Stock Alert: Zendesk Shares Reach All-Time High

(RTTNews) - Shares of software development company Zendesk Inc. (ZEN) touched an all-time high of $117.31 Friday morning, and are currently trading at $112.56, up $6.53 or 6.16% in today's regular trading session.

The company's Q3 net loss was $40.7 million or $0.35 per share compared to a loss of $34.2 million or $0.31 per share last year.

Non-GAAP net income was $21.1 million or $0.17 per share versus $14.0 million or $0.12 per share in the prior year period.

Revenue for the quarter increased to $261.9 million from $210.5 million generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.11 per share on revenue of $253.74 million for the quarter. Analysts' estimate typically exclude certain special items.

The company expects fourth-quarter revenue in the range of $274 million or $279 million, and full-year 2020 revenue between $1.020 billion and $1.025 billion. Analysts estimate revenue of $273.57 million for the quarter, and $1.01 billion for the year 2020.