Comments about the cloud opportunity, the fast top line growth and the great management team at WDAY are all relevant. But consider these valuation metrics of the two great cloud plays WDAY and CRM.
Market capitalization $14 billion
Revenues (LTM) $353 million
EBITDA (LTM) negative $95 million
Market capitalization $31 billion
Revenues (LTM) $3.5 billion
EBITDA (LTM) positive $190 million
So WDAY is now valued at almost 50% of CRM. Yet, CRM has 10 x the Revenues, and significantly more EBITDA. (CRM's EBITDA is higher by $285 million).
Will this love affair with WDAY last? Is CRM a screaming buy? What ever happened to arbitrage?
float is very low, so valuation is meaningless. a few shares to trade.
Just keep squawking valuation.....how is TSLA doing today on their OVER valuation?????.......some folks just never learn......haven't you been saying overvalued since the 60's????
Sentiment: Strong Buy
Whether it's systamatic selling or not, it's still selling which is 'dumping' by default.
You have been right so far, kudos to you for that. But you must realize that you are playing pure momentum. When sentiment shifts, and it will at some point, this stock will experience a very sharp correction.