Long Position on ZEN @ $82.50 on 4/25/2019 (Momentum)

Zendesk, Inc. (ZEN) is a software development company.

The ompany provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

In addition, it operates a developer platform that allows organizations to extend the functionality of its family of products, integrate into internal and third-party systems, and customize the experience for their employees and customers. It has operations in the United States, Europe, the Middle East, Africa, and internationally.

Shares are heading higher in an upward trading channel. The company is schdeuled to report its results on April 30th. This is how the last earnings report was: 

Zendesk (ZEN) reported 4th Quarter December 2018 earnings of $0.10 per share on revenue of $172.2 million. The consensus earnings estimate was $0.03 per share on revenue of $165.9 million.  The company said it expects first quarter revenue of $178.0 million to $180.0 million and 2019 revenue of $795.0 million to $805.0 million. Higher share prices are expected.

Entry Point: $82.50

Stop Loss: $78.00

Trading Range: $45.60 - $86.85

Target Price: $90.75

Updates

6/10/2019 1:47:15 PM

ZEN closed at $92.52

Position closed on 6/10/2019 at price of $92.52 with a 12.15% gain in 46 days.

Back to Portfolio