(VIANEWS) – Zendesk Inc. shares dropped on Thursday, following disappointing quarterly results that were below Wall Street’s expectations. After a 0.2% drop in regular trading, Zendesk shares fell 10% to close at 150.52. According to the company, it reported a loss in its second quarter of $58.4million, which is 49 cents per share. This compares with $64.7 million (56 cents per share) for the same period last year. The revenue grew to $318.2million from $246.7 million during the previous quarter.
Analysts had predicted revenue of $335.8million.
Shares of Zendesk (ZEN) dropped 9.31% to $136.50 at 09:50 EST on Friday, following the last session’s upward trend. NYSE Composite is rising 0.75% to $16,697.14, after two successive sessions in a row of gains. This seems, at the moment, a somewhat up trend exchanging session today.
Zendesk’s last close was $137.05, 17.74% below its 52-week high of $166.60.
Today’s last reported volume for Zendesk is 482717 which is 51.25% below its average volume of 990248.
Zendesk’s sales growth is 32.9% for the current quarter and 28.1% for the next.
Year-on-year quarterly revenue growth grew by 25.5%, now sitting on 1.09B for the twelve trailing months.
Zendesk’s Stock Yearly Top and Bottom Value
Zendesk’s stock is valued at $136.50 at 09:50 EST, way under its 52-week high of $166.60 and way above its 52-week low of $85.19.
Zendesk’s Moving Average
Zendesk’s value is under its 50-day moving average of $142.09 and below its 200-day moving average of $142.22.
Previous days news about Zendesk (ZEN)
Zendesk stock drops as results fall short of street view. According to Market Watch on Thursday, 29 July, “For the third quarter, Zendesk expects revenue of $332 million to $337 million, while analysts had forecast revenue of $335.8 million.”
: zendesk stock drops as results fall short of street view. According to MarketWatch on Thursday, 29 July, “For the third quarter, Zendesk expects revenue of $332 million to $337 million, while analysts had forecast revenue of $335.8 million.”
More news about Zendesk (ZEN).