SHAREHOLDER ALERT: The Law Offices of Timothy L. Miles Announces Zendesk, Inc. (ZEN) Sued for Misleading Shareholders; Zendesk Sharehoders Urged to Contact the Firm

HENDERSONVILLE, TN / ACCESSWIRE / November 14, 2019 / The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, reminds shareholders that a purchaser of Zendesk, Inc. (ZEN) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between February 6, 2019 and October 1, 2019. Zendesk is a software development company that provides Software as a Service ("SaaS") products for organizations.

Zendesk, Inc. (ZEN) Fails to Disclose Data Breach

According to the complaint, throughout the relevant period, Zendesk's financial results boasted large year-over-year revenue increases and assured investors the Company "[was] seeing strong global demand and revenue growth in every region." However, Zendesk's financial statements were misleading and had failed to disclose that its clients had been subject to data breaches since 2016 and that the Company was experiencing slowing demand for its SaaS offerings. Then, on July 30, 2019, Zendesk issued a press release that revealed an increase of $54.5 million in net losses and a revenue growth rate that had fallen short of previously reported expectations. On this news, Zendesk's share price fell $10 per share to close at $83.56 per share. On October 2, 2019, Zendesk finally revealed that the Company had experienced a data breach in 2016 and was working to determine what data was exposed. On this news, Zendesk's share price fell another $2.90 per share to close at $69.81.

Zendesk Sharehoders Urged to Contact the Firm

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 Timothy L. Miles, Esquire, at 615-587-738, Toll-Free at 855-846-6529, or by email to tmiles@timmileslaw.com. If you inquire by email please include your mailing address, telephone number, and the number shares owned.

About Timothy L. Miles

Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentely selected by Martindale-Hubbell® and ALM as a 2019 Top Rated Litigator and also as a 2019 Elite Lawyer of The South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Awards: 2019 Elite Lawyer of The South by Martindale-Hubbell® and ALM (2019); Member of the Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association (2017-2019); AV® Preeminent™ Rating by Martindale-Hubble® (2014-2019); PRR AV Preeminent Rating on Lawyers.com (2017 & 2019); The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability (Martindale-Hubble® 2015); Lifetime Achievement Award by Premier Lawyers of America (2019); Superb Rated Attorney (Avvo); Avvo Top Rated Lawyer for 2017 & 2018 (Avvo).

Contact:

Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
124 Shiloh Ridge
Hendersonville, TN 37075
Telephone: (855-846-6529)
Email: tmiles@timmileslaw.com Website: www.timmileslaw.com

SOURCE: The Law Offices of Timothy L. Miles

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