|Bid||33.17 x 1400|
|Ask||33.19 x 1000|
|Day's Range||31.61 - 33.29|
|52 Week Range||15.10 - 42.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Now investors should look ahead to the post-vaccine world: Sell stocks that are hot today but will experience deteriorating earnings momentum after a vaccine comes out and buy quality stocks with good balance sheets that will experience positive earnings momentum in that new era. This chart compares the Dow Jones Industrial Average ETF (DIA) to seven stocks that I am using to illustrate shifts in money flows. • Zoom Video (ZM) has been one of the biggest beneficiaries of coronavirus.
If you rebuild the workplace after COVID-19, will the workers ever come back? In Silicon Valley, the answer from many tech companies is that many won’t, and maybe that is a good thing.
SaaS companies Shopify (NYSE: SHOP) and Slack Technologies (NYSE: WORK) have both attracted a huge customer following and are investing heavily to grow, but the software offerings couldn't be more different. Shopify makes it easy to run e-commerce stores, and Slack is a messaging platform that is out to make email obsolete. Shopify's stock has been on a tear since its IPO and has likely made many shareholders millionaires.
Zoom Video and Netflix have soared while travel and restaurant companies have tumbled. However, new data from PivotalPath, a hedge-fund research and intelligence firm, show that funds are tiring of the trade.
Yahoo Finance catches up with Cisco after its latest better than expected earnings report.
Remote workers were thrown off-balance Tuesday night when Slack Technologies Inc.’s collaboration and messaging system crashed.
Slack Technologies (WORK) closed the most recent trading day at $31.27, moving +0.35% from the previous trading session.
Yahoo Finance catches up with Dropbox co-founder and CEO Drew Houston to discuss the future for the tech outfit after the COVID-19 pandemic.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Video-conferencing company Zoom Video, workplace direct-messaging platform Slack Technologies, and interactive fitness-product company Peloton have seemingly become Wall Street darlings overnight. Following the company's strong first-quarter results earlier this week, The Motley Fool interviewed Five9 CEO Rowan Trollope and discussed how COVID-19 is impacting demand, what to expect from the tech company's performance after the virus fades into the rearview mirror, and more. On Monday, Five9 said its revenue jumped 28% year over year to $95.1 million.
“The kids are going bananas and being cooped up in the house,” says the co-founder of an alternative to workplace email. “That’s not normal.”
Microsoft (NASDAQ: MSFT) recently inked a five-year cloud deal with Coca-Cola (NYSE: KO), in which the beverage maker will standardize its business operations with Microsoft's Azure, Dynamics 365, and Microsoft 365 services. The partnership marks another victory for Microsoft's commercial cloud business, which secured big clients like Costco, Walmart, and AT&T in recent years. It will also widen Microsoft's moat against Amazon (NASDAQ: AMZN), Salesforce (NYSE: CRM), and Slack (NYSE: WORK) in their respective cloud markets.
Microsoft Corporation (NASDAQ: MSFT) mentioned its Teams business dozens of times during its post-earnings conference call, but Slack Technologies Inc (NYSE: WORK) CEO Stewart Butterfield said on CNBC that it's "not a competitor."What Happened Microsoft mentioned Teams 42 times during its conference call, which was more than its cloud business Azure, CNBC's Deirdre Bosa said Thursday. When asked if Butterfield is worried about the growing competition, the Slack CEO said Microsoft has spent the better part of three years bundling its Teams business and giving it away for free.Over the same time period, Slack's client list rose, including those that generate at least $100,000 in revenue. As such, he said anyone assuming Microsoft will "kill" Slack is a "puzzling" proposition.In fact, Microsoft is likely "frustrated" that only 29% of its Office users make use of Teams, which implies the other 71% of users "have said no thank you," he said.Why It's Important The work-from-home phenomena as the result of the coronavirus may have accelerated the digital transformation and adoption of software for business productivity, the CEO said. One recent example is Slack adding ViacomCBS Inc (NASDAQ: VIAC) as a client at a time when the two entities are still working on the challenging process of merging together.At the same time, the two companies need to maintain effective communication to run day-to-day operations ranging from new hiring onboarding, employee performance reviews, among others.What's Next Slack announced in early April its intentions to raise 0 million in part because it doesn't "know how bad things are going to get" moving forward, Butterfield said. The raise is part of an "offensive" strategy to pursue potential acquisitions and take advantage of softness in the advertising market.Slack's stock closed at $26.69 per share.Related Links:Cramer Shares His Thoughts On Slack, Archer Daniels Midland And MoreWhy Josh Brown Still Likes SlackSee more from Benzinga * Instinet On CIO Spending: Switch To Cloud 'Already Evident' * Cramer Declares Microsoft The 'Best Tech Stock' To Buy Right Now * Mark Tepper Says 'DAWN' Is The New 'FANG'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Microsoft Corp. fashioned a fiscal third-quarter performance that beat financial projections that were set before the onslaught of the coronavirus pandemic. And it appears its Teams digital collaboration product, among others, has put it in a good position to repeat the feat in the current quarter, based on some numbers Chief Executive Satya Nadella shared during a conference call with analysts on Wednesday. In April, he said, the company saw more than 200 million Microsoft Teams meeting participants in a single day, generating more than 4.1 billion meeting minutes. He added that Teams now has more than 75 million daily active users -- two-thirds of whom share, collaborate, or interact with files on Teams as well. The impressive figures come as Microsoft vies for millions of people working remotely during the health crisis. The work-from-home revolution has underscored the popularity of Teams, Slack Technologies Inc. , Zoom Video Communications Inc. , and Alphabet Inc.'s Google Meet. Facebook Inc. is about to join the fray with Messenger Rooms. The latest numbers from Teams, which just signed a deal with Coca-Cola Co. , prove that "videoconferencing alone is not enough," Jared Spataro, corporate vice president for Microsoft 365, told MarketWatch in a phone interview Thursday.
