.10, for a total transaction of $36,120.00. Following the sale, the chief financial officer now owns 3,925 shares in the company, valued at $118,142.50. The disclosure for this sale can be found here. Insiders have sold a total of 85,823 shares of company stock worth $2,429,819 over the last 90 days. 5.30% of the stock is currently owned by corporate insiders.
A number of equities research analysts have issued reports on ZEN shares. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, October 5th. Piper Jaffray Companies reiterated a “buy” rating and issued a $33.00 target price on shares of Zendesk in a research note on Tuesday, September 12th. BidaskClub cut shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. KeyCorp reiterated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.86.
Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.
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