U.S. Markets open in 2 hrs 8 mins

Today’s Research Reports on Trending Tickers: The Ultimate Software and Zendesk

NEW YORK, NY / ACCESSWIRE / February 8, 2018 / On Wednesday, U.S. markets failed to continue on Tuesday's gains as investors worried about rising bond yields and interest rates. The Dow Jones Industrial Average dipped 0.08 percent to close at 24,893.35, while the S&P 500 Index fell 0.50 percent to close at 2,681.66. The Nasdaq Composite Index dropped 0.90 percent to close at 7,051.98.

"The market was positioned for great earnings, great growth, and no inflation or rates moving up to any meaningful degree. Now that goldilocks environment is gone, and we're back in a normal environment where we're getting both strong growth and higher rates. That readjustment is bringing some jitters," said Alec Young, managing director of global markets research at FTSE Russell.

RDI Initiates Coverage on:

The Ultimate Software Group, Inc.
https://rdinvesting.com/news/?ticker=ULTI

Zendesk, Inc.
https://rdinvesting.com/news/?ticker=ZEN

The Ultimate Software's stock jumped 7.19% Wednesday, to close the day at $232.17. The stock recorded a trading volume of 1,132,958 shares, which was above its three months average volume of 280,669 shares. In the last year, The Ultimate Software's shares have traded in a range of 181.59 - 242.93. The share price has gained 27.85% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $223.22 is greater than its 200-day moving average of $205.04. Shares of the company are trading at a Price to Earnings ratio of 242.87. Shares of The Ultimate Software have gained roughly 5.16 percent in the past month and are up 6.39 percent year-to-date.

Access RDI's The Ultimate Software Group, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ULTI

On Wednesday, shares of Zendesk recorded a trading volume of 4,250,001 shares, which was above the three months average volume of 775,700 shares. The stock ended the day 5.31% higher at 40.47. The share price has gained 66.63% from its 52 week low with a 52 week trading range of 24.30 - 42.35. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $36.14 is greater than its 200-day moving average of $31.81. Shares of Riot Zendesk have gained roughly 15.73 percent in the past month and are up 19.59 percent year-to-date.

Access RDI's Zendesk, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ZEN

Our Actionable Research on The Ultimate Software Group, Inc. (NASDAQ:ULTI) and Zendesk, Inc. (NYSE:ZEN) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com