{"id":54558,"date":"2024-09-20T11:40:48","date_gmt":"2024-09-20T11:40:48","guid":{"rendered":"https:\/?p=54558"},"modified":"2024-09-20T11:40:48","modified_gmt":"2024-09-20T11:40:48","slug":"disney-ditches-slack-after-hacking-incident-what-investors-need-to-know","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/disney-ditches-slack-after-hacking-incident-what-investors-need-to-know\/","title":{"rendered":"Disney Ditches Slack After Hacking Incident: What Investors Need to Know"},"content":{"rendered":"<p>In a significant shakeup in the tech and entertainment industries, Disney has reportedly cut ties with Salesforce\u2019s Slack following a major hacking incident. The breach led to the leakage of sensitive data, raising concerns about the security of collaboration platforms.<\/p>\n<p>Before we dive in, we have a special offer! For a limited time, you can get 70% off Stock Target Advisor\u2019s premium features. Claim your <a href=\"https:\/\/www.stocktargetadvisor.com\/discover\/end-of-summer-sale\/\">discount<\/a> here!<\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/discover\/end-of-summer-sale\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-54112 size-full\" src=\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2.png\" alt=\"Promotion Banner 2\" width=\"1753\" height=\"480\" srcset=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2.png 1753w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2-300x82.png 300w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2-1024x280.png 1024w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2-150x41.png 150w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2-768x210.png 768w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2-1536x421.png 1536w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/STA-Promotion-Banner-2-1200x329.png 1200w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/a><\/p>\n<h2><strong>\u00a0Market Reaction to the News:\u00a0<\/strong><\/h2>\n<p>The news of Disney\u2019s decision to abandon Slack has sent ripples through the market. Salesforce, the parent company of Slack, saw a dip in its stock as investors responded to the potential loss of a high-profile client like Disney. Disney, on the other hand, has been taking strides to reassure stakeholders about the security measures it is putting in place. Though Disney&#8217;s stock price recently showed a slight uptick due to broader positive market momentum, this incident adds to the company\u2019s ongoing challenges in securing its digital infrastructure.<\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/DIS\"><img decoding=\"async\" class=\"aligncenter wp-image-54560 size-full\" src=\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2024\/09\/sta-analyst-rating-widget-54.png\" alt=\"\" width=\"494\" height=\"286\" srcset=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/sta-analyst-rating-widget-54.png 494w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/sta-analyst-rating-widget-54-300x174.png 300w, https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/09\/sta-analyst-rating-widget-54-150x87.png 150w\" sizes=\"(max-width: 494px) 85vw, 494px\" \/><\/a><\/p>\n<h2>\u00a0Stock Target Advisor&#8217;s Analysis on Walt Disney Company:<\/h2>\n<p>According to <a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor<\/a>, the outlook for Walt Disney Company is currently classified as Very Bearish. The analysis points to a range of concerning factors, including poor risk-adjusted returns and below-median total and dividend returns when compared to its industry peers. Despite a 12.96% capital gain over the past year and slight recent gains in its stock price, Disney has shown low earnings growth over the past five years.<\/p>\n<p>The stock is currently trading at $93.45, with analysts projecting a 12-month target price of $126.54, representing a 34.63% potential upside, though skepticism remains high due to Disney\u2019s performance issues.<\/p>\n<p>&nbsp;<\/p>\n<h2>Conclusion:<\/h2>\n<p>Disney\u2019s decision to abandon Salesforce\u2019s Slack in the wake of a significant hacking incident reflects a growing trend among major corporations to re-evaluate their reliance on third-party platforms for secure communications. As cybersecurity becomes a key concern in the digital era, Disney\u2019s move could inspire similar decisions across industries, emphasizing the need for secure and resilient communication systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant shakeup in the tech and entertainment industries, Disney has reportedly cut ties with Salesforce\u2019s Slack following a major hacking incident. The breach&#8230;<\/p>\n","protected":false},"author":17,"featured_media":54561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-54558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Disney Ditches Slack After Hacking Incident: What Investors Need to Know | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/disney-ditches-slack-after-hacking-incident-what-investors-need-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disney Ditches Slack After Hacking Incident: What Investors Need to Know\" \/>\n<meta property=\"og:description\" content=\"In a significant shakeup in the tech and entertainment industries, Disney has reportedly cut ties with Salesforce\u2019s Slack following a major hacking incident. 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