Zendesk Can Challenge Salesforce.com, Analysts Say

By | June 9, 2014

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Analysts initiated coverage on recent IPO Zendesk (ZEN) on Monday, saying the enterprise software maker can challenge Salesforce.com and older legacy vendors. Zendesk launched its IPO May 15, pricing at 9 and closing its debut day at 13.43, up 49%. Zendesk stock was up 8.5% in midday trading in the stock market today, near 16.70. At least five investment banks initiated coverage on Zendesk stock on Monday, with two rating it buy or the equivalent Scalper1 News

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