Shares of Zendesk (NYSE: ZEN) were down about 16% after hours Thursday and 26% for the week, according to data from S&P Global Market Intelligence. While this was no doubt a rough week for shareholders, the company reported some solid numbers in its third-quarter earnings report.
However, in conjunction with that report came the announcement of a large acquisition. Apparently, Wall Street didn't think very highly of the deal, and shares reacted quite negatively.
Image source: Getty Images.
Source Fool.com