Slack’s surge in demand will pay off for you

Article Excerpt

Slack Technologies’ software plays into a rapidly expanding modern trend—remote working. That trend has only gathered strength with the big swing in work-from-home spurred by the COVID-19 virus. However, we liked this Power Buy before the current crisis, and we still like it now for its strong future potential. SLACK TECHNOLOGIES INC. $18.01, is a buy. The company (New York symbol WORK; TSINetwork Rating: Extra Risk) (855-980-5920;; Shares outstanding: 599.0 million; Market cap: $10.8 billion; No dividends paid) provides firms with an application that helps their teams of employees communicate through chat and direct messaging. Slack is a brand-new listing, having gone public on June 19, 2019. Company aims to replace email within a business The primary function of Slack’s software is to replace the use of email inside an organization. Unlike email, most activity on the Slack platform happens in team-based “channels,” rather than in individual inboxes. The company’s unique channel system offers a continuous record of the conversations, data, documents, and application workflows relevant to a project…

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