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WORK - Better Buy: Slack Technologies vs. New Relic
Slack Technologies Inc. Class A
Slack Technologies(NYSE: WORK) and New Relic(NYSE: NEWR) both offer services that simplify tasks for businesses. Slack's messaging and collaboration tools streamline communications between employees, and New Relic's cloud-based software tracks the performance of websites and apps.
Both companies are well-insulated from the COVID-19 crisis. Slack benefits from the shift toward remote work, and the crisis highlights the importance of New Relic's analytics tools. So which stock is the better overall investment in this volatile market?