![]() The firm earned 273.40 million during the quarter, compared to analyst estimates of 264.98 million. The company reported 0.08 earnings per share for the quarter, beating analysts' consensus estimates of (0.01) by 0.09. 13, 2019 (GLOBE NEWSWIRE) - Glancy Prongay & Murray LLP (GPM) reminds investors of the upcoming Novemdeadline to file a lead plaintiff motion in the class action filed on behalf of Slack Technologies, Inc. 8, the Nasdaq Composite entered into correction territory as it dropped 10% from its previous highs on Sept. (NYSE:WORK) issued its quarterly earnings data on Wednesday, June, 2nd. Slack Technologies (WORK) Valuation: WORK Stock Looks Appropriately Priced With 45 Price Estimate. Tech industry sell-offīeyond Slack's own challenges, tech stocks seem to be facing a broader sell-off after a market rally partly driven by the trading activities of the conglomerate SoftBank Group, according to the Financial Times. In addition, management said, larger enterprise customers prioritized other short-term solutions.Īgainst a backdrop of stay-at-home orders, which should boost the demand for remote communications, it seems Slack's platform doesn't wasn't in as high demand as solutions such as Zoom's products, for instance. Slack Technologies Inc Tokenized Stock is currently trading above the 200-day simple moving average (SMA). ![]() ![]() The more recent returns havent been as impressive as the longer term returns, coming in at just 6.6. Its dollar net retention rate dropped to 125% compared to 136% one year ago, which means revenue growth from existing customers decelerated to 25%.ĭuring the earnings call, management justified that relatively disappointing performance by attributing it to the downsizing of smaller customers because of the economic uncertainties. Slack Technologies boasts a total shareholder return of 46 for the last year. In contrast, Slack hasn't profited as much from the boost in remote communications in Q2 as it faced challenges with its installed base. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |