WORK - Slack Technologies, Inc.

NYSE - NYSE Delayed Price. Currency in USD
21.81
-2.19 (-9.13%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close24.00
Open23.50
Bid21.81 x 1300
Ask21.84 x 2200
Day's Range21.44 - 23.60
52 Week Range21.25 - 42.00
Volume20,133,366
Avg. Volume7,750,381
Market Cap11.867B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-2.56
Earnings DateSep 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est33.64
Trade prices are not sourced from all markets
  • ACCESSWIRE

    INVESTOR ALERT: Kessler Topaz Meltzer & Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against Slack Technologies, Inc.

    RADNOR, PA / ACCESSWIRE / October 18, 2019 / The law firm of Kessler Topaz Meltzer & Check, LLP reminds Slack Technologies, Inc. (NYSE:WORK) ("Slack") investors that a securities fraud class action lawsuit has been filed on behalf of those who purchased or otherwise acquired Slack's Class A common stock pursuant and/or traceable to Slack's registration statement and prospectus (collectively, the "Registration Statement") for the resale of up to 118,429,640 shares of its Class A common stock whereby Slack began trading as a public company on or around June 20, 2019. On June 20, 2019, Slack filed its prospectus on a Form 424B4 with the SEC, which forms part of the Registration Statement. According to the Registration Statement, the resale of Slack's stock was not underwritten by any investment bank and the registered stockholders would purportedly elect whether or not to sell their shares.

  • Barrons.com

    Morgan Stanley Is Bullish on Microsoft Because IT Departments Love It

    Microsoft has a key ally in its fight for business as companies move more software to the cloud: the people who run corporate information-technology departments.

  • GlobeNewswire

    Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Slack Technologies, Inc.

    Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming November 18, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of Slack Technologies, Inc. (“Slack” or the “Company”) (NYSE: WORK) investors who purchased Class A common stock pursuant and/or traceable to the Company’s registration statement and prospectus (collectively, the “Registration Statement”) for the resale of up to 118,429,640 shares of its Class A common stock whereby Slack began trading as a public company on or around June 20, 2019 (the “Offering”).

  • Business Wire

    Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed Against Slack Technologies, Inc.

    The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an investor securities fraud class action lawsuit has been filed against Slack Technologies, Inc. (NYSE: WORK) (“Slack”) on behalf of those who purchased or otherwise acquired Slack’s Class A common stock pursuant and/or traceable to Slack’s registration statement and prospectus (collectively, the “Registration Statement”) for the resale of up to 118,429,640 shares of its Class A common stock whereby Slack began trading as a public company on or around June 20, 2019. Investors who wish to discuss this securities fraud class action lawsuit or request additional information about this litigation are encouraged to contact Kessler Topaz Meltzer & Check attorneys James Maro, Jr. or Adrienne Bell at (844) 887-9500 (toll free) or online at: ktmc.com/newcases/slack.

  • Barrons.com

    Slack, ServiceNow, and Other Software Stocks Fall on Bearish Morgan Stanley Call

    Keith Weiss trimmed his price targets on a host of high-multiple software stocks, and warned that growing competition and other factors will likely limit the multiple investors will pay for Slack.

  • MarketWatch

    Workday leads software stocks lower after analyst day

    Workday Inc. shares are off more than 11% in Wednesday morning trading and pacing the declining software sector after the company held its user conference and analyst day. Several analysts flagged the company's commentary on its human-capital management product, which Workday expects to end the year with 20% growth, marking a slowdown. "Financials will need to continue to grow at healthy rates to offset this," wrote Jefferies analyst Brent Thill, though he said the attachment rate of financials to the core product is relatively low, suggesting opportunity. While Workday also announced some new products, Macquarie analyst Sarah Hindlian questioned the revenue potential for some of them. "For example, blockchain-enabled Workday Credentials allows verification of credentials such as employment and educational history," she wrote. "We think this is likely a limited market opportunity." Another issue for Workday is that its chief executive commented that the company has "definitely seen some delays" in deal activity, but Workday doesn't expect these to impact the business or result in cancellations. Other software stocks are getting hit in Wednesday trading as well, including Slack Technologies Inc. , which was the subject of a price-target cut at Morgan Stanley, and Adobe Systems Inc. , which received a Citi Research downgrade. Shares of Okta Inc. , Splunk Inc. , Zoom Video Communications Inc. , and Atlassian Corp. PLC are also down. The iShares Expanded Tech-Software ETF is off 2.3%, while the S&P 500 has lost 0.1%.

  • MarketWatch

    Slack has a 'tougher road to large opportunity,' says Morgan Stanley

    Morgan Stanley analyst Keith Weiss lowered his price target on shares of Slack Technologies Inc. to $28 from $38 on Wednesday, writing that he expects a number of factors to impact Slack's trading multiple, including heightened competition, weakening IT spending, and mixed results in its most recently reported quarter. The stock is down 7% in Wednesday's session. Weiss sees a "tougher road to large opportunity" for the workplace messaging company, and because he doesn't forecast multiple expansion, he said any upside to the stock price will have to come from "more gradual outperformance over time." He rates the shares at equal weight. Slack's stock is off 33% over the past three months, as the S&P 500 has dropped 0.5%.

