Zendesk stock fell after the enterprise software maker reported September-quarter earnings that were met with eye-opening view of the acquisition announcement global moment (MNTVand its own market research platform, SurveyMonkey. Zendesk’s fourth-quarter sales outlook is weighed down by Wall Street forecasts.
Based in San Francisco Zendisk (beautiful) released its third-quarter earnings after the market closed on Thursday. Intraday shareholders will receive 0.225 Zendesk shares for each Momentive share, a ratio Zendesk said represents an implied value of $28 for each Momentive share outstanding.
Zendesk’s earnings were 17 cents per share, the same as in the previous year. The company said revenue jumped 32% to $347 million.
Meanwhile, analysts expected Zendesk to report earnings of 17 cents per share on sales of $335.3 million for the quarter.
In extended trading stock market today, Zendesk stock fell 14% to close to 102. Intraday stocks fell 6.9% to 23.20.
Zendesk sells software that companies use to manage call centers and customer service websites.
Zendesk arrow: steering edges with estimates
For the current quarter ending in December, Zendesk said it expects revenue of $369 million at the guidance midpoint. Analysts had expected $363 million.
Program as a service provider tracks and prioritizes customer support tickets. Zendesk also sells a chatbot service that interacts with customers on websites.
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