{"id":123845,"date":"2020-12-01T18:46:21","date_gmt":"2020-12-01T15:46:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/slack-stock-hits-record-highs-as-traders-buy-the-salesforce-rumor\/"},"modified":"2020-12-01T18:46:21","modified_gmt":"2020-12-01T15:46:21","slug":"slack-stock-hits-record-highs-as-traders-buy-the-salesforce-rumor","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/slack-stock-hits-record-highs-as-traders-buy-the-salesforce-rumor\/","title":{"rendered":"#Slack stock hits record highs as traders buy the Salesforce rumor"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4129cdbdb5d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4129cdbdb5d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/slack-stock-hits-record-highs-as-traders-buy-the-salesforce-rumor\/#The_market_waits_for_more_details_on_Salesforces_Slack_buyout\" >The market waits for more details on Salesforce\u2019s Slack buyout<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Slack stock hits record highs as traders buy the Salesforce rumor<\/strong>&#8221;<\/p>\n<div>\n                                Slack stock closed at a fresh all-time high on Monday as traders continued to buy ahead of cloud kingpin Salesforce\u2018s <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2020\/11\/30\/business\/dealbook\/salesforce-slack-work-from-home-deals.html\">rumored acquisition<\/a>.<\/p>\n<p>Wind of the deal has now boosted Slack\u2018s share price more than 45% in just three days of trade.<\/p>\n<p>Slack stock even set a new record intraday high of $43.69 early Tuesday morning; in the green over 90% year-to-date, but only up roughly 12% since its IPO in June 2019.<\/p>\n<p>Its previous intraday and closing records were $42 (June 20, 2019) and $40.70 (November 25, 2020).<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1330042 size-full lazy\" alt=\"salesforce, slack, stock\" width=\"943\" height=\"714\" sizes=\"auto, (max-width: 943px) 100vw, 943px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.19.27.png\" data-lazy=\"true\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.19.27.png 943w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.19.27-277x210.png 277w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.19.27-357x270.png 357w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.19.27-178x135.png 178w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.19.27-796x603.png 796w\"\/><figcaption><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/thenextweb.com\/hardfork\/2020\/12\/01\/salesforce-slack-stock-acquisition-buyout-market-value-all-time-high\/#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fthenextweb.com%2Fhardfork%2F2020%2F12%2F01%2Fsalesforce-slack-stock-acquisition-buyout-market-value-all-time-high%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Chart made with Flourish.\" data-title=\"Share Chart made with Flourish. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Chart made with Flourish. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Chart made with Flourish.<\/figcaption><\/figure>\n<p>That\u2019s far behind benchmark indices like the S&amp;P 500 and the NASDAQ 100, which have returned 22% and 59% since Slack\u2018s initial New York Stock Exchange listing.<\/p>\n<p>But what\u2019s been a stellar year for \u2018stay-at-home\u2019 tech stocks like Zoom and Amazon hasn\u2019t converted quite so well for workplace comms darling Slack.<\/p>\n<p><em>[Read:\u00a0Square stock on fire: Jack Dorsey\u2019s beard sets 3 share price records in 3 days]<\/em><\/p>\n<p>In September, the company\u2019s stock <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/09\/08\/slack-work-earnings-q2-2021.html\">fell up to 20%<\/a> after posting earnings that showed quarterly revenues growing 50% year-on-year \u2014 which sounds great but pales in comparison to Zoom\u2019s revenue, which reportedly jumped 355% throughout the pandemic.<\/p>\n<p>On the other hand, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.businessinsider.nl\/salesforce-stock-price-q2-earnings-beats-analyst-estimates-raised-guidance-2020-8?international=true&amp;r=US\">traders pumped Salesforce stock<\/a> nearly 30% after it posted healthy revenue growth in August. However, the company\u2019s share price has fallen a few points since the Slack rumors began.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_market_waits_for_more_details_on_Salesforces_Slack_buyout\"><\/span>The market waits for more details on Salesforce\u2019s Slack buyout<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There\u2019s currently no word on how much Salesforce is prepared to pay for Slack. <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/11\/30\/salesforce-deal-to-buy-slack-expected-to-be-announced-tomorrow.html\">CNBC cited sources<\/a> familiar with the matter who said the deal could value Slack at a premium, and might be made half in cash and half in stock.<\/p>\n<p>Slack\u2018s market value is now a touch under $25 billion. If Salesforce is willing to pay more, it could push the company\u2019s stock price higher.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1330041 size-full lazy\" alt=\"salesforce, slack, stock\" width=\"915\" height=\"696\" sizes=\"auto, (max-width: 915px) 100vw, 915px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.36.38.png\" data-lazy=\"true\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.36.38.png 915w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.36.38-276x210.png 276w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.36.38-355x270.png 355w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.36.38-177x135.png 177w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/Screenshot-2020-12-01-at-12.36.38-796x605.png 796w\"\/><figcaption><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/thenextweb.com\/hardfork\/2020\/12\/01\/salesforce-slack-stock-acquisition-buyout-market-value-all-time-high\/#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fthenextweb.com%2Fhardfork%2F2020%2F12%2F01%2Fsalesforce-slack-stock-acquisition-buyout-market-value-all-time-high%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: \u2026 now zoom out\" data-title=\"Share \u2026 now zoom out on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share \u2026 now zoom out on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>\u2026 now zoom out<\/figcaption><\/figure>\n<p>But, the opposite could occur if traders have already \u2018priced in\u2019 Salesforce\u2019s potential valuation, considering its share price has already risen 40% in the past few days.<\/p>\n<p>Analysts say\u00a0Salesforce\u2019s acquisition of Slack would help the San Francisco SaaS-lord reimagine itself as a hip, young, and relevant brand for tech-savvy workplaces.<\/p>\n<p>More details are expected to drop after Tuesday\u2019s trading session has ended.<\/p>\n<p class=\"c-post-pubDate\">\n                                    Published December 1, 2020 \u2014 15:46 UTC\n                                <\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script data-src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=378011798897423&amp;version=v2.6\" id=\"socialSrcFacebook\" type=\"text\/template\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener noreferrer\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/hardfork\/2020\/12\/01\/salesforce-slack-stock-acquisition-buyout-market-value-all-time-high\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Slack stock hits record highs as traders buy the Salesforce rumor&#8221; Slack stock closed at a fresh all-time high on Monday as traders continued to buy ahead of cloud kingpin Salesforce\u2018s rumored acquisition. Wind of the deal has now boosted Slack\u2018s share price more than 45% in just three days of trade. Slack stock even&#8230;<\/p>\n","protected":false},"author":1,"featured_media":123846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/hardfork?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/12\/slackstock.jpg&signature=8822e0a426a33960ea81e56d21671f11","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-123845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/123845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=123845"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/123845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/123846"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=123845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=123845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=123845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}