Zendesk (ZEN) is a company that offers customer relationship management [CRM] solutions to other companies. Zendesk provides a software-as-a-service [SaaS] subscription format, which allows for recurring revenue.
Zendesk has compelling above-average growth. However, the stock reached a high valuation level. It would probably be better for investors to be patient and wait for a pullback in the stock. The stock can be placed on a watch list for a better entry point.
The company attracted many well-known customers such as Shopify (SHOP), Uber (UBER), Coursera, Venmo (PYPL),