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The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Zendesk, Inc. Investors (ZEN)

December 18, 2019 GMT

LOS ANGELES--(BUSINESS WIRE)--Dec 18, 2019--

The Law Offices of Frank R. Cruz (“FRC”) 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.

If you are a shareholder who suffered a loss, click here to participate.

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.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

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 Frank R. Cruz, of FRC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to fcruz@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191218005694/en/

CONTACT: The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Law Offices of Frank R. Cruz

Copyright Business Wire 2019.

PUB: 12/18/2019 02:23 PM/DISC: 12/18/2019 02:23 PM

http://www.businesswire.com/news/home/20191218005694/en