Equities research analysts forecast that Zendesk Inc (NYSE:ZEN) will post sales of $126.45 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Zendesk’s earnings, with the lowest sales estimate coming in at $126.00 million and the highest estimate coming in at $127.00 million. Zendesk reported sales of $93.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 36%. The business is scheduled to issue its next earnings report on Thursday, May 3rd.
On average, analysts expect that Zendesk will report full year sales of $126.45 million for the current year, with estimates ranging from $560.00 million to $570.50 million. For the next financial year, analysts anticipate that the firm will post sales of $726.29 million per share, with estimates ranging from $709.00 million to $758.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Zendesk.
Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $123.43 million for the quarter, compared to analyst estimates of $119.68 million. Zendesk had a negative return on equity of 32.48% and a negative net margin of 25.70%. Zendesk’s revenue was up 39.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.04) earnings per share.
A number of research firms recently issued reports on ZEN. ValuEngine raised Zendesk from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus lifted their price target on Zendesk from $33.00 to $38.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Craig Hallum reissued a “buy” rating and issued a $45.00 price target (up previously from $37.00) on shares of Zendesk in a research note on Wednesday, February 7th. Piper Jaffray reissued a “buy” rating and issued a $46.00 price target on shares of Zendesk in a research note on Wednesday, February 7th. Finally, Cowen lifted their price target on Zendesk from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $42.33.
In other Zendesk news, Director Elizabeth A. Nelson sold 20,000 shares of Zendesk stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.51, for a total transaction of $790,200.00. Following the transaction, the director now owns 63,833 shares of the company’s stock, valued at approximately $2,522,041.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elena Gomez sold 5,000 shares of Zendesk stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the chief financial officer now directly owns 13,382 shares in the company, valued at approximately $669,100. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,443 shares of company stock worth $7,979,925. Company insiders own 5.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new position in Zendesk during the 4th quarter valued at about $132,000. SG Americas Securities LLC purchased a new position in Zendesk during the 3rd quarter valued at about $193,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Zendesk by 47.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after acquiring an additional 1,836 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Zendesk during the 4th quarter valued at about $210,000. Finally, Invictus RG purchased a new position in Zendesk during the 4th quarter valued at about $268,000. 93.22% of the stock is currently owned by institutional investors.
NYSE:ZEN traded up $0.08 during mid-day trading on Monday, reaching $45.17. 1,031,763 shares of the stock were exchanged, compared to its average volume of 1,206,280. The firm has a market cap of $4,661.47, a P/E ratio of -43.85 and a beta of 1.51. Zendesk has a 1-year low of $24.49 and a 1-year high of $50.15.
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Zendesk Company Profile
Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.
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