Zendesk, Inc. (ZEN) Set to Announce Earnings on Wednesday, November 1st
Zendesk, Inc. (NYSE:ZEN) will release its earnings data 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 released its earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.20). Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The business had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same quarter last year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 36.5% compared to the same quarter last year. On average, analysts expect Zendesk to post $-1.07 EPS for the current fiscal year and $-1.09 EPS for the next fiscal year.
Zendesk, Inc. (NYSE:ZEN) traded down 1.15% during mid-day trading on Monday, hitting $30.94. The stock had a trading volume of 40,531 shares. Zendesk, Inc. has a one year low of $19.77 and a one year high of $31.95. The company’s market cap is $3.11 billion. The firm’s 50-day moving average price is $29.11 and its 200 day moving average price is $28.00.
Several equities analysts recently issued reports on the company. Stephens lowered Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research note on Monday, October 9th. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, October 5th. KeyCorp reissued a “buy” rating and set a $35.00 target price on shares of Zendesk in a research note on Sunday, October 15th. Royal Bank Of Canada reissued a “buy” rating and set a $35.00 target price on shares of Zendesk in a research note on Wednesday, October 18th. Finally, ValuEngine lowered Zendesk from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Zendesk has an average rating of “Buy” and a consensus price target of $32.69.
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In other news, CFO Elena Gomez sold 1,200 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $30.10, for a total value of $36,120.00. Following the transaction, the chief financial officer now owns 3,925 shares in the company, valued at approximately $118,142.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mikkel Svane sold 50,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $28.10, for a total value of $1,405,000.00. Following the completion of the transaction, the chairman now owns 1,730,990 shares in the company, valued at approximately $48,640,819. The disclosure for this sale can be found here. Insiders sold a total of 87,516 shares of company stock worth $2,480,779 in the last ninety days. 5.30% of the stock is owned by corporate insiders.
Zendesk Company Profile
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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