Slack newest feature is giving Wall Street hope about its growth prospects
, but many analysts are excited about the potential of one of the latest features of its service.
"We continue to view Shared Channels as a meaningful differentiator and greater adoption likely drives greater stickiness," Rishi Jaluria, an analyst with D.A. Davidson, said in a research note on Thursday. as a beta-test product, then, during the third quarter, launched it officially. The company said that by the end of the quarter, 26,000 paying customers were using the feature, up from just 6,000 at the end of the prior period.
"Shared channels are unique to Slack. No competitor has brought anything similar to market," Butterfield said. "Not surprisingly, this has started to have an impact in the field." Analysts are buying Butterfield's message. Many see shared channels as a way for Slack to distinguish its service from its main competitor, Microsoft Teams, and as a way to prompt users of its free service to become paying customers.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Netflix 2020 investor outlook, preview: Wall Street analysts - Business InsiderNetflix will face more competition than ever in 2020. Wall Street analysts break down what to watch for from the streaming giant.
Baca lebih lajut »
Wall Street falls as trade hopes waneStocks on Wall Street dropped for a third straight day as President Trump dented hopes of a trade deal with China before the 2020 election
Baca lebih lajut »
Wall Street bounces back on renewed trade optimismWall Street rebounded on Wednesday as investor optimism got a boost from U.S. Pr...
Baca lebih lajut »
Salesforce edges past Wall Street's revenue target - Business InsiderSalesforce just reported its Q3 2020 earnings and beat analyst estimates for earning but was roughly in line with expectations for revenue.
Baca lebih lajut »
Stocks making biggest moves after hours: Slack, Verint, Five Below and moreStocks making biggest moves after hours: Slack, Verint, Five Below & more
Baca lebih lajut »
Slack forecast disappoints as competition weighs, shares dropSlack Technologies Inc forecast disappointing current-quarter revenue and profit...
Baca lebih lajut »