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MarketScreener Homepage  >  Equities  >  Nyse  >  Slack Technologies, Inc.    WORK

SLACK TECHNOLOGIES, INC.

(WORK)
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Slack Technologies : Shares Hit New High Ahead of Expected Salesforce Deal

12/01/2020 | 11:30am EST

By Colin Kellaher

Shares of Slack Technologies Inc. reached a new all-time high on Tuesday as investors awaited news of a takeover of the workplace-communications company by business software giant Salesforce.com Inc.

Slack shares were recently trading at $43.69, up 1.9%, adding to their recent gains after The Wall Street Journal reported last week that Salesforce was in advanced talks to buy the company. The stock hit a new high of $43.98 earlier in the session.

Slack shares were changing hands at around $30 before the Journal's report, giving the company a market capitalization of $17 billion, but the rising stock price since then has pushed Slack's valuation above $24 billion.

CNBC on Monday reported that Salesforce would announce a cash-and-stock deal to buy Slack after the bell on Tuesday, when it is slated to report quarterly earnings.

Salesforce shares were recently down 2.2% to $240.42.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

12-01-20 1129ET

Stocks mentioned in the article
ChangeLast1st jan.
SALESFORCE.COM, INC. 1.62% 225.77 Delayed Quote.-0.16%
SLACK TECHNOLOGIES, INC. 0.54% 42.65 Delayed Quote.0.43%
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More news
Financials (USD)
Sales 2021 888 M - -
Net income 2021 -320 M - -
Net cash 2021 606 M - -
P/E ratio 2021 -76,2x
Yield 2021 -
Capitalization 24 575 M 24 575 M -
EV / Sales 2021 27,0x
EV / Sales 2022 21,1x
Nbr of Employees 2 510
Free-Float 84,0%
Chart SLACK TECHNOLOGIES, INC.
Duration : Period :
Slack Technologies, Inc. Technical Analysis Chart | WORK | US83088V1026 | MarketScreener
Technical analysis trends SLACK TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 43,33 $
Last Close Price 42,42 $
Spread / Highest target 8,44%
Spread / Average Target 2,15%
Spread / Lowest Target -29,3%
EPS Revisions
Managers and Directors
NameTitle
Daniel Stewart Butterfield Chairman & Chief Executive Officer
Allen Sanghyun Shim Chief Financial Officer
Callum James Henderson-Begg Chief Technology Officer
John L. O'Farrell Lead Independent Director
Andrew G. Braccia Independent Director
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