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Slack Technologies Inc Class A WORK

Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Like Last Quarter, Slack Mixes Solid Results With In-Line(ish) Guidance; Maintain $20 FVE

Dan Romanoff, CPA Equity Analyst

Analyst Note

| Dan Romanoff, CPA |

In a repeat of last quarter, no-moat Slack beat our expectations and its own guidance and raised its revenue outlook for the year. Unfortunately for management, revenue guidance that is in line with Street expectations may not be enough to quench investors’ thirst for growth. Despite being what seems like an obvious work-from-home enabling technology, Slack is seeing macro-related pressure. We see signs of encouragement, including commentary that trends improved as the quarter progressed, including the month of August and even into early September, as well as better-than-anticipated profitability. We also think that Slack Connections will help continue to drive viral adoption.

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Company Profile

Business Description

Slack Technologies operates Slack, a software-as-a-service platform that brings together people, applications, and data. The platform is appropriate for all business types, from small and medium-size businesses to enterprise customers. The company was founded in 2009 as a game developer but later changed its focus and released its internally developed toolset, Slack, in 2013. It is headquartered in San Francisco.

Contact
500 Howard Street
San Francisco, CA, 94105
T +1 415 630-7943
Sector Technology
Industry Software - Application
Most Recent Earnings Jul 31, 2020
Fiscal Year End Jan 31, 2021
Stock Type Speculative Growth
Employees 2,431