What's Happening With These Application Software Stocks? -- Box, Cloudera, RingCentral, and Zendesk

NEW YORK, Dec. 01, 2017 /PRNewswire/ --

In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on BOX, CLDR, RNG, and ZEN which is a click away at www.wallstequities.com/registration. Research reports have been issued by WallStEquities.com on Box Inc. (NYSE: BOX), Cloudera Inc. (NYSE: CLDR), RingCentral Inc. (NYSE: RNG), and Zendesk Inc. (NYSE: ZEN). These equities are part of the Application Software space, which creates, licenses, and sells software for a variety of uses, including personal and enterprise use. Application software makers are usually structured as corporations, and offer average dividend yields. See what Wall St. Equities' research desk has to say about these stocks, join our members and enjoy of your free research reports at: www.wallstequities.com/registration

Box

On Thursday, shares in California headquartered Box Inc. saw a decline of 4.15%, ending the day at $21.03. The stock recorded a trading volume of 6.06 million shares, which was above its three months average volume of 2.01 million shares. The Company's shares have advanced 7.19% over the previous three months and 51.73% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.32% and 12.02%, respectively. Moreover, shares of Box have a Relative Strength Index (RSI) of 41.71.  

On November 29^th, 2017, Box announced financial results for Q3 FY18. Revenue for the quarter was a record $129.3 million; GAAP operating loss was $42.6 million; and GAAP net loss per share, basic and diluted, was $0.32 on 135 million shares outstanding. Net cash provided by operating activities in Q3 FY18 totaled $14.1 million, and free cash flow was $6.3 million. Looking for insightful coverage on BOX sign up for free at: www.wallstequities.com/registration/?symbol=BOX

Cloudera

Shares in California headquartered Cloudera Inc. ended the day 1.41% higher at $15.83 with a total trading volume of 1.29 million shares. In the last month, the stock has gained 4.63%. The Company's shares are trading slightly below their 50-day moving average by 0.78%. Furthermore, shares of Cloudera have an RSI of 49.67. 

On November 15^th, 2017, Cloudera announced that Komatsu, a leading global heavy equipment manufacturer, has implemented a cloud-based Industrial Internet of Things analytics platform powered by Cloudera Enterprise and Microsoft Azure. The platform enables Komatsu teams to help mining customers around the world continuously monitor the performance of some of the largest equipment used in surface and underground mining, increase asset utilization and productivity, and deliver essential resources including energy and industrial minerals for the global economy. Today's complimentary research report on CLDR is accessible at: www.wallstequities.com/registration/?symbol=CLDR

RingCentral

At the close of trading on Thursday, shares in California headquartered RingCentral Inc. finished 0.74% lower at $47.15. A total volume of 531,400 shares was traded, which was above their three months average volume of 494,830 shares. The stock has advanced 11.86% in the last one month, 11.33% over the previous three months, and 128.88% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 7.56% and 30.55%, respectively. Additionally, shares of RingCentral have an RSI of 53.82. 

On November 08^th, 2017, RingCentral announced its financial results for Q3 ended September 30^th, 2017. For Q3 2017, total revenue was $129.8 million; total gross margin was 76.3%; and GAAP net loss per share was $(0.07). Total cash and cash equivalents at the end of the quarter was $172.3 million. Register now for your free research document on RNG at: www.wallstequities.com/registration/?symbol=RNG

Zendesk

California headquartered Zendesk Inc.'s shares recorded a trading volume of 1.34 million shares at the end of yesterday's session, which was above their three months average volume of 851,980 shares. The stock closed the day 1.44% lower at $33.61. The Company's shares have advanced 8.42% in the past month, 22.66% in the previous three months, and 58.54% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.41% and 17.34%, respectively. Additionally, shares of Zendesk, which provides software-as-a-service products for organizations, have an RSI of 49.87.  

On November 09^th, 2017, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral' while revising its previous target price from $37 a share to $38 a share.

On November 28^th, 2017, Zendesk announced that Tom Keiser, COO, and Marc Cabi, Vice President of Strategy and Head of Investor Relations, will present at the Wells Fargo Tech Summit on December 05^th, 2017, at The St. Regis Deer Valley in Park City, Utah. The presentation is scheduled for 10:30 a.m. MT. A live webcast will be accessible on the Company's investor website. Click on the link below and see our free report ZEN at: www.wallstequities.com/registration/?symbol=ZEN

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