Zendesk Stock News

NEW YORK , Feb. 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for HUBS, SQ, AAPL, ZEN, and NVAX. … Full story available on Benzinga.com

By Svea Herbst-Bayliss BOSTON (Reuters) -Proxy advisory firm Glass, Lewis & Co is telling investors in Zendesk to vote against a planned takeover of Momentive Global, the parent company of web-based surveys Survey Monkey, arguing the company is not well positioned to follow through on the planned deal.

Glass Lewis recommends Zendesk investors vote against Momentive deal

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

SVB Leerink cut Illumina, Inc. (NASDAQ: ILMN) price target from $430 to $400. Illumina shares fell 0.7% to $355.70 in pre-market trading. Canaccord Genuity lowered Aspen Group, Inc. (NASDAQ: ASPU)

Proxy firm Glass Lewis recommended that Zendesk (ZEN) and Momentive Global (MNTV) holders vote against a combination of the companies

Online customer service platform Zendesk has rejected a $16bn acquisition offer brought forward by a consortium of private equity firms saying that it has significantly undervalued the company, Reuters reported.

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 Full story available on Benzinga.com

Zendek says it will press ahead with its planned acquisition of Momentive Global.

CRM vendor persisting with SurveyMonkey offer.

Zendesk (ZEN) delivered earnings and revenue surprises of -11.11% and 1.59%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Zendesk Inc, the software company under activist shareholder pressure to abandon its $3.9 billion all-stock acquisition of the parent of online survey portal SurveyMonkey, said on Thursday it had rejected an acquisition offer from a consortium of private equity firms for as much $16 billion.The offer from

Zendesk Chief Executive Mikkel Svane said the customer-service software company has said all it is going to say about rejecting an unsolicited acquisition offer.

Zendesk Inc.''s board on Thursday rejected an unsolicited takeover bid from Thoma Bravo LP and other private-equity firms in an all-cash transaction valued at $127 to $132 a share. Zendesk, which also faces a proxy fight from an activist investor seeking to torpedo its proposed purchase of SurveyMonkey parent company Momentive Global Inc. , issued the following statement: "Consistent with its fiduciary obligations, after careful review and consideration conducted in consultation with its independent financial and legal advisors, the Board concluded that this non-binding proposal significantly undervalues the Company and is not in the best interests of the Company and its shareholders. The proposal is not conditioned on the termination of Zendesk''s pending acquisition of Momentive." Shares of Zendesk are up 3.6% in after-hours trading Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.