Slack (WORK) to Release Earnings on Wednesday

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Slack (NYSE:WORK) will post its quarterly earnings results after the market closes on Wednesday, December 4th. Analysts expect Slack to post earnings of ($0.09) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Slack (NYSE:WORK) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.98) EPS for the quarter, topping the consensus estimate of ($1.03) by $0.05. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $140.60 million. On average, analysts expect Slack to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of WORK stock opened at $22.51 on Tuesday. Slack has a one year low of $19.53 and a one year high of $42.00. The stock’s 50-day moving average is $21.92.

In other Slack news, major shareholder Allen Shim sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $1.44, for a total value of $28,800.00. Also, CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $22.47, for a total transaction of $56,175.00. Following the completion of the transaction, the chief executive officer now directly owns 195,947 shares in the company, valued at approximately $4,402,929.09. The disclosure for this sale can be found here. Insiders sold 241,505 shares of company stock worth $5,264,515 in the last three months.

Several equities analysts have recently commented on the stock. Credit Suisse Group reaffirmed a “neutral” rating and set a $35.00 price target (down previously from $40.00) on shares of Slack in a research report on Thursday, September 5th. Morgan Stanley reduced their price target on shares of Slack from $38.00 to $28.00 and set a “weight” rating on the stock in a research report on Wednesday, October 16th. Piper Jaffray Companies assumed coverage on shares of Slack in a research report on Monday, October 28th. They set an “overweight” rating and a $30.00 price target on the stock. KeyCorp set a $44.00 price target on shares of Slack and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Wedbush reaffirmed a “sell” rating and set a $14.00 price target on shares of Slack in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.63.

About Slack

Slack Technologies, Inc operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc and changed its name to Slack Technologies, Inc in 2014.

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