Brokerages predict that Zendesk, Inc. (NYSE:ZEN) will report $108.96 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Zendesk’s earnings, with estimates ranging from $108.60 million to $109.50 million. Zendesk posted sales of $80.72 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 35%. The business is expected to announce its next earnings results on Tuesday, November 7th.
On average, analysts expect that Zendesk will report full year sales of $108.96 million for the current year, with estimates ranging from $421.00 million to $423.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $548.18 million per share, with estimates ranging from $538.00 million to $564.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Zendesk.
Zendesk (NYSE:ZEN) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $101.30 million for the quarter, compared to analyst estimates of $99.47 million. During the same period in the previous year, the business posted ($0.06) earnings per share. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year.
Several brokerages have recently commented on ZEN. Zacks Investment Research lowered Zendesk from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub lowered Zendesk from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Piper Jaffray Companies reiterated a “buy” rating and set a $33.00 price objective on shares of Zendesk in a research report on Tuesday, September 12th. ValuEngine upgraded Zendesk from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, KeyCorp restated a “buy” rating and set a $35.00 price target on shares of Zendesk in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $33.09.
Shares of Zendesk (NYSE ZEN) opened at 28.66 on Monday. The stock’s 50 day moving average price is $27.70 and its 200-day moving average price is $27.64. The firm’s market capitalization is $2.88 billion. Zendesk has a 52 week low of $19.77 and a 52 week high of $31.36.
In other Zendesk news, Chairman Mikkel Svane sold 50,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $28.10, for a total value of $1,405,000.00. Following the completion of the sale, the chairman now owns 1,730,990 shares in the company, valued at approximately $48,640,819. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Elena Gomez sold 1,431 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $27.06, for a total value of $38,722.86. Following the completion of the sale, the chief financial officer now owns 6,157 shares of the company’s stock, valued at approximately $166,608.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,085 shares of company stock valued at $3,587,804. Company insiders own 5.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in Zendesk by 2.0% in the 2nd quarter. FMR LLC now owns 14,844,224 shares of the software maker’s stock worth $412,372,000 after buying an additional 293,055 shares during the period. BlackRock Inc. lifted its holdings in Zendesk by 54.9% in the 2nd quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after buying an additional 3,133,287 shares during the period. Vanguard Group Inc. lifted its holdings in Zendesk by 10.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock worth $204,615,000 after buying an additional 721,652 shares during the period. Franklin Resources Inc. lifted its holdings in Zendesk by 1.6% in the 2nd quarter. Franklin Resources Inc. now owns 5,119,444 shares of the software maker’s stock worth $142,213,000 after buying an additional 79,039 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Zendesk in the 2nd quarter worth approximately $137,975,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
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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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