In late March, Microsoft (NASDAQ: MSFT) announced that COVID-19 lockdown measures in Italy sparked a 775% jump in Teams' calling and monthly meeting users within a single month. To make matters worse, research firm SimilarWeb recently revealed some head-to-head comparisons between Microsoft Teams and Slack throughout the crisis, and claimed the former left the latter "in the dust." Ed Lavery, Director of Investor Solutions at SimilarWeb, noted that the COVID-19 pandemic "gave Teams a huge opportunity to onboard millions of users," and Microsoft Teams "couldn't have dreamed of a better March than the one it just had."
Slack Technologies (WORK) closed the most recent trading day at $26.88, moving -1.57% from the previous trading session.
(Bloomberg Opinion) -- Call it teething problems, disorganization or plain Luddism: the first few weeks of working from home were, for many, far from smooth.Set aside for a second the impact of hunkering down with children, paramours and housemates. The coronavirus lockdowns revealed a deep division even between white-collar workers: between those employed by companies that have invested in what it takes for employees to switch truly seamlessly between the office and working from home, and those employed by companies that haven’t. Many people discovered it was a myth they could do their job just as easily from the dining room table. What might be de rigueur in Silicon Valley is far from normal elsewhere.Among firms with more than $1 billion of revenue, a surprisingly small portion — perhaps 10% — is used to having much of its workforce regularly work remotely, Gartner Inc. analyst Brian Kropp estimates. Another 40% has established work-from-home practices, but didn’t necessarily have the adequate infrastructure for the current crisis. The remaining 50% was unprepared and has been scrambling to catch up with panic buying of services and hardware.That unpreparedness might help explain the whipsawing attitudes toward those facilitating remote work, not least Zoom Video Communications Inc., the voguish web-conferencing provider. At first, there was the upswing. Zoom saw its number of simultaneous users jump from 10 million at the start of the year, to some 200 million by April 1 and 300 million on April 21. Then there was the backlash, as a series of companies warned their employees against using Zoom’s services.Daimler AG, the parent of luxury carmaker Mercedes-Benz, cited the software’s “various security gaps” in a memo reported by Bloomberg News, pointing its staff instead toward Microsoft Inc.’s Teams collaboration platform. Yet a slew of such moves probably has as much to do with companies’ preparedness for remote working as it does with any deficiencies on Zoom’s side. Employees seemed simply not to know what they were supposed to be using.Early in the lockdown, it seemed feasible to let employees use a range of different products if it was to be a temporary arrangement. As the restrictive measures last longer, firms are having to choose between technologies. Microsoft Teams, for instance, can cost as much as $35 monthly per user. Scale that to tens or hundreds of thousands of employees, and it becomes a major cost. You probably don’t want to be paying for several duplicate services at once.Slack Technologies Inc.’s experience highlights the unreadiness. It enjoyed a surge not just in total users (which includes employees at existing corporate customers), but also in new customers — companies that didn’t previously use its tools.Executives are realizing that work-from-home means more than just e-mail and videoconferencing. That’s creating an opportunity for businesses like Citrix Systems Inc. and Teamviewer AG, which provide so-called virtual private networks that let employees access corporate systems remotely. They allow you to log onto your work computer from your home laptop, route customer service calls to workers’ private telephone numbers or run complex applications — all while keeping the data off the public internet. Citrix enjoyed a 20% sales jump to $861 million in the first quarter. Investors might otherwise have expected an increase of less than 5%, according to Bloomberg Intelligence analyst Mandeep Singh.Citrix Chief Executive Officer David Henshall said on Thursday that he expects his company to keep benefiting from customers’ realization that their businesses depend on hundreds and hundreds of applications that need to run on powerful networks if the bulk of employees aren’t in the office.While he warned that doesn’t mean Citrix will be immune to the economic downturn, it’s going to be harder to put the work-from-home trend back in the bottle when people can go back to the office. Now that even companies wary about remote working are building out the necessary infrastructure, employees might as well use it.The virus has highlighted a bunch of work-from-home defects. It’s also forcing them to be fixed.