Fly News Breaks for May 1, 2019
May 1, 2019 | 05:12 EDT
Jefferies analyst Samad Samana raised his price target for Zendesk to $102 from $90 saying the company beat Q1 consensus revenue, billings and operating margin. However, he believes the company's Q2 revenue guidance being only slightly above consensus at the midpoint might have disappointed some investors. The analyst, thought, thinks the guidance will likely prove conservative as enterprise tends to perform better after Q1. Samana maintains a Buy rating on Zendesk.
News For ZEN From the Last 2 Days
Jun 24, 2019 | 14:45 EDT
Bullish option flow detected in Zendesk with 1,408 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 38.11%. Jan-21 115 calls and Jul-19 100 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.46. Earnings are expected on July 30th.