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NYSE:WORK - Slack Stock Price, Forecast & News

$20.59
-0.63 (-2.97 %)
(As of 01/26/2020 05:54 AM ET)
Today's Range
$20.56
Now: $20.59
$21.80
50-Day Range
$20.59
MA: $22.16
$23.83
52-Week Range
$19.53
Now: $20.59
$42.00
Volume8.98 million shs
Average Volume7.15 million shs
Market Capitalization$11.33 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

Net Income$-140,680,000.00

Miscellaneous

Employees1,664
Market Cap$11.33 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) announced its quarterly earnings data on Wednesday, December, 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.09) by $0.07. The company earned $168.70 million during the quarter, compared to analysts' expectations of $156.14 million. Slack had a negative net margin of 90.86% and a negative return on equity of 554.57%. The firm's quarterly revenue 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 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 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?

18 Wall Street analysts have issued 1 year target prices for Slack's shares. Their forecasts range from $14.00 to $44.00. On average, they anticipate Slack's share price to reach $31.39 in the next year. This suggests a possible upside of 52.4% 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. " (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 extremely negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Slack earned a daily sentiment score of -4.5 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent media 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Slack investors own include NVIDIA (NVDA), Alibaba Group (BABA), Roku (ROKU), Netflix (NFLX), Walt Disney (DIS), salesforce.com (CRM), Twilio (TWLO), Paypal (PYPL), Square (SQ) 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 $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 a number of of institutional and retail investors. Top institutional investors include KAMES CAPITAL plc (0.13%), Calamos Advisors LLC (0.12%), Occidental Asset Management LLC (0.04%), Commerzbank Aktiengesellschaft FI (0.02%), State of Michigan Retirement System (0.01%) and Pegasus Asset Management Inc. (0.01%). 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 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 Calamos Advisors 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 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 KAMES CAPITAL plc, Occidental Asset Management LLC, State of Michigan Retirement System, Commerzbank Aktiengesellschaft FI, Coronation Fund Managers Ltd., Pegasus Asset Management Inc., Brave Asset Management Inc. and Kessler Investment Group 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 $20.59.

How big of a company is Slack?

Slack has a market capitalization of $11.33 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:  2.4 out of 5 (star star)
Outperform Votes:  75 (Vote Outperform)
Underperform Votes:  79 (Vote Underperform)
Total Votes:  154
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 1/26/2020 by MarketBeat.com Staff

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