Could Zendesk, Inc. (ZEN) See a Reversal After This Very Strong Session?

March 14, 2018 - By Marie Mckinney

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 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. Wells Fargo initiated the stock with “Outperform” rating in Wednesday, January 11 report. Rosenblatt reinitiated the stock with “Buy” rating in Wednesday, March 8 report. The rating was maintained by Goldman Sachs on Tuesday, April 19 with “Buy”. KeyBanc Capital Markets maintained the shares of ZEN in report on Thursday, October 12 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, January 17. The stock has “Buy” rating by RBC Capital Markets on Wednesday, October 18. On Sunday, July 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Zendesk, Inc. (NYSE:ZEN) has “Buy” rating given on Wednesday, February 7 by Piper Jaffray. As per Wednesday, February 7, the company rating was maintained by Cowen & Co. The stock of Zendesk, Inc. (NYSE:ZEN) has “Overweight” rating given on Thursday, September 10 by Morgan Stanley.

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