Media coverage about Zendesk (NYSE:ZEN) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring 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 nearest to one being the most favorable. Zendesk earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 41.6868277832908 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Arena Solutions Partners With BrightReps to Connect Customer Feedback to Product Development and Quality Processes (tmcnet.com)
- First Week of ZEN December 15th Options Trading (nasdaq.com)
- Zendesk, Inc. (ZEN) Expected to Announce Quarterly Sales of $119.60 Million (americanbankingnews.com)
- What’s Happening With These Application Software Stocks? — Box, Cloudera, RingCentral, and Zendesk – PR Newswire (press release) (prnewswire.com)
- Brokerages Expect Zendesk, Inc. (ZEN) Will Post Earnings of -$0.04 Per Share (americanbankingnews.com)
Zendesk (NYSE ZEN) traded down $0.34 during trading on Friday, hitting $33.71. The company had a trading volume of 384,900 shares, compared to its average volume of 1,043,822. Zendesk has a fifty-two week low of $20.86 and a fifty-two week high of $35.89.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $112.79 million during 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 company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. research analysts predict that Zendesk will post -1.03 EPS for the current fiscal year.
ZEN has been the topic of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research note on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price target on shares of Zendesk in a report on Sunday, October 15th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $33.00 price target on shares of Zendesk in a report on Tuesday, September 12th. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, October 5th. Finally, BidaskClub cut Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.13.
In other Zendesk news, Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $34.31, for a total transaction of $1,715,500.00. Following the completion of the sale, the chairman now directly owns 1,734,891 shares of the company’s stock, valued at approximately $59,524,110.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elena Gomez sold 1,200 shares of the business’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 sale, the chief financial officer now directly owns 3,620 shares of the company’s stock, valued at $104,509.40. The disclosure for this sale can be found here. Insiders have sold a total of 153,426 shares of company stock valued at $5,227,416 over the last three months. Company insiders own 5.30% of the company’s stock.
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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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