San Francisco-based Zendesk, Inc. (ZEN) is a software development company that offers software as a service solution to businesses in the United States, Europe, the Middle East, Africa, Asia-Pacific, and worldwide. Zendesk Support, its flagship offering, is a system for monitoring, prioritizing, and resolving customer support issues across several channels. The stock has gained 33.7% in price over the past three months as the enterprise software company hit the M&A headlines following news that it had recruited an adviser to explore a potential sale.
However, its shares are down 19.8% in price over the past year and 18% over the past nine months to close yesterday's trading session at $123.08. In addition, in February, Wolfe Research downgraded the stock to peer perform, citing the company’s 2022 guidance, which points to decelerating growth and margin contraction.
