Credit Suisse resumed coverage of Slack with a rating of Neutral and set a new price target of $45.00

DA Davidson reiterated coverage of Slack Technologies with a rating of Neutral and set a new price target of $40.00 from $46.00 previously

SAN FRANCISCO--(BUSINESS WIRE)--Slack Technologies, Inc., (NYSE: WORK) today reported financial results for its fiscal quarter ended October 31, 2020. Management Commentary: “We had a phenomenal quarter, headlined by continued acceleration in new paid customer growth, with 12,000 net paid customer additions, up 140% from the same quarter last year,” said Stewart Butterfield, Chief Executive Officer and Co-Founder at Slack. “The accelerating growth is partly driven by increased awareness and demand due to the work from home environment, but we believe the larger portion comes from continued product momentum which shows up in the new user experience and, especially, from Slack Conne

SANTA BARBARA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) -- LogicMonitor, the leading cloud-based IT infrastructure monitoring and observability platform for Enterprises and Managed Service Providers (MSPs), today announced the appointment of veteran technology leader Christina Kosmowski as President of the high-growth SaaS company. The appointment comes at a time when both LogicMonitor’s global customer base and product capabilities continue to scale rapidly. Demand from enterprises seeking full visibility into complex, hybrid IT infrastructures has created a market opportunity predicted to grow to more than $100 billion by 2024, according to IDC. LogicMonitor is well-positioned to capitali

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination will create the o

The COVID-19 pandemic has led to a seismic shift in the landscape of the American workforce, ushering in an era where remote and hybrid work arrangements have become the new standard.  This transformation has led to profound consequences, most notably an unprecedented surge in labor market participation, particularly among prime-age female workers. Also Read: February Jobs Report Preview: Could Cooler Labor Market Boost Expectations For Interest Rate Cuts? Surge In Labor Market Participation  According to the latest Monetary Policy Report issued by the Federal Reserve System on March 1, the employment-population ratio (EPOP) for prime-age women has steadily increased over the pas

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Opaque provides solutions that make it easier for enterprises to analyze confidential data through secure means, unlocking a $3 trillion market Opaque, the secure data analytics platform company, today announced $9.5M in seed funding, led by Intel Capital with participation by Race Capital, The House Fund, and FactoryHQ. Opaque helps organizations to analyze encrypted data in the cloud using popular tools like Apache Spark, the open-source analytics engine, while ensuring that their data is not exposed to the cloud provider. This funding will expand Opaque's contribution to the open source and data security community. A majority of data sits in private hands – by 2025, it is predicted th

Study from Future Forum, a Slack-backed consortium, shows that 93% want flexibility in when and how they work; more than half are open to a job change The Future Forum, a consortium launched by Slack Technologies, Inc., (NYSE:WORK) to help companies reimagine work in the new digital-first workplace, is releasing a new global study that unpacks how 15 months of pandemic work has shifted employee expectations. The Future Forum Pulse shows that flexibility now ranks second only to compensation in determining job satisfaction: 93% of knowledge workers want a flexible schedule, while 76% want flexibility in where they work. And employers should take note: One in five (21%) knowledge workers is

SAN FRANCISCO--(BUSINESS WIRE)--Slack Technologies, Inc., (NYSE: WORK) today reported financial results for its fiscal quarter ended April 30, 2021. Management Commentary: “Companies globally are racing toward a digital-first way of working to attract talent and to win,” said Stewart Butterfield, Chief Executive Officer and Co-Founder at Slack. “Slack is not just embracing this trend, we are enabling it. In Q1 we saw a near-record number of Paid Customer additions, a record number of Paid Customers adopting Slack Connect, and approached 1 million active developers on our platform.” “We saw rapid growth across segments in the first quarter, adding 13,000 net new Paid Customers and

Slack Technologies, Inc. (NYSE:WORK) today announced that it will report its financial results for the first quarter of fiscal year 2022, ended April 30, 2021, following the close of the U.S. markets on Thursday, June 3, 2021. About Slack Slack has transformed business communication. It's the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services,

SAN FRANCISCO--(BUSINESS WIRE)--Slack Technologies, Inc., (NYSE: WORK) today reported financial results for its fourth quarter and fiscal year ended January 31, 2021. Management Commentary: “The past year has seen an unprecedented acceleration of digital transformation and a radical shift in the popular imagining of how the world uses software to work together,” said Stewart Butterfield, Chief Executive Officer and Co-Founder at Slack. “Slack was built for this. We had a record setting year, crossing over the $1 billion revenue run rate mark thanks to breakthrough product innovation that helps customers unlock all of the opportunity that exists in the new digital-first world of wo

SAN FRANCISCO--(BUSINESS WIRE)--Slack Technologies, Inc., (NYSE: WORK) today reported preliminary results for its quarter and fiscal year ended January 31, 2021. Preliminary Fourth Quarter Fiscal Year 2021 Highlights: Crossed over the $1 billion revenue run rate mark, with $250.6 million in total revenue for the quarter. Calculated Billings of $359.9 million, up 41% from the same quarter last year. Added a record-setting 14,000 net new Paid Customers, up 180% from the same quarter last year. Preliminary Full Fiscal Year 2021 Highlights: Total revenue of $902.6 million, an increase of 43% year-over-year. Calculated Billings of $1,036.5 million, an increase of 35% year-ov

SANTA BARBARA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) -- LogicMonitor, the leading cloud-based IT infrastructure monitoring and observability platform for Enterprises and Managed Service Providers (MSPs), today announced the appointment of veteran technology leader Christina Kosmowski as President of the high-growth SaaS company. The appointment comes at a time when both LogicMonitor’s global customer base and product capabilities continue to scale rapidly. Demand from enterprises seeking full visibility into complex, hybrid IT infrastructures has created a market opportunity predicted to grow to more than $100 billion by 2024, according to IDC. LogicMonitor is well-positioned to capitali

SAN FRANCISCO--(BUSINESS WIRE)--Slack Technologies, Inc., (NYSE: WORK) today reported financial results for its fiscal quarter ended October 31, 2020. Management Commentary: “We had a phenomenal quarter, headlined by continued acceleration in new paid customer growth, with 12,000 net paid customer additions, up 140% from the same quarter last year,” said Stewart Butterfield, Chief Executive Officer and Co-Founder at Slack. “The accelerating growth is partly driven by increased awareness and demand due to the work from home environment, but we believe the larger portion comes from continued product momentum which shows up in the new user experience and, especially, from Slack Conne

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination will create the o

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal third quarter ended October 31, 2020. “We had another record quarter, and now we’re raising our FY21 revenue guidance to $21.11 billion at the high end and initiating FY22 guidance of $25.5 billion. No other major enterprise software company is growing at this rate,” said Marc Benioff, Chair & CEO, Salesforce. “We’re rapidly moving to an all-digital world, where work happens wherever people are. Our results are being driven by the success of our customers and the relevance of our Customer 360 Platform in this new normal." Salesforce delivered the following res