Slack Lost $2.5 Billion In Value On Wednesday. Is It Fairly Valued Now? [Forbes]
Slack Technologies, Inc. (WORK)
Last slack technologies, inc. earnings: 3/12 04:15 pm
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Source: Forbes
POLAND - 2020/03/19: In this photo illustration a Slack logo seen displayed on a smartphone with a... [+]World map of COVID 19 epidemic on the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)Slack’s (NYSE: WORK)Slack stockCampbell Soup (NYSE: CPB)Hartford Financial Services GroupSee our analysis onPutting Slack’s $2.5 Billion Decline Into PerspectiveAlthough Slack was seen as a key beneficiary of the remote-working trend that gathered pace through the Covid-19 pandemic, its results appear to have disappointed investors. While quarterly Revenues jumped 49% year-over-year to about $216 million, investors apparently focused on Slack’s weaker than expected billings - which are a measure of future growth. over, Slack faces a significant threat from Microsoft’s fast-growing Teams collaboration tool, which comes bundled with Office 365. Microsoft has a massive presence in the enterprise space and it’s probably safe to assume that a large percentage of
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