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

$23.23
-0.41 (-1.73 %)
(As of 10/17/2019 09:35 AM ET)
Today's Range
$23.11
Now: $23.23
$23.35
50-Day Range
$21.63
MA: $25.65
$30.64
52-Week Range
$21.25
Now: $23.23
$42.00
Volume117,259 shs
Average Volume9.51 million shs
Market Capitalization$12.64 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$12.64 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."

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 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 analysts have issued 1-year price targets for Slack's stock. Their predictions range from $26.00 to $44.00. On average, they expect Slack's share price to reach $35.81 in the next twelve months. This suggests a possible upside of 51.5% 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?

Press coverage about WORK stock has trended very negative this week, according to InfoTrie. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Slack earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned media stories 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.

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), Square (SQ), Netflix (NFLX), salesforce.com (CRM), Twilio (TWLO), Walt Disney (DIS), Paypal (PYPL), Shopify (SHOP) and Roku (ROKU).

When did Slack IPO?

(WORK) raised $4.8 billion in an initial public offering 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 IPO on June 20th. The total size of the offering was $4,559,541,140 based on an initial share price of $38.50. After the expiration of the company's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Who are Slack's major shareholders?

Slack's stock is owned by a number of of institutional and retail investors. Top institutional investors include Brio Consultants LLC (0.01%), Baldwin Brothers Inc. MA (0.00%) and Sterling Investment Advisors Ltd. (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 buying Slack stock?

WORK stock was acquired by a variety of institutional investors in the last quarter, including Brio Consultants LLC, Baldwin Brothers Inc. MA and Sterling Investment Advisors Ltd.. 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 $23.64.

How big of a company is Slack?

Slack has a market capitalization of $12.86 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 10/17/2019 by MarketBeat.com Staff

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