Slack Technologies, Inc

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  • uploads///Slack Microsoft
    Tech & Comm Services

    Slack Sues Microsoft: What Does Wall Street Say About the Stocks?

    Slack has hit Microsoft with an antitrust complaint as rivalry intensifies in the workplace chat and collaboration software market.

    By Ruchi Gupta
  • uploads///Slack
    Company & Industry Overviews

    Unlike Zoom, Slack’s Earnings Didn’t Impress Investors

    Slack Technologies (NYSE:WORK) stock fell over 14% on June 5 after reporting its first-quarter earnings on June 4 after the closing bell.

    By Sophia Nicholson
  • uploads///Zoom video
    Earnings Report

    Can Zoom Video Sustain COVID-19 Growth after Its Q1 Earnings?

    Zoom Video Communications (NASDAQ:ZM) will likely report its results for the first quarter of fiscal 2021 today after the closing bell.

    By Sophia Nicholson
  • uploads///slack upcoming results
    Earnings Report

    Will Slack Stock Continue to Rise after Its Q1 Earnings?

    Slack Technologies (NYSE:WORK) stock has been rising before its first-quarter earnings results. The company will likely release its results on June 3.

    By Sophia Nicholson
  • uploads///Facebook Libra
    Tech & Comm Services

    Facebook’s Libra Project Receives Major Boost from Temasek

    Facebook’s (NASDAQ:FB) Libra cryptocurrency project continues to show signs of life. Singapore’s Temasek has joined the Libra Association.

    By Ruchi Gupta
  • uploads///Amazon cloud
    Tech & Comm Services

    Amazon Cloud Is a Profit Machine in High-Stakes Battles

    Amazon’s (NASDAQ:AMZN) cloud business is its fastest-growing division and most profitable operation. However, the business faces high-stakes battles.

    By Ruchi Gupta
  • Should You Buy Slack Stock Amid the COVID-19 Pandemic?
    Tech & Comm Services

    Should You Buy Slack Stock before the Salesforce Deal?

    Slack Technologies (NYSE:WORK) stock rose over 10% on Wednesday and closed at $28.03. However, the broader indexes fell on Wednesday.

    By Mohit Oberoi, CFA
  • uploads///Zoom stock
    Tech & Comm Services

    Zoom: Time to Get Rid of This ‘High-Flying’ Stock?

    Although Zoom (NASDAQ:ZM) stock delivered whopping returns in the first three months of 2020, it has fallen in the last few days.

    By Sophia Nicholson
  • uploads///microsoft azure
    Tech & Comm Services

    Microsoft Gains on Analyst Upgrades and Strategic Moves

    According to Barron’s, Morgan Stanley’s Keith Weiss predicts Microsoft’s (NASDAQ:MSFT) market value could exceed $1 trillion.

    By Namrata Sen Chanda
  • uploads///breakups and rallies
    Get Real

    Get Real: Breakups, Rallies, and Struggles Continue

    In today’s Get Real newsletter, we looked at big tech breakup updates, another leaked Musk email, the Boeing and Airbus war, Slack’s outlook, and more.

    By Grace Nightingale
  • uploads///Slack
    Earnings Report

    Slack Rises on Q3 Earnings Beat, Glowing Outlook

    Slack Technologies (WORK) stock opened 3% higher today after its fiscal 2020 third-quarter earnings and revenue beat analysts’ expectations.

    By Anirudha Bhagat
  • uploads///chris liverani dBI_MyRk unsplash
    Get Real

    Get Real: New Targets and Turnaround Hopes

    In this morning’s edition of our daily market newsletter, Get Real, we looked at Trump’s new tariff targets, a 5G network launch, and turnaround hopes.

    By Grace Nightingale
  • uploads///Slack
    Tech & Comm Services

    Will Slack’s Q3 Earnings Boost Its Troubled Stock?

    Slack is set to release its fiscal 2020 third-quarter earnings results tomorrow after the market closes. This is only the company’s second earnings release.

    By Mike Sonnenberg
  • uploads///Peloton
    Consumer

    Peloton Stock Gained Momentum Last Week

    Peloton (PTON) shares rose close to 10% on Friday to close trading at $35.5 per share. The stock gained 21% in the last week that ended on November 29.

    By Adam Rogers
  • uploads///AdobeStock_
    Consumer

    Should Lyft Have You Feeling as Positive as Analysts?

