Zendesk (ZEN) so far is bucking a recent trend that found high-growth enterprise software stocks falling after the companies reported better-than-expected quarterly earnings. Zendesk stock was up 8.5% in morning trading in the stock market today, at a record high, after the maker of customer service software late Tuesday reported Q2 earnings — its first financial report since its May 15 IPO — that blew away analyst estimates. Zendesk’s loss
Zendesk lived up to its image of a young growth company by soundly beating top- and bottom-line estimates for the second quarter in its first report as a public company late Tuesday. The company’s revenue outlook for the current quarter also easily beat views. Zendesk’s (ZEN) stock jumped nearly 6% in after-hours trading after ending the day at 17.97 a share, up nearly 3%. Company shares have nearly doubled in price from its offering of 9 a share
Zendesk (ZEN) is expected to live up to its reputation as a fast-growth company when it reports its second-quarter earnings after the market close on Tuesday. The maker of customer service software, which competes against much larger rivals including Salesforce.com (CRM) and Oracle (ORCL), will be posting its first financials since launching its IPO on May 15. Zendesk stock was down a fraction in morning trading in the stock market today, near