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Slack Technologies, Inc. (WORK)

NYSE - Nasdaq Real Time Price. Currency in USD
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41.31+0.07 (+0.17%)
As of 1:06PM EDT. Market open.
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Previous Close41.24
Bid41.31 x 1000
Ask41.32 x 900
Day's Range40.98 - 41.37
52 Week Range24.09 - 44.57
Avg. Volume5,498,147
Market Cap24.029B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Woven Acquisition To Help Slack Rival Microsoft And Google

    Woven Acquisition To Help Slack Rival Microsoft And Google

    Woven is joining Slack (WORK) to ramp up its growth and help the latter compete against Google and Microsoft. The popular calendar app is joining the workplace communication software company after two years of solid growth. Woven has grown to become one of the most powerful calendar apps in the market. It boasts unique technology that helps preserve what Google (GOOGL) and Microsoft (MSFT) are best at while filling the gaps that remain unsolved. According to CEO Tim Campos and Chief Technology Officer Burc Arpat, Woven has succeeded in helping people spend time on what matters the most. Over the past two years, Woven has scheduled over 2.2 million events and helped users save over 10 million minutes. It has also helped over 40 million people make sense of over 250 million events. A merger with Slack could help Woven strengthen its position as the most powerful calendar technology on the market. Campos stated, “Our team has always been our greatest strength. We have a fantastic and diverse group of professionals who have loved working together. Today, that team is becoming part of something even bigger – a company that is transforming the workplace: Slack”. Slack is acquiring Woven, having previously invested in it through its Slack Fund. However, the terms of the transactions are still unclear. (See Slack stock analysis on TipRanks). Credit Suisse analyst Bhavin Shah initiated coverage of Slack two months ago with a Hold rating. Shah has kept his recommendations consistent with Credit Suisse's prior coverage and has not made any changes to Slack's rating. Wall Street is cautious about Slack's long-term prospects based on two Hold recommendations. The average analyst price target of $45 implies 6.13% upside potential to current levels. Slack scores 1 out of 10 on the TipRanks’ Smart Score rating system, implying it is likely to underperform the broader market. Related News: Boeing 1Q Net Loss Narrows; 737 Max Deliveries Halted Apple Slapped With $12M Fine In Russia Over Anti-Competitive Practices - Report Baidu To Launch Autonomous Ride-Hailing Services In Beijing More recent articles from Smarter Analyst: XPeng’s April Vehicle Deliveries Jump 285% AstraZeneca’s Farxiga Gets FDA Approval For Chronic Kidney Disease Digital Turbine Closes AdColony Acquisition Skyworks Delivers Modest Earnings Beat In 2Q

  • Was The Smart Money Right About Piling Into Slack Technologies (WORK)?
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    Was The Smart Money Right About Piling Into Slack Technologies (WORK)?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 887 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Twitter Has ‘Scary Amount of Power,’ Co-Founder Biz Stone Says

    Twitter Has ‘Scary Amount of Power,’ Co-Founder Biz Stone Says

    (Bloomberg) -- Twitter Inc. co-founder Biz Stone believes the social media company made the right decision when it banned then-President Donald Trump from its service in January, but that doesn’t mean he’s comfortable with it.“It’s a scary amount of power,” Stone said during an interview for the Collision Conference on Thursday. “The CEO of a company in San Francisco can quiet the president of the United States. He is not elected, nothing like that, and yet that had a major impact.”Stone, who co-founded Twitter with Chief Executive Officer Jack Dorsey in 2006, is the latest tech executive to publicly question whether social media companies have too much power when it comes to policing people online.Shortly after the Trump ban, Dorsey himself questioned Twitter’s power. Facebook CEO Mark Zuckerberg told U.S. lawmakers last month that he was worried about his company’s role in suspending Trump from its service. “Many people are concerned that platforms can ban elected leaders,” he said during a March 25 hearing. “I am, too.”Stone said he wasn’t involved in the formal decision-making process on Trump, although he did send his views to Dorsey and agreed with the decision.“It was a good decision for Twitter I think,” he added. “But it’s also a little bit frightening to know that maybe there’s that much power in one person’s decision.”Stone has been uncharacteristically quiet since he returned to Twitter in 2017. In the company’s early days, he was a visible spokesman, often speaking in the media or traveling to other countries as a kind of Twitter ambassador, a role Dorsey and Twitter’s other co-founder Ev Williams weren’t interested in.He was supposed to become “entrepreneur in residence” at the venture capital firm Spark Capital in 2017 when Dorsey persuaded him to return to Twitter instead. Stone’s position at Twitter was perhaps even more vague. “Somebody mentioned I’m just filling the ‘Biz shaped hole’ I left,” he wrote in a blog post at the time. “You might even say the job description includes being Biz Stone.”That blog post now makes him cringe, and Stone said he came to help make Twitter a place where people actually wanted to work again. At the time, the company was in a financial and cultural mess. Having just tried and failed to find a buyer, Twitter cut costs, laid people off and closed its video app Vine.“When I came back, the main reason was ‘let’s improve morale,’” Stone said. He created short films about different teams inside the company to highlight their efforts. He also worked with Dorsey to create the company’s purpose statement, “We serve the public conversation,” which is often repeated by executives on investor calls and press events.“It worked way better than I thought it would,” he said. “It highlighted all the stuff that wasn’t serving the public conversation and brought up the question ‘why are we even working on these things?’”Now Stone is transitioning again. He said he moved into a part-time adviser role at Twitter earlier this year, and has shifted some of his focus to outside projects, including philanthropy and venture investing. “It’s almost kind of eye-rolly,” he joked in a subsequent interview of his new focus on investing, a common path for tech executives who make it big as part of a startup.He started a new venture capital fund called Future Positive with an old business partner, Fred Blackford. The pair unsuccessfully tried to buy Polaroid Holding Co. in 2016, but many of Stone’s other deals have been more successful. He invested early in companies including Pinterest Inc., Slack Technologies Inc., Square Inc. and “fake meat” company Beyond Meat Inc., where he’s still a board member.Despite his experience building technology products, Stone said the fund won’t have a specific focus. “Great ideas can really come from anywhere, and so we’re not just focused on typical Silicon Valley,” he said.Stone said he isn’t stepping away entirely from Twitter. He wants to see how plans to let employees work remotely after the Covid-19 pandemic ends will affect the culture he helped build. There are a lot of benefits to remote work, he said, but it has trade-offs.“You lose the serendipity and you lose the time that you’re talking when you’re waiting for the conference room to open,” he said. Those spontaneous moments will eventually need to be replaced for people who aren’t physically in the office.“If you completely lose that you lose a big element of company culture,” he added, “which, if company culture is done right, it can be a massive benefit to the success of the whole company.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.