Somewhat Positive News Coverage Somewhat Unlikely to Affect Zendesk (ZEN) Share Price
News stories about Zendesk (NYSE:ZEN) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Zendesk earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 41.9238233736662 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Zendesk : SightCall makes it easier than ever before to see what your Customers see with our new Zendesk Partnership (4-traders.com)
- San Francisco's mayor oversaw tax break that helped spark a new tech boom in the city (finance.yahoo.com)
- Free Post Earnings Research Report: Zendesk’s Revenue Surged 39.73% (finance.yahoo.com)
- Arena Solutions Partners With BrightReps to Connect Customer Feedback to Product Development and Quality Processes (tmcnet.com)
Zendesk (NYSE:ZEN) traded down $0.06 during midday trading on Tuesday, reaching $33.94. The company’s stock had a trading volume of 534,780 shares, compared to its average volume of 1,038,844. Zendesk has a 12-month low of $20.86 and a 12-month high of $35.89.
Zendesk (NYSE:ZEN) last released its earnings results on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $112.79 million for the quarter, compared to analysts’ expectations of $109.19 million. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. equities research analysts expect that Zendesk will post -1.03 earnings per share for the current fiscal year.
Several research firms have recently weighed in on ZEN. ValuEngine cut Zendesk from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. UBS reiterated a “neutral” rating and set a $38.00 price objective (up previously from $37.00) on shares of Zendesk in a report on Thursday, November 9th. Canaccord Genuity lifted their price objective on Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. KeyCorp reiterated a “buy” rating and set a $35.00 price objective on shares of Zendesk in a report on Friday, August 25th. Finally, Zacks Investment Research cut Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Zendesk has a consensus rating of “Buy” and an average price target of $34.13.
In other Zendesk news, CFO Elena Gomez sold 8,079 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.00, for a total transaction of $282,765.00. Following the transaction, the chief financial officer now owns 5,151 shares of the company’s stock, valued at approximately $180,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adrian Mcdermott sold 1,766 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $28.87, for a total value of $50,984.42. Following the transaction, the insider now directly owns 80,581 shares in the company, valued at approximately $2,326,373.47. The disclosure for this sale can be found here. Insiders sold a total of 143,426 shares of company stock worth $4,934,116 in the last 90 days. Company insiders own 5.30% of the company’s stock.
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.
Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.