The fast-growing company began trading on the New York Stock Exchange on. Salesforce has aggressively been looking to expand its product portfolio and market share through acquisitions and investments in organic growth opportunities. They renamed their company Slack Technologies, and began to market their new. Expansion strategies could negatively impact margins It has trailed the S&P 500 since it went. “For Microsoft, this would competitively change the landscape and make Salesforce even that much more of a competitor,” Dan Ives added. There has never been a better time for Slack Technologies ( WORK) collaboration software, but the stock has been a disappointment for early investors. “This deal would be a major shot across the bow at Microsoft with the company’s Teams offering a direct messaging competitor against Slack that has been a clear hurdle to growth and now would be a two-horse race between Microsoft and Salesforce,” Wedbush analyst Dan Ives said. Last year, the software developer has bought Tableau Software for $15.7 billion.

Fundamentals Market Capitalization, K 26,519,520 Shares Outstanding, K 586,715 Annual Sales, 902,610 K Annual Income, -300,420 K 60-Month Beta 0.97 Price/Sales 29.35 Price/Cash Flow N/A Price/Book 29. This would be the largest ever acquisition for Salesforce. Slack Technologies Inc (WORK) Try Excel Help Go To: Full Chart Realtime quote and/or trades are not sourced from all markets. Slack stock has been rallying on the news while Salesforce shares are under pressure amid investor’s concerns over higher acquisition price. The deal is likely to be valued at around $17 billion as Salesforce expects to add the slack app to its office product portfolio.

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