    Lyft’s (LYFT) and Uber’s (UBER) renewed focus on profits has turned analysts around on them despite their stocks doing poorly since their IPOs.

    By Anuradha Garg
  • uploads///AdobeStock__Editorial_Use_Only
    Consumer

    Uber Stock: Is Analysts’ Turnaround Justified?

    Uber (UBER) stock got a rating upgrade from Stifel on November 22. The company is once again gaining favor among analysts.

    By Anuradha Garg
  • uploads///jeshoots com fzOITuSDIQ unsplash
    Cannabis

    Get Real: Is Unrest Sweeping the Markets?

    In today’s Get Real, we took a closer look at Uber’s trouble and an unexpected boost for Canopy Growth while markets react to more unrest.

    By Grace Nightingale
  • uploads///teams
    Company & Industry Overviews

    Microsoft Teams Sees Robust Growth, Slack Tanks

    On November 19, Microsoft declared that Teams, its workplace chat app, had over 20 million daily active users, more than a 50% surge from July.

    By Namrata Sen Chanda
  • uploads///TECH IPOS
    Company & Industry Overviews

    Tech IPOs: Who Burnt Wealth and Who Gained Value?

    In 2019, several high-profile tech IPOs made their debut in public markets. Let’s look at what’s in store for them as we head towards 2020.

    By Adam Rogers
  • uploads///Softbank Earnings
    Earnings Report

    Softbank Earnings and Uber: Will Masa Sell Uber Stock?

    Japanese conglomerate Softbank (SFTBY) released its Q2 earnings today, and the results took a big hit from Uber and WeWork.

    By Mike Sonnenberg
  • uploads///Uber stock
    Company & Industry Overviews

    Will Uber Stock Fall to $25 on Earnings and Lockup Expiry?

    Uber released its 3Q earnings yesterday after market hours. The company’s revenues rose 30% during the quarter. However, Uber stock still got hammered.

    By Mike Sonnenberg
  • uploads///Alphabet earnings
    Company & Industry Overviews

    Why Alphabet Stock Fell after Its Q3 Earnings Report

    Alphabet’s earnings miss came after higher expenses and continued losses in its “other bets.” During the third quarter, the company’s expenses rose 25%.

    By Ruchi Gupta
  • uploads///Slack stock
    Company & Industry Overviews

    Slack Tumbles to a New Low despite Key Update

    On October 22, Slack stock fell 6.9% to end the trading day at $21.03. On the day, the stock hit its all-time low of $20.93 and then recovered slightly.

    By Mike Sonnenberg
  • uploads///WeWork
    Company & Industry Overviews

    WeWork: Hello Softbank, Goodbye JPM and Neumann?

    A few hours ago, Reuters reported that WeWork’s board would meet today to discuss financing proposals from Softbank and JPMorgan Chase.

    By Mike Sonnenberg
  • uploads///IPO
    Tech & Comm Services

    Zoom Video and CRWD Lead Tech IPO Gains in 2019

    Zoom Video is trading significantly higher than 2019’s other IPO debutants. Zoom stock had an offer price of $36 and is trading at $73.52—104% higher.

    By Adam Rogers
  • uploads///Slack Facebook Workplace
    Company & Industry Overviews

    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.

    By Mike Sonnenberg
  • uploads///AdobeStock__Editorial_Use_Only
    Company & Industry Overviews

    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.”

    By Rabindra Samanta
  • uploads///Snap stock
    Consumer

    Snap Stock Is in Free Fall: What’s Ahead?

    Following a five-day slide, Snap fell over 4% on Thursday at 11:24 AM EDT. However, Snap stock has gained 186.75% year-to-date.

    By Sophia Nicholson
  • uploads///Peloton IPO
    Tech & Comm Services

    Peloton IPO: Another Unicorn Debut Bites the Dust

    Peloton stock, which lost 8.9% on September 26 on its public debut, was trading 4% lower on September 27 at $24.73 as of 10:36 AM ET.

    By Mike Sonnenberg
  • uploads///Acquisition
    Tech & Comm Services

    Slack Stock Is in Freefall—Could It Be Acquired?

    At 11:33 AM ET, Slack stock was trading down 5.9% at $21.83. In September so far, its stock has lost 23.2% and is down 43.3% over its debut price.

