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The Wall Street Publication > Blog > Markets > Zendesk Needs to Prove It’s Not Bananas
Markets

Zendesk Needs to Prove It’s Not Bananas

Editorial Board Published October 29, 2021
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Zendesk Needs to Prove It’s Not Bananas
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Zendesk investors already weren’t the calmest bunch. A surprise acquisition seems to have pushed them over the edge.

The provider of cloud-based customer support software services saw its shares trounced 13% three months ago as its second-quarter results missed Wall Street’s forecasts. The latest results reported late Thursday were better, with revenue 9% above analysts’ estimates and its projection for the fourth quarter also above expectations.

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