Equity trading will be shortened in the US this week as the investors are celebrating the Labor Day Holiday which is traditionally celebrated on the first Monday of September. But this week is packed with important events to watch and keep the tabs on.
Peloton (PTON) and Slack Technologies (WORK) are both scheduled to share their quarterly reports this week. Both the companies are considered to be the king in the pandemic since their products have been mostly utilized as customers started working from home.
Slack Technologies has earlier reported the financial results for its fiscal quarter. It had reported the total revenue rose $201.7 million year-over-year. Almost 12,000 new paid customers were added in Slack and also added a record of over 90,000 net new organizations on either a free or paid subscription plan.
Slack Technologies, Inc shares had tumbled down 6.17% on Friday as it lost -1.91. It had a 52-weeks low and high range of $15.10 and $40.07, respectively. Slack Technologies traded up 92.52% from its 52-weeks low and traded down -27.45% from its 52-weeks high. Its market capitalization has remained high, hitting 17.46 billion.
Now if we look at Peloton (PTON), it will also share its quarter result later this week. If we look at the analysts’ rating, 23 rates the stocks as a buy 1 as a sell, and 2 as Hold. Peloton is one of the top picks along with SNAP, AMZN, and FB. Peloton Upcoming challenge is to meet the customers’ demands in a short period of time.
Peloton Interactive shares traded down 2.01% as it lost -1.65 on Friday. Shares of PTON has fluctuated between the low of $17.70 and a high of $-12.83%. It has moved up to 355.54% from its 52-weeks low and moved down -12.83% from its 52-weeks low. Peloton Interactve Inc has a total market capitalization of $23.30 billion at the time of writing.
Turning our focus on the earning calendar, Slack (WORK), Lululemon (LULU), and Coupa Software (COUP) scheduled to report financial results on Tuesday after market close. American Eagle Outfitters (AEO) will report the financial result before the market opens on Wednesday. Zscaler (ZS), GameStop (GME), RH (RH) expected to share quarter earnings after market close on Wednesday. On Thursday, Peloton (PTON), Chewy (CHWY), Dave and Buster’s (PLAY), Oracle (ORCL) are set to post their quarterly result after market close. Kroger (KR) will post the result on Friday before the market open.