Analysts shrug off Slack's loss guidance [Seeking Alpha]
Slack Technologies, Inc. (WORK)
Last slack technologies, inc. earnings: 3/12 04:15 pm
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Source: Seeking Alpha
Analysts shrug off Slack's loss guidance - Slack Technologies, Inc. (NYSE:WORK) | Seeking Alpha Tech | On the Move Analysts shrug off Slack's loss guidance Sep. 5, 2019 3:30 PM ET Slack Technologies, Inc. (WORK) Brandy Betz Morgan Stanley analyst Keith Weiss (Equal-Weight, $38 target) says the market set the bar too high for Slack (NYSE: earnings report Weiss: "While Slack missed the market's expectations for a greater acceleration in billings growth in Q2, the fundamental value proposition and large market opportunity at Slack remain unchanged." KeyBanc's Brent Bracelin (Overweight, $44) says $8M in customer credits tied to the service outage hit the Q2 numbers, and raises his estimates slightly on the belief that a reliability snapback, strong enterprise traction, and a shared channel offering could lead to H2 strength. WORK shares are down 3.4% Sell Side rating See all stocks on the move » Now read: Slack: Potential Duopoly With Microsoft's Teams But Overvalued » Subscribe
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