5 of the Best New Stocks of Q2 2014

These IPO hits have run off returns of more than 70% in just a few short months

       

Best New Stocks of Q2 – #3, Zendesk (ZEN)

Zendesk 185 5 of the Best New Stocks of Q2 2014Return: 99%

The quarter saw only a handful of cloud IPOs, but there was no lack of appetite for these new stocks, as we saw with Zendesk (ZEN).

Zendesk has built a solid business to provide customer service via the cloud, such as knowledge bases, email, chat and social media.

Growth certainly is in play here, as from 2012 to 2013, revenues jumped from $38.2 million to $72 million.

ZEN also has been a magnet for new customers, boasting a base of more than 42,000. Meanwhile, about 70% of the qualified leads come from organic search, customer referrals, and other unpaid sources.

However, Zendesk also suffered a $22.6 million loss in 2013, so the ZEN clearly has some room to go in solidifying its business.

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