    By Mike Sonnenberg
  • uploads///Slack stock
    Company & Industry Overviews

    Slack Stock Hits Its Lowest Close, Down 37% since Debut

    After losing 11.4% between September 1 and September 20, Slack stock crashed 4.8% yesterday to take its September losses to 15.7%.

    By Mike Sonnenberg
  • uploads///Airbnb
    Company & Industry Overviews

    No Airbnb IPO in 2019: Are Unicorns Cursed?

    In a very brief statement on September 19, Airbnb announced its intention to go public in 2020. The timing of the statement is interesting.

    By Mike Sonnenberg
  • uploads///coworking
    Company & Industry Overviews

    WeWork IPO Delay: What Should You Expect Next?

    WeWork has postponed its IPO as its valuation has plunged. When a highly anticipated listing meets with a fate like this, there are several factors at play.

    By Namrata Sen Chanda
  • uploads///WeWork IPO The WE Company
    Company & Industry Overviews

    WeWork IPO Shelved, Unicorn Stocks Lose Luster

    WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.

    By Mike Sonnenberg
  • uploads///AdobeStock_
    Consumer

    Direxion ETFs Can Help You Cut Your Losses

    Here’s how Direxion ETFs can help you cut your losses and generate alpha. Take a closer look at the S&P 500 and key indicators from the first half of 2019.

    By Direxion
  • uploads///Slack WORK stock
    Company & Industry Overviews

    Slack Stock Sinks on Legal Trouble, Growth Worries

    Today, Slack (WORK) stock has been getting crushed after opening marginally higher. At 12:44 PM ET, the stock was trading at $24.4, down 10.9%.

    By Mike Sonnenberg
  • uploads///WeWork IPO The WE Company
    Company & Industry Overviews

    Could WeWork Go Public at 50% Valuation?

    Reports indicate that WeWork is looking to cut its valuation by over 50% to ease its upcoming IPO. WeWork was privately valued at $47 billion in January.

    By Mike Sonnenberg
  • uploads///Slack WORK stock
    Company & Industry Overviews

    Slack: Can $800 Million in Cash Help It Pass Microsoft?

    As of July 31, Slack had about $800 million in cash and cash equivalents. Slack will likely burn about $105 million in fiscal 2020 ending on January 31.

    By Mike Sonnenberg
  • uploads///AdobeStock__Editorial_Use_Only
    Earnings Report

    Slack’s Q2 Earnings, Outlook: What’s Working for WORK?

    Yesterday, Slack (WORK) released its first earnings results since it went public in June. For Q2 of fiscal 2020, Slack posted a net loss of $359.6 million.

    By Mike Sonnenberg
  • uploads///AdobeStock__Editorial_Use_Only
    Earnings Report

    Why Slack’s Q2 Earnings Didn’t Impress Investors

    Slack Technologies (WORK) reported its Q2 earnings after the bell on September 4. The results disappointed investors, but will the stock recover?

    By Jitendra Parashar
  • uploads///Slack Stock
    Earnings Report

    Slack: Will Its 2Q Earnings Arrest the Stock’s Downfall?

    Slack is scheduled to announce its second-quarter earnings today after the market closes. Be ready for some wild action in Slack stock!

    By Mike Sonnenberg
  • uploads///Slack Stock
    Company & Industry Overviews

    Why Is Slack Stock Sliding as the S&P 500 Recovers?

    Today, Slack stock was trading under $30, heading into the red for the third straight trading session. At 1:24 PM ET, Slack (WORK) was down 0.87% at $29.54.

    By Mike Sonnenberg
  • uploads///Slack Stock
    Company & Industry Overviews

    Slack Stock: Will a ‘Buy’ Rating and Soros’s Entry Help?

    Today, Slack (WORK) opened 4.5% higher after MKM Partners analyst Rohit Kulkarni gave Slack stock a “buy” rating with a target price of $40.

    By Mike Sonnenberg
  • uploads///George Soros
    Fund Managers

    George Soros Buys Slack, Increases SPY Short Exposure

    The 13F filing showed that George Soros bought almost 500,000 Slack (WORK) shares at an average price of $37.5 per share during the second quarter.

    By Mike Sonnenberg
  • uploads///WeWork IPO The WE Company
    Company & Industry Overviews

    WeWork IPO: Is The We Company Comparable to Apple?

    WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

    By Mike Sonnenberg
  • uploads///WeWork IPO The WE Company
    Company & Industry Overviews

    WeWork IPO Filing: Revenues, Op Losses Double in 1H19

    During the first six months of 2019, WeWork’s revenues and losses from operations almost doubled compared to the same period in 2018.

    By Mike Sonnenberg
  • uploads///WeWork IPO The WE Company
    Company & Industry Overviews

    The WeWork IPO: Will It Follow UBER or BYND?

    WeWork is looking to raise about $3.5 billion with its IPO, making it the second-largest biggest IPO this year after Uber’s IPO in May.

    By Mike Sonnenberg
  • uploads///Softbank Vision Fund
    Company & Industry Overviews

    Slack, DoorDash Boost Softbank Vision Fund’s Q1, Uber Lags

    Softbank Vision Fund, Softbank’s $97 billion megafund, was a star performer in its first quarter of fiscal 2020. Let’s see why.

    By Mike Sonnenberg
  • uploads///Facebook Workplace Slack Microsoft Teams
    Company & Industry Overviews

    What FB’s Workplace Update Means for Slack and MSFT Teams

    Facebook Workplace’s redesign distinguishes it from the competition, making the battle between itself, Slack, and Microsoft Teams more interesting.

    By Mike Sonnenberg
  • uploads///AdobeStock_
    Macroeconomic Analysis

    Slack, Uber, Lyft Disappoint While Beyond Meat Sizzles

    Some of the unicorn stocks that went public this year didn’t have a great July. Slack (WORK), Uber (UBER), and Lyft (LYFT) fell 10.9%, 9.1%, and 7.4%, respectively.

    By Mike Sonnenberg
  • uploads///AdobeStock_
    Company & Industry Overviews

    Why Slack, Uber, and Lyft Are Having a Tough Day

    Before the market opened, President Donald Trump fired a tweet directed at China, saying, “China is doing very badly, worst year in 27.”

    By Mike Sonnenberg
  • uploads///Mayasoshi Sons Softbank
    Company & Industry Overviews

    SoftBank’s Masayoshi Son: Japan’s Buffett Once Lost $70 Billion

    What do Berkshire Hathaway’s (BRK.B) Warren Buffet and SoftBank’s Masayoshi Son have in common?

    By Mike Sonnenberg
  • uploads///Softbank
    Company & Industry Overviews

    Microsoft, Apple Support Softbank’s $108 Billion AI Fund

    On Friday, Softbank (SFTBY) announced the launch of AI-focused Vision Fund 2. The fund is expected to start with a capital of $108 billion.

    By Mike Sonnenberg
  • uploads///Softbanks Mayasoshi Son
    Company & Industry Overviews

    How SoftBank’s Masayoshi Son Is Changing the Investing Space

    Armed with the largest tech-focused fund in the world, Masayoshi Son’s SoftBank (SFTBY) is disrupting the investing space.

    By Mike Sonnenberg
  • uploads///reward
    Company & Industry Overviews

    Andreessen Horowitz and CEO to Make Billions in Slack DPO

    While Accel will be the biggest beneficiary from Slack’s (WORK) public offering, it’s not the only one. Andreessen Horowitz, the second biggest investor in Slack after Accel, is expected to pocket $1.7 billion for its 13% stake. Social Capital, a Palo-Alto-based investor, is expected to turn its stake into $1.3 billion.

    By Mike Sonnenberg
  • uploads///Accel
    Company & Industry Overviews

    Why Slack Could Be the New Facebook and CrowdStrike for Accel

    Since 2009, Slack (WORK) has raised $1.4 billion from investors through two seed and eight venture rounds. The company boasts a legendary investor lineup, which includes Softbank, General Atlantic, and Andreessen Horowitz. Accel is Slack’s biggest investor with a 23.8% stake followed by Andreessen Horowitz, which holds 13% in the company.

    By Mike Sonnenberg
  • uploads///slack
    Company & Industry Overviews

    Slack to Go Public Today at $26: Will It Get Fiverred or Uberred?

    Slack’s public debut is a little different. Slack is following the direct public offering route to list its stock on the NYSE. Unlike an IPO, companies don’t raise any money through a DPO. Instead, they give an exit opportunity to their shareholders. There is no investment banker to market the shares and hold them to reduce volatility. Last year, Spotify (SPOT) followed this route.

    By Mike Sonnenberg
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