  • TheStreet.com

    Slack's Price Target Is Cut to $28 at Morgan Stanley

    Shares of Slack Technologies fell sharply Wednesday after Morgan Stanley lowered its price target on the stock to $28 from $38. Morgan Stanley cited mixed second-quarter results, increased competition and a weaker IT spending environment for the cut.

  • Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Slack Technologies, Inc. - WORK
    PR Newswire

    Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Slack Technologies, Inc. - WORK

    RADNOR, Pa., Oct. 15, 2019 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Slack Technologies, Inc. (NYSE: WORK) ("Slack") on behalf of those who purchased or otherwise acquired Slack's Class A common stock pursuant and/or traceable to Slack's registration statement and prospectus (collectively, the "Registration Statement") for the resale of up to 118,429,640 shares of its Class A common stock whereby Slack began trading as a public company on or around June 20, 2019. On June 20, 2019, Slack filed its prospectus on a Form 424B4 with the SEC, which forms part of the Registration Statement. According to the Registration Statement, the resale of Slack's stock was not underwritten by any investment bank and the registered stockholders would purportedly elect whether or not to sell their shares.

  • RM LAW Announces Class Action Lawsuit Against Slack Technologies, Inc.
    PR Newswire

    RM LAW Announces Class Action Lawsuit Against Slack Technologies, Inc.

    BERWYN, Pa., Oct. 15, 2019 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased or otherwise acquired Slack Technologies, Inc. ("Slack" or the "Company") (NYSE: WORK) Class A common stock pursuant and/or traceable to Slack's registration statement and prospectus (collectively, the "Registration Statement") on or around June 20, 2019. Slack shareholders may, no later than November 18, 2019, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Slack and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

  • Why Saudi Aramco’s ‘aspirational’ $2 trillion listing is leaving investors cold
    Yahoo Finance

    Why Saudi Aramco’s ‘aspirational’ $2 trillion listing is leaving investors cold

    Saudi Aramo is forging ahead with IPO plans that may value the company at $2 trillion, as investors weigh the risks associated with the offering.

  • GlobeNewswire

    ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Reminds Slack Technologies, Inc. Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm – WORK

    NEW YORK, Oct. 14, 2019 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Slack Technologies, Inc. (NYSE: WORK) pursuant or.

  • GlobeNewswire

    Kessler Topaz Meltzer & Check, Llp Announces a Securities Fraud Class Action Filed Against Slack Technologies, Inc.

    The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Northern District of California against Slack Technologies, Inc. (NYSE:  WORK) (“Slack”) on behalf of those who purchased or otherwise acquired Slack’s Class A common stock pursuant and/or traceable to Slack’s registration statement and prospectus (collectively, the “Registration Statement”) for the resale of up to 118,429,640 shares of its Class A common stock whereby Slack began trading as a public company on or around June 20, 2019. Important Deadline:  Investors who purchased or otherwise acquired Slack securities pursuant to the Registration Statement may, no later than November 18, 2019, seek to be appointed as a lead plaintiff representative of the class.

  • SLACK SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Slack Technologies, Inc. To Contact The Firm
    Newsfile

    SLACK SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Slack Technologies, Inc. To Contact The Firm

    New York, New York--(Newsfile Corp. - October 11, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Slack Technologies, Inc. (NYSE: WORK) ("Slack" or the "Company")  of the November 18, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi logoCannot view this image? Visit:https://orders.newsfilecorp.com/files/6455/48688_26076fd9f48f296a_logo_lg.jpgIf you invested in Slack stock or ...

  • Hedge Funds Have Never Been This Bullish On Slack Technologies Inc (WORK)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Slack Technologies Inc (WORK)

    Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]

  • Would Facebook Stock Benefit From a Workplace Spinoff?
    InvestorPlace

    Would Facebook Stock Benefit From a Workplace Spinoff?

