Tag Archives: zen

Zendesk Can Challenge Salesforce.com, Analysts Say

Analysts initiated coverage on recent IPO Zendesk (ZEN) on Monday, saying the enterprise software maker can challenge Salesforce.com and older legacy vendors. Zendesk launched its IPO May 15, pricing at 9 and closing its debut day at 13.43, up 49%. Zendesk stock was up 8.5% in midday trading in the stock market today, near 16.70. At least five investment banks initiated coverage on Zendesk stock on Monday, with two rating it buy or the equivalent

Zendesk IPO Shows Investors Still Fly To The Cloud

Investors still have an appetite for the cloud, even in a widespread technology stock sell off. Shares of Zendesk (ZEN), a maker of cloud-based customer-service software, jumped by more than 44% in its IPO offering on the stock market today. Investors jumped on board the fast-growing Zendesk in spite of the company’s increasing losses and stiff competition from much larger rivals including Oracle (ORCL), Salesforce.com (CRM) and Microsoft (MSFT).