Should You Buy Slack Technologies After Its Post-Earnings Plunge?
Shares of Slack Technologies (NYSE: WORK) recently plunged after the collaboration software company posted its fourth-quarter numbers.
Its revenue rose 49% annually to $181.9 million, beating estimates by nearly $8 million but marking its slowest growth rate since its public debut last June. Its non-GAAP net loss narrowed from $30.4 million to $20.9 million, or $0.04 per share, which cleared expectations by two cents.
Those growth rates looked solid, but Slack's guidance failed to dazzle investors as the novel coronavirus pandemic hammered the broader markets. Let's dig deeper to see if investors overreacted, and if it's safe to buy Slack after its post-earnings plunge.
Source Fool.com