    I happened to read an article from August that discussed the fact that Zoom Video's (NASDAQ:ZOOM) stock fell because Facebook's (NASDAQ:FB) Workplace business communications platform had introduced video tools.Source: fyv6561 / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsFacebook is a giant company, so I'm not sure how many owners of FB stock actually noticed. However, the news made me think about the efforts to break up Big Tech and what that might mean for FB stock. I actually wrote about this very subject in March, suggesting that Elizabeth Warren is right to want to break up the big tech stocks. "Innovation only thrives when small businesses can grow into big companies. Warren believes this isn't happening as a result of big tech stocks," I stated. I finished by suggesting that investors should embrace the idea of a tech breakup. After all, Standard Oil was broken up in 1911 and it spawned three very large oil companies that still exist today, I pointed out. Workplace Has 3 Million UsersAt Workplace's annual conference on Oct, 8, FB announced that Workplace had reached 3 million paying users. The website hit that figure in just three years. Even more remarkable, 1 million of those users were acquired since February, meaning that Workplace has an annualized growth rate of 67%. Workplace charges $4 or $8 per worker per month. If 50% of the users generate $8 per month and 50% generate $4, Workplace's annual revenue would be over $200 million. Now, for a business with revenue of $62.6 billion over the past 12 months, $200 million+ is more like a rounding error than a real business. Separate From FacebookHowever, Slack (NYSE:WORK) recently went over 100,000 paying customers and had $145 million of revenue in Q2. So it's not such a crazy idea to think that Workplace could survive on its own. The beauty of Workplace is that it's completely separate from Facebook. The parent company doesn't have access to its corporate data."The uniqueness of Workplace is that we built the business by starting first with big companies," Julien Codorniou, vice president of Workplace said in March. "As Workplace continues to grow, the next priority is to increase adoption among smaller and mid-sized businesses, too."As Facebook continues to add third-party apps to Workplace ( it added 50 in 2018 including Microsoft's (NASDAQ:MSFT) Sharepoint), the website will continue to attract businesses of all sizes.More importantly, Workplace focuses on frontline employees while Slack and Microsoft Teams are primarily targeting white-collar knowledge workers. As Workplace looks to attract more small- and medium-sized businesses, service-oriented companies with large labor pools should be drawn to Workplace. The Bottom Line on FB StockAs another InvestorPlace columnist, Tezcan Gecgil, recently highlighted, FB stock has gone sideways over the past 20 months as its reputation has taken a hit over privacy concerns. As various stakeholders call for the breakup of big tech, I know which part of Facebook I'd send out the door first.Spinning off Workplace would be a natural move for FB. The only problem is that the IPO market is in the gutter at the moment. Maybe sometime in 2020? At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Would Facebook Stock Benefit From a Workplace Spinoff? appeared first on InvestorPlace.

  • TheStreet.com

    Slack Rises After Daily Active Users Exceed 12 Million in September

    The corporate communications platform says it had more than 12 million daily active users in September, an increase of 37% from a year earlier.

  • MarketWatch

    Slack says it has more than 12 million active users

    Slack Technologies Inc. said Thursday it had more than 12 million people "actively using Slack every day" in September, up about 37% year-on-year. The company also reported more than 6 million paid seats and said it had nearly 600,000 daily active registered developers. Slack last month reported second-quarter results that beat expectations, but shares fell after a weak earnings guidance for the third quarter stoked concerns about growth. Microsoft Corp. is July released statistics that suggested its Teams workplace chat app is more widely used than Slack. Shares of Slack rose 0.2% in the extended session after ending the regular trading day down 3%. The company went public in June.

  • Not All Daily Active Users Are Created Equal: Work Is Fueled by True Engagement
    Business Wire

    Not All Daily Active Users Are Created Equal: Work Is Fueled by True Engagement

    Slack Technologies, Inc., (NYSE: WORK) today announced updated engagement metrics in a blog post on the company’s website. People are moving away from email and into channels, away from legacy suites of badly connected products and onto a new customizable platform that can more easily connect the tools they use to work. In addition, with more than 6 million paid seats, the number of engaged and active people who are relying on Slack continues to grow rapidly.

  • GuruFocus.com

    SoftBank's Vision Fund Falls From Venture Capital Grace

    The telecoms giant has experienced a remarkably swift, and painful, reversal of fortunes Continue reading...

  • SLACK (WORK) DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Slack Technologies, Inc. To Contact The Firm
    Newsfile

    SLACK (WORK) DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Slack Technologies, Inc. To Contact The Firm

    New York, New York--(Newsfile Corp. - October 10, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Slack Technologies, Inc. (NYSE:WORK) ("Slack" or the "Company")  of the November 18, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi and Faruqi logoCannot view this image? Visit:https://orders.newsfilecorp.com/files/6455/48656_cd8c39a954aabac4_logo_lg.jpgIf you invested in Slack stock or options pursuant ...

  • Will Slack Lose to Facebook Workplace?
    Market Realist

    Will Slack Lose to Facebook Workplace?

    With Microsoft and Facebook pricing their products aggressively, Slack might face a steep climb. Slack’s premium pricing starts at $6.67 per user per month.

  • Business Wire

    ROSEN, A TOP RANKED LAW FIRM, Reminds Slack Technologies, Inc. Investors of Important Deadline in Securities Class Action – WORK

    Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Slack Technologies, Inc. pursuant or traceable to Slack’s initial public offering of ordinary shares conducted in June 2019 of the important November 18, 2019 lead plaintiff deadline in the class action.

  • Robert Greifeld Warns: The Unicorn Bubble Has Burst
    Market Realist

    Robert Greifeld Warns: The Unicorn Bubble Has Burst

    On October 8, former Nasdaq CEO Robert Greifeld wrote on CNBC's website, "WeWork’s aborted IPO may come to mark the end of the current 'unicorn' bubble."