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Zendesk (ZEN) Jumps: Stock Rises 5.5%

Zacks Equity Research

Zendesk, Inc. ZEN was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 24.4% in the past one-month time frame.

The move came after the company reported solid fourth-quarter 2018 financial results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Zendesk currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Zendesk, Inc. Price

Zendesk, Inc. Price | Zendesk, Inc. Quote

Investors interested in the Internet - Software industry may consider Inseego Corp. INSG, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is ZEN going up? Or down? Predict to see what others think:Up or Down

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