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NYSE:WORK - Slack Stock Price, Forecast & News

-0.39 (-1.47 %)
(As of 02/28/2020 01:36 AM ET)
Today's Range
Now: $26.22
50-Day Range
MA: $23.88
52-Week Range
Now: $26.22
Volume8.71 million shs
Average Volume11.07 million shs
Market Capitalization$14.43 billion
P/E RatioN/A
Dividend YieldN/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
SectorBusiness Services



Sales & Book Value

Annual Sales$400.55 million


Net Income$-140,680,000.00


Market Cap$14.43 billion
Next Earnings Date3/12/2020 (Confirmed)
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) posted its quarterly earnings data on Wednesday, December, 4th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.07. The firm had revenue of $168.70 million for 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 revenue for the quarter was up 59.8% compared to the same quarter last year. View Slack's Earnings History.

When is Slack's next earnings date?

Slack is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Slack.

How can I listen to Slack's earnings call?

Slack will be holding an earnings conference call on Thursday, March 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 EPS 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?

20 brokers have issued 12-month price objectives for Slack's shares. Their forecasts range from $14.00 to $44.00. On average, they anticipate Slack's stock price to reach $31.00 in the next year. This suggests a possible upside of 18.2% from the stock's current price. View Analyst Price Targets for Slack.

What is the consensus analysts' recommendation for Slack?

20 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 12 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. " (1/11/2020)
  • 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?

News stories about WORK stock have trended very negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Slack earned a news impact score of -3.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Slack.

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), salesforce.com (CRM), Walt Disney (DIS), Roku (ROKU), Twilio (TWLO), Netflix (NFLX), Micron Technology (MU), Paypal (PYPL) and Tesla (TSLA).

When did Slack IPO?

(WORK) raised $4.8 billion in an initial public offering (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) served as the underwriter for the IPO.

Who are Slack's major shareholders?

Slack's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FIL Ltd (2.27%), FMR LLC (1.88%), AH Equity Partners I L.L.C. (1.78%), Alliancebernstein L.P. (1.20%), Principal Financial Group Inc. (0.97%) and Spark Growth Management Partners LLC (0.94%). Company insiders that own Slack stock include Allen Shim, Brandon Zell, Cal Henderson, Chamath Palihapitiya, David Schellhase, Marc L Andreessen, Parallel Fund Iv-A LP Ah, Robert Frati, Stewart Butterfield, Tamar Yehoshua and Thomas C Leonard. View Institutional Ownership Trends for Slack.

Which institutional investors are selling Slack stock?

WORK stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Calamos Advisors LLC, Raymond James & Associates, Blair William & Co. IL, First Republic Investment Management Inc., Hamilton Lane Advisors LLC and Glynn Capital Management LLC. Company insiders that have sold Slack company stock in the last year include Allen Shim, Brandon Zell, Cal Henderson, Chamath Palihapitiya, David Schellhase, Marc L Andreessen, Parallel Fund Iv-A LP Ah, Robert Frati, Stewart Butterfield, Tamar Yehoshua and Thomas C Leonard. View Insider Buying and Selling for Slack.

Which institutional investors are buying Slack stock?

WORK stock was purchased by a variety of institutional investors in the last quarter, including AH Equity Partners I L.L.C., FMR LLC, Alliancebernstein L.P., Spark Growth Management Partners LLC, AH Equity Partners IV Parallel L.L.C., FIL Ltd, Temasek Holdings Private Ltd and Accel Growth Fund IV Associates L.L.C.. 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 $26.22.

How big of a company is Slack?

Slack has a market capitalization of $14.43 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:  2.6 out of 5 (star star)
Outperform Votes:  93 (Vote Outperform)
Underperform Votes:  88 (Vote Underperform)
Total Votes:  181
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 2/28/2020 by MarketBeat.com Staff

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