BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Zendesk, Inc. (“Zendesk” or the “Company”) (NYSE: ZEN) investors concerning the Company and its officers’ possible violations of federal securities laws.
On July 30, 2019, Zendesk reported net loss of $54.5 million for second quarter 2019 and disclosed that sales growth in Europe, Middle East, and Africa and Asia-Pacific regions “didn’t quite live up to [the Company’s] own expectations, and lagg[ed] other regions.” As a result, Zendesk expected ongoing revenue growth of just 30%.
On this news, the Company’s stock price fell $9.56, or over 10%, to close at $83.56 per share on July 31, 2019, thereby injuring investors.
Then, on October 2, 2019, the Company disclosed that a data breach impacted customers who had signed up before November 2016.
On this news, Zendesk share price dropped $2.90, or nearly 4%, closing at $69.81 on October 2, 2019, thereby injuring investors further.
If you purchased Zendesk securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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