Slack tumbles to all-time low in first report after going public
The workplace-collaboration software company projects slower sales growth in the self half of the year, but some call it simply ‘growing pains’
05 September 2019 - 17:21
New York — Slack Technologies shares tumbled to an all-time low on Thursday, after the workplace-collaboration software company disappointed with its first report as a public company.
While the second-quarter results beat expectations, the company projected slower sales growth for the second half of the year. Analysts wrote that this “anaemic” outlook wasn’t as “robust” as had been expected, in the words of Bernstein analyst Mark Moerdler...
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