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
CIKN/A
Phone855-980-5920
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$400.55 million
Profitability
Miscellaneous
Employees1,664
Next Earnings Date3/4/2020 (Estimated)
OptionableNot Optionable
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 results on Wednesday, December, 4th. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters' 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 net margin of 90.86% and a negative return on equity of 554.57%. The business's revenue for the quarter was up 59.8% on a year-over-year basis. View Slack's Earnings History.
When is Slack's next earnings date?
What guidance has Slack issued on next quarter's earnings?
Slack updated its fourth quarter earnings guidance on Wednesday, December, 4th. The company provided EPS guidance of ($0.07-0.06) for the period, compared to the Thomson Reuters consensus earnings per share 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 brokerages have issued 12-month target prices for Slack's stock. Their forecasts range from $14.00 to $44.00. On average, they expect Slack's share price to reach $31.39 in the next twelve months. This suggests a possible upside of 39.5% 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. " (10/5/2019)
- 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?
Press coverage about WORK stock has been trending somewhat negative recently, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Slack earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Slack.
Who are some of Slack's key competitors?
What other stocks do shareholders of Slack own?
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 $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 many different of institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.14%), Glynn Capital Management LLC (0.12%), KAMES CAPITAL plc (0.08%), Millennium Management LLC (0.07%), JS Capital Management LLC (0.06%) and California Public Employees Retirement System (0.05%). 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 institutional 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 institutional investors are buying Slack stock?
WORK stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, KAMES CAPITAL plc, California Public Employees Retirement System, Glynn Capital Management LLC, Bingham Osborn & Scarborough LLC, Millennium Management LLC, Commerzbank Aktiengesellschaft FI and Oak Grove Capital LLC. 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 $22.50.
How big of a company is Slack?
What is Slack's official website?
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)
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.
