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NYSE:WORK - Slack Stock Price, Forecast & News

$20.42
-0.33 (-1.59 %)
(As of 12/12/2019 02:44 PM ET)
Today's Range
$20.21
Now: $20.42
$20.95
50-Day Range
$20.14
MA: $21.73
$23.38
52-Week Range
$19.53
Now: $20.42
$42.00
Volume264,477 shs
Average Volume9.31 million shs
Market Capitalization$11.11 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.

Industry, Sector and Symbol

Industry Miscellaneous business services
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
CIKN/A
Phone855-980-5920

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$400.55 million
Book Value$1.37 per share

Profitability

Net Income$-140,680,000.00

Miscellaneous

Employees1,664
Market Cap$11.11 billion
Next Earnings Date3/4/2020 (Estimated)
OptionableNot Optionable

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Slack (NYSE:WORK) Frequently Asked Questions

What is Slack's stock symbol?

Slack trades on the New York Stock Exchange (NYSE) under the ticker symbol "WORK."

How were Slack's earnings last quarter?

Slack (NYSE:WORK) issued its earnings results on Wednesday, December, 4th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.07. The business earned $168.70 million during the quarter, compared to the consensus estimate of $156.14 million. Slack had a negative return on equity of 554.57% and a negative net margin of 90.86%. The company's quarterly revenue was up 59.8% on a year-over-year basis. View Slack's Earnings History.

When is Slack's next earnings date?

Slack is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for Slack.

What guidance has Slack issued on next quarter's earnings?

Slack updated its fourth quarter earnings guidance on Wednesday, December, 4th. The company provided earnings per share (EPS) guidance of ($0.07-0.06) for the period, compared to the Thomson Reuters consensus estimate of ($0.07). The company issued revenue guidance of $172-174 million, compared to the consensus revenue estimate of $173.02 million.

What price target have analysts set for WORK?

18 Wall Street analysts have issued 12 month price objectives for Slack's stock. Their forecasts range from $14.00 to $44.00. On average, they expect Slack's stock price to reach $31.39 in the next year. This suggests a possible upside of 54.3% from the stock's current price. View Analyst Price Targets for Slack.

What is the consensus analysts' recommendation for Slack?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slack in the last year. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Slack.

What are Wall Street analysts saying about Slack stock?

Here are some recent quotes from research analysts about Slack stock:
  • 1. According to Zacks Investment Research, "Slack Technologies Inc. operates Slack, a business technology software platform primarily in the United States and internationally. Its platform sells software-as-a-service model. Slack Technologies Inc. is based in San Francisco, California. " (12/11/2019)
  • 2. KeyCorp analysts commented, "We estimate revenue growth could exceed 53% y/y even with a slight drag from service outage credits. We remain buyers of WORK as a category pioneer with multi-billion-dollar revenue potential, particularly given shares have declined 26% from the opening direct listing price of $38.50 vs. Nasdaq -1%." (8/25/2019)

Has Slack been receiving favorable news coverage?

Headlines about WORK stock have trended very negative on Thursday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Slack earned a media sentiment score of -3.1 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Slack.

Are investors shorting Slack?

Slack saw a decline in short interest in the month of November. As of November 29th, there was short interest totalling 42,750,000 shares, a decline of 6.3% from the November 14th total of 45,640,000 shares. Based on an average daily volume of 9,460,000 shares, the short-interest ratio is currently 4.5 days. Approximately 24.0% of the shares of the stock are short sold. View Slack's Current Options Chain.

Who are some of Slack's key competitors?

What other stocks do shareholders of Slack own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Slack investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Netflix (NFLX), salesforce.com (CRM), Twilio (TWLO), Roku (ROKU), Square (SQ), Paypal (PYPL) and Micron Technology (MU).

When did Slack IPO?

(WORK) raised $4.8 billion in an IPO on Thursday, June 20th 2019. The company issued 118,400,000 shares at a price of $38.25-$42.00 per share. DPO (Direct Public Offering) acted as the underwriter for the IPO.

Who are Slack's major shareholders?

Slack's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Gilder Gagnon Howe & Co. LLC (0.54%), Calamos Advisors LLC (0.14%), Glynn Capital Management LLC (0.12%), KAMES CAPITAL plc (0.08%), Millennium Management LLC (0.07%) and JS Capital Management LLC (0.06%). Company insiders that own Slack stock include Allen Shim, Brandon Zell, Cal Henderson, Chamath Palihapitiya, David Schellhase, Parallel Fund Iv-A LP Ah, Robert Frati, Stewart Butterfield and Thomas C Leonard. View Institutional Ownership Trends for Slack.

Which major investors are selling Slack stock?

WORK stock was sold by a variety of institutional investors in the last quarter, including Creative Planning, Golden State Wealth Management LLC and Coastal Investment Advisors Inc.. Company insiders that have sold Slack company stock in the last year include Allen Shim, Brandon Zell, Cal Henderson, Chamath Palihapitiya, David Schellhase, Parallel Fund Iv-A LP Ah, Robert Frati, Stewart Butterfield and Thomas C Leonard. View Insider Buying and Selling for Slack.

Which major investors are buying Slack stock?

WORK stock was acquired by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, KAMES CAPITAL plc, Gilder Gagnon Howe & Co. LLC, California Public Employees Retirement System, Glynn Capital Management LLC, Bingham Osborn & Scarborough LLC, Millennium Management LLC and Commerzbank Aktiengesellschaft FI. View Insider Buying and Selling for Slack.

How do I buy shares of Slack?

Shares of WORK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Slack's stock price today?

One share of WORK stock can currently be purchased for approximately $20.34.

How big of a company is Slack?

Slack has a market capitalization of $11.07 billion and generates $400.55 million in revenue each year. Slack employs 1,664 workers across the globe.View Additional Information About Slack.

What is Slack's official website?

The official website for Slack is http://slack.com/.

How can I contact Slack?

Slack's mailing address is 500 HOWARD STREET, SAN FRANCISCO CA, 94105. The company can be reached via phone at 855-980-5920.


MarketBeat Community Rating for Slack (NYSE WORK)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  60 (Vote Outperform)
Underperform Votes:  70 (Vote Underperform)
Total Votes:  130
MarketBeat's community ratings are surveys of what our community members think about Slack and other stocks. Vote "Outperform" if you believe WORK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WORK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2019 by MarketBeat.com Staff

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