Why Zendesk Stock Rose 11% in March [The Motley Fool]
Zendesk, Inc. (ZEN)
Last zendesk, inc. earnings: 4/30 04:16 pm
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US:NYSE Investor Relations:
investor.zendesk.com/ir-home/default.aspx
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Source: The Motley Fool
Its push into the enterprise market could open avenues for faster sales growth. Demitrios Kalogeropoulos ( TMFSigma ) Apr 6, 2018 at 10:20AM What happened Software specialist Zendesk ( NYSE:ZEN ) beat the market last month by gaining 11% compared to a 3% decrease in the S&P 500 , according to data provided by S&P Global Market Intelligence . ZEN data by YCharts That boost followed a 12% rally in the prior month to help Zendesk shares rise by over 30% so far this year. So what Zendesk secured $500 million of debt during the month, which management said it may use to acquire complementary businesses, products, services, or technologies. Yet there are no firm plans for such a purchase, and so investors likely bid shares higher last month in hopes that its next quarterly report will at least meet management's target of roughly 36%
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