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In times of volatility, smart investors are looking for bellwether investments that will stand the test of time. During recessions and calamities, people tend to move away from sexy fly-by-night operations, preferring companies with solid fundamentals instead. One such company is Microsoft (NASDAQ:MSFT). Microsoft stock has the performance investors are looking for in these trying times.Source: VDB Photos / Shutterstock.com In the current environment, Microsoft is an outlier because it's down less than 15% year to date, while the S&P 500 has lost over 40% in value during the same time.Main reason for that is its non-reliance on traditional lines of business that form the fulcrum of services offered by manufacturing and infrastructure firms.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's not to say that MSFT will remain unaffected as a stock; however, I do think that the company will not have the same issues as some other firms due to its diversified suite of products.Microsoft is very much in the box seat at this point. The company is likely to thrive in this environment, considering several applications like Skype are critical in work from home structure. Apart from that, the American multinational company has a pristine balance sheet and excellent reserves to call upon in this moment of crisis. * 10 S&P 500 Stocks That Are Still Overvalued By Discounted Cash Flow So without further ado, let's look at some of the reasons why Microsoft is the stock to lead us out of this pandemic. Microsoft Stock: Not a One-Trick PonyIt's no secret that Slack (NYSE:WORK) and Zoom (NASDAQ:ZM) have significantly benefited from the push to work from home. Still, the numbers seem less pronounced in the case of Microsoft, because the company is a bit more diversified. However, its Office 365 suite remains the highest contributor to revenues by far, and that is unlikely to change with the company offering an enhanced and more robust renamed system.Microsoft 365 will have several additional AI-based features that will help accentuate the fact that the suite is not just for office purposes. We don't want this article to become a marketing piece for the forthcoming platform. Still, there are a lot of neat features that the company will roll out, such as a counter to Grammarly and Microsoft Edge, the company's browser, which has a host of new security features added that will significantly help in managing your sensitive information online. Revenue Is Vanity, Profit Is Sanity, But Cash Is KingIt's tough not to be amazed by how solid the American multinational technology giant is in terms of cash flow, despite its commitment to reward shareholders through dividends and buybacks. Microsoft's cash balance is above $100 billion and is showing no signs of slowing, as the company keeps on generating more than $50 billion in cash flow from operations every year. Any company with that kind of liquidity cushion can weather any storm, Covid-19 included. After the StormCertain companies will forever feel the effects of the virus and may never fully recover. These include casinos, hotels, and the airline industry. Any company that is dependent on physical contact is expected to hit a brick wall for the foreseeable future. It's tough to say that the worst of the pandemic is behind us, and if the crisis is prolonged, it will lead to substantial devaluation for every company, and Microsoft is no different. In that case, expect the company to increase cash as a percentage of its market capitalization for the foreseeable future. Let's be fair, the company is not going to stop making money any time soon, and with products like Office, Skype, Teams, and LinkedIn, you can rest assured that it will continue to be a cash king for many quarters to come.It's important to shine some more light on Teams before we wrap up here. Although we see a significant boom in subscription numbers for the product, the platform is a long-term play for Microsoft, considering that many companies will discover that a lot of the work they do can be performed from home without any substantial change in productivity. Clear Sailing for MicrosoftMicrosoft posted revenues of $36.9 billion in the second quarter, an increase of 14%, a very healthy return that is only going to get better when numbers for Teams factor into the later quarters. Cash balance, as discussed earlier, is excellent at $134 billion, and the company is working with just $70 billion in debt, a differential of $64 billion. Any way you slice it, its good to be Microsoft at this point, and the share price is echoing that sentiment.Suffice it to say we are relatively bullish on the Microsoft stock, and there are plenty of reasons why that is so. The company has very stable lines of business in the current environment, has plenty of cash to pay shareholders, and Microsoft 365 is also something to look forward to in the current climate as fears of a recession cool the markets. * 10 Cheap Stocks to Buy Under $10 Jerome Powell can do what he could in these circumstances with rate cuts, and the stimulus package from the Trump administration certainly did well to quell market concerns. Still, we have to face facts; the broader exchanges will need time to recover from the crisis. The good news is that MSFT seems to be an all-weather stock that should sail through the pandemic, and is also a healthy stock looking ahead as well.As of this writing, Muslim Farooque did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Microsoft Stock Is Weathering the Storm With Ease appeared first on InvestorPlace.