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Slack Expects Coronavirus Uptick

TheMotleyFool

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Slack Expects Coronavirus UptickPhoto, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

Slack Technologies' (NYSE: WORK) stock plummeted in trading Friday after offering up lower-than-expected revenue targets for its current fiscal first quarter.

But there is one silver lining in the malaise: COVID-19 is creating a surge of demand as employees across the globe are forced to work from home.

"There's just a massive outpouring of interest on the customer side, and it's really all over the place," said Slack CEO Steward Butterfield on a conference call to discuss fourth-quarter results with Wall Street late Thursday.

Source Fool.com

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