Zendesk (NYSE:ZEN) Issues Earnings Results

Zendesk (NYSE:ZEN) posted its quarterly earnings data on Thursday. The software maker reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.34, MarketWatch Earnings reports. The company had revenue of $246.66 million during the quarter, compared to analysts’ expectations of $239.82 million. Zendesk had a negative net margin of 19.24% and a negative return on equity of 22.07%. Zendesk updated its Q3 2020
After-Hours guidance to EPS and its Q3 guidance to $0.08-0.12 EPS.

Shares of ZEN opened at $91.15 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.44. Zendesk has a 12-month low of $50.23 and a 12-month high of $101.94. The firm has a 50-day moving average price of $88.52 and a 200 day moving average price of $79.73.

In related news, CAO Ying Christina Liu sold 439 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $83.87, for a total value of $36,818.93. Following the completion of the sale, the chief accounting officer now owns 1,068 shares of the company’s stock, valued at $89,573.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Inamarie Johnson sold 406 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $85.00, for a total transaction of $34,510.00. Following the transaction, the insider now directly owns 19,788 shares of the company’s stock, valued at approximately $1,681,980. The disclosure for this sale can be found here. Insiders sold 142,594 shares of company stock valued at $11,218,424 in the last three months. 4.30% of the stock is currently owned by insiders.

A number of research firms have weighed in on ZEN. Stifel Nicolaus reduced their price objective on shares of Zendesk from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Craig Hallum reduced their price objective on shares of Zendesk from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, April 27th. ValuEngine cut shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Canaccord Genuity upped their target price on shares of Zendesk from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Bank of America upped their target price on shares of Zendesk from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Zendesk currently has a consensus rating of “Buy” and an average target price of $99.05.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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Earnings History for Zendesk (NYSE:ZEN)

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