WDAY - Workday, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
167.59
-2.79 (-1.64%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close170.38
Open170.22
Bid167.32 x 1000
Ask167.75 x 1000
Day's Range167.14 - 171.98
52 Week Range117.72 - 226.83
Volume1,615,235
Avg. Volume1,766,960
Market Cap38.211B
Beta (3Y Monthly)0.95
PE Ratio (TTM)N/A
EPS (TTM)-2.23
Earnings DateNov 27, 2019 - Dec 2, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est213.54
Trade prices are not sourced from all markets
  • How to pick long-term stock winners in cloud computing
    MarketWatch

    How to pick long-term stock winners in cloud computing

    Investors have dumped cloud stocks, which could prove to be a costly mistake, according to Beth Kindig.

  • Workday Stock Could See a Short-Term Bounce
    Schaeffer's Investment Research

    Workday Stock Could See a Short-Term Bounce

    A bullish signal flashing for WDAY might mean a short-term bounce

  • GuruFocus.com

    Workday Inc (WDAY) CEO Aneel Bhusri Sold $52.6 million of Shares

    CEO of Workday Inc (30-Year Financial, Insider Trades) Aneel Bhusri (insider trades) sold 300,000 shares of WDAY on 09/03/2019 at an average price of $175.27 a share. Continue reading...

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    Top Research Reports for Apple, Chevron & VMware

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  • Adaptive Insights, a Workday Company, Named to Constellation ShortList™ for Cloud-Based Planning Platforms
    PR Newswire

    Adaptive Insights, a Workday Company, Named to Constellation ShortList™ for Cloud-Based Planning Platforms

    PALO ALTO, Calif., Sept. 4, 2019 /PRNewswire/ -- Adaptive Insights, a Workday company (WDAY), today announced it was again named to the Constellation ShortList for Cloud-Based Planning Platforms in Q3 2019. The technology vendors and service providers included in the Constellation ShortList offer the key requirements for early adopters pursuing digital transformation initiatives. Adaptive Insights has been named to the Constellation Research ShortLists for business planning since inception.

  • GlobeNewswire

    Workday Announces Financial Analyst Day

    PLEASANTON, Calif., Sept. 04, 2019 -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that it will host.

  • Beware of Valuation Risks on Workday Stock
    InvestorPlace

    Beware of Valuation Risks on Workday Stock

    Shares of Workday (NASDAQ:WDAY) fell about 6% in late August after the hyper-growth cloud enterprise resource planning company reported second-quarter numbers which topped expectations. Management also hiked the full-year 2020 revenue guide. In other words, Workday reported a double