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Slack Stock Price, News & Analysis (NYSE:WORK)

$20.99
-1.59 (-7.04 %)
(As of 10/22/2019 03:49 PM ET)
Today's Range
$20.91
Now: $20.99
$22.58
50-Day Range
$21.63
MA: $24.95
$30.64
52-Week Range
$21.25
Now: $20.99
$42.00
Volume10.13 million shs
Average Volume10.41 million shs
Market Capitalization$11.42 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

Profitability

Miscellaneous

Employees1,664
Market Cap$11.42 billion
Next Earnings Date12/4/2019 (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) released its quarterly earnings results on Wednesday, September, 4th. The company reported ($0.98) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.03) by $0.05. The business earned $144.97 million during the quarter, compared to the consensus estimate of $140.60 million. View Slack's Earnings History.

When is Slack's next earnings date?

Slack is scheduled to release their next quarterly earnings announcement on Wednesday, December 4th 2019. View Earnings Estimates for Slack.

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

Slack issued an update on its third quarter earnings guidance on Wednesday, September, 4th. The company provided earnings per share guidance of ($0.09-0.08) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.07). The company issued revenue guidance of $154-156 million, compared to the consensus revenue estimate of $153.55 million.

What price target have analysts set for WORK?

16 brokerages have issued 12-month price objectives for Slack's stock. Their predictions range from $26.00 to $44.00. On average, they expect Slack's stock price to reach $35.81 in the next year. This suggests a possible upside of 70.3% from the stock's current price. View Analyst Price Targets for Slack.

What is the consensus analysts' recommendation for Slack?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slack in the last year. There are currently 7 hold ratings and 9 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?

News articles about WORK stock have been trending extremely negative on Tuesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Slack earned a daily sentiment score of -4.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact 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?

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

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 $38.25-$42.00 per share. DPO (Direct Public Offering) served as the underwriter for the IPO.

When does the company's lock-up period expire?

Slack's lock-up period expires on Tuesday, December 17th. Slack had issued 118,429,640 shares in its public offering on June 20th. The total size of the offering was $4,559,541,140 based on an initial share price of $38.50. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Who are Slack's major shareholders?

Slack's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Calamos Advisors LLC (0.14%), KAMES CAPITAL plc (0.08%), Coastal Investment Advisors Inc. (0.02%), Commerzbank Aktiengesellschaft FI (0.02%), Brio Consultants LLC (0.01%) and Kessler Investment Group LLC (0.00%). 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 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 bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, KAMES CAPITAL plc, Commerzbank Aktiengesellschaft FI, Brio Consultants LLC, Kessler Investment Group LLC, Wedbush Securities Inc., Baldwin Brothers Inc. MA and Envestnet Asset Management Inc.. 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 $21.03.

How big of a company is Slack?

Slack has a market capitalization of $11.44 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:  40 (Vote Outperform)
Underperform Votes:  46 (Vote Underperform)
Total Votes:  86
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 10/22/2019 by MarketBeat.com Staff

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