Tag: Microsoft Teams
After losing 11.4% between September 1 and September 20, Slack stock crashed 4.8% yesterday to take its September losses to 15.7%.
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%.
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.
Slack is scheduled to announce its second-quarter earnings today after the market closes. Be ready for some wild action in Slack stock!
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.
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.
Facebook Workplace's redesign distinguishes it from the competition, making the battle between itself, Slack, and Microsoft Teams more interesting.