Zendesk (ZEN) Earning Somewhat Positive Press Coverage, Study Shows
News coverage about Zendesk (NYSE:ZEN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zendesk earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.5306661983097 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Elena Gomez Sells 1,200 Shares of Zendesk, Inc. (ZEN) Stock (americanbankingnews.com)
- Zendesk, Inc. :ZEN-US: Earnings Analysis: Q2, 2017 By the Numbers : September 18, 2017 (finance.yahoo.com)
- Zacks: Brokerages Expect Zendesk, Inc. (ZEN) Will Post Quarterly Sales of $108.96 Million (americanbankingnews.com)
- -$0.06 Earnings Per Share Expected for Zendesk, Inc. (ZEN) This Quarter (americanbankingnews.com)
- Zendesk, Inc. (ZEN) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
Zendesk (NYSE ZEN) opened at 28.06 on Friday. The company has a 50-day moving average of $27.66 and a 200-day moving average of $27.66. Zendesk has a 52 week low of $19.77 and a 52 week high of $31.36. The company’s market cap is $2.82 billion.
Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same period in the previous year, the business earned ($0.06) EPS. Zendesk’s revenue for the quarter was up 36.5% compared to the same quarter last year. On average, equities analysts expect that Zendesk will post ($0.17) EPS for the current year.
Several analysts recently weighed in on ZEN shares. Zacks Investment Research cut shares of Zendesk from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. BidaskClub cut shares of Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Stifel Nicolaus reiterated a “hold” rating on shares of Zendesk in a report on Friday, July 21st. KeyCorp reiterated a “buy” rating and issued a $35.00 price target on shares of Zendesk in a report on Friday, August 4th. Finally, Evercore ISI started coverage on shares of Zendesk in a report on Friday, September 8th. They set an “outperform” rating and a $34.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $33.09.
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In other Zendesk news, CFO Elena Gomez sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $28.87, for a total value of $34,644.00. Following the completion of the sale, the chief financial officer now owns 3,620 shares of the company’s stock, valued at $104,509.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Geschke sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $29.02, for a total value of $145,100.00. Following the completion of the sale, the senior vice president now directly owns 15,202 shares of the company’s stock, valued at approximately $441,162.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,285 shares of company stock worth $3,331,273. 5.30% of the stock is owned by corporate insiders.
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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