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The Latest Breaking News from Zendesk

Zendesk To Be Acquired By Private Equity Firms; 'Investors Left Disappointed?'

Embattled software maker Zendesk on Friday agreed to be bought by private equity firms Hellman & Friedman and Permira.

Investors Business Daily

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE:ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.95 on June 23. The investor group includes a subsidiary…

Benzinga

Zendesk Stock Soars On $10.2 Billion Hellman & Friedman-Lead Private Equity Takeover Bid

“This is the start of a new chapter for Zendesk with partners that are aligned with the strength of our agile products and talented team," said CEO Mikkel Svane.

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Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24

Reuters

Benzinga

Dow Jones Jumps In Broad Rally; Zendesk Spikes On Buyout, China Stocks Keep Rising

Futures rose, with crude oil and Treasury yields also up. Zendesk soared on a buyout. Li Auto, Alibaba led China stocks higher.

Investors Business Daily

Zendesk, CalAmp, + 20 Stocks Moving In Friday's Pre-Market Session

Gainers ToughBuilt Industries, Inc. (NASDAQ: TBLT) rose 58% to $2.75 in pre-market trading after jumping 26% on Thursday. ToughBuilt Industries reported closing of $6 million public offering.

Benzinga

Here's Why Zendesk Shares Are Trading Higher Today

Zendesk, Inc (NYSE:ZEN) has almost reached a deal with a group of buyout firms, including Hellman & Friedman LLC and Permira, the Wall Street Journal reports. Zendesk, with a market value of ~$7 billion, was likely to strike a settlement agreement with activist investor Jana Partners LLC days after it declined to…

Benzinga

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Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

Zendesk Explores Settlement Discussions With Activist Investor Jana Partners

Customer engagement software solutions portfolio provider Zendesk, Inc (NYSE:ZEN) is exploring settlement options with activist investor Jana Partners LLC, days after the software company failed to divest itself, the Wall Street Journal reports. The truce could call for the exit of CEO Mikkel Svane and director Carl Bass. Bass, the former CEO of Autodesk Inc (NASDAQ:ADSK),…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 13, 2022

Upgrades

Benzinga

Where Zendesk Stands With Analysts

Zendesk (NYSE:ZEN) has observed the following analyst ratings within the last quarter:

Benzinga

Why Zendesk Shares Are Falling Today

Zendesk, Inc. (NYSE: ZEN) shares are trading lower after the company announced the board has unanimously determined it will continue to execute its strategic plan as an independent, public company following the company's comprehensive review of strategic alternatives.

Benzinga

Bay Area software company accused of systematic bias against women

A pair of recent lawsuits claims Bay Area software firm Zendesk systematically pays women less than men and discriminates and harasses women on the basis of pregnancy and gender.

Tribune News Service

Will Zendesk Continue to Outperform in 2022?

Customer service software company Zendesk Inc. (ZEN) has been making efforts to expand its operations. However, given its poor profitability and premium valuation, is it worth betting on its stock now? Let's discuss.

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Benzinga

Why Are Zendesk Shares Trading Higher Today

Software company Zendesk Inc (NYSE:ZEN), which became a takeover target during a failed purchase of SurveyMonkey parent Momentive Global Inc (NASDAQ:MNTV), is exploring a potential sale, Bloomberg reports. Zendesk rejected an acquisition offer from a consortium of private equity firms for as much as $16 billion, Reuters reports. Zendesk nixed the Momentive takeover after shareholders in both software companies questioned…

Benzinga

Hopeful Golden Cross Forms On Zendesk's Chart

If history is any guide, there may be good fortune ahead for shares of Zendesk (NYSE:ZEN). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Investors Business Daily

Zendesk Stock Earns Technical Rating Upgrade

A Relative Strength Rating upgrade for Zendesk shows improving technical performance. Will it continue?

Investors Business Daily

Zendesk Stock Shows Improving Market Leadership; Earns 81 RS Rating

A Relative Strength Rating upgrade for Zendesk shows improving technical performance.

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Benzinga

Jana Seeks Board Changes Or Sale For Zendesk

Activist investor Jana Partners asked Zendesk Inc (NYSE:ZEN) to institute significant board changes or a sale following the failed bid for SurveyMonkey parent Momentive Global Inc (NASDAQ:MNTV). Jana claimed that Zendesk's board received the lowest level of deal-related shareholder support in the last 20 years for its planned acquisition of Momentive. "This unprecedented rejection of the board's most consequential…

Benzinga

Here's Why Momentive Shares Are Trading Higher Today

Momentive Global Inc (NASDAQ:MNTV) reported fourth-quarter FY21 revenue growth of 16% year-on-year to $117.3 million, missing the consensus of $120.9 million. Enterprise sales revenue was $40.0 million, an increase of 34% Y/Y. Self-serve revenue was $77.4 million, an increase of 9% Y/Y. Paying users totaled 888,700, an increase of 8% Y/Y. The average…

Benzinga

Analyst Ratings For Zendesk

Over the past 3 months, 5 analysts have published their opinion on Zendesk (NYSE:ZEN) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

Here's Why Zendesk Shares Are Trading Higher Premarket

Zendesk Inc (NYSE:ZEN) reported fourth-quarter FY21 revenue growth of 32% year-on-year to $375.4 million, beating the consensus of $369.8 million. Adjusted EPS of $0.16 missed the consensus of $0.18. Zendesk sees Q1 FY22 revenue of $381 million - $387 million, versus the consensus of $383 million. Zendesk sees FY22 revenue of $1.675 billion…

Benzinga

Zendesk: Q4 Earnings Insights

Zendesk (NYSE:ZEN) reported its Q4 earnings results on Thursday, February 10, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Zendesk missed estimated earnings by 11.11%, reporting an EPS of $0.16 versus an estimate of $0.18.

Benzinga

A Preview Of Zendesk's Earnings

Zendesk (NYSE:ZEN) is set to give its latest quarterly earnings report on Thursday, 2022-02-10. Here's what investors need to know before the announcement. Analysts estimate that Zendesk will likely report an Earnings Per Share (EPS) of $21.06.

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