The stock of Zendesk (NYSE: ZEN) plunged 14% on June 9 after the company said it would remain independent following a strategic review. The cloud-based customer relationship management (CRM) company had been mulling a sale, but said the process ultimately "did not yield any actionable options" amid "adverse market conditions and financing difficulties" for its final bidders. In a statement, CEO Mikkel Svane said its board "unanimously determined that the right path to sustainably grow stockholder value lies in advancing Zendesk as an independent business." Read More...
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