Why Shares of Zendesk Are Surging Today

Why Shares of Zendesk Are Surging Today

Shares of customer service software provider Zendesk (NYSE: ZEN) jumped on Thursday following a strong third-quarter report. Zendesk beat analyst estimates across the board, with revenue growth accelerating compared to the second quarter. The stock was up about 12.5% at 11 a.m. EDT.

Zendesk reported third-quarter revenue of $112.8 million, up 40% year over year and about $3.6 million higher than the average analyst estimate. Paid customer accounts reached roughly 114,000, up from 107,000 at the end of the second quarter.

Image source: Zendesk.

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Source: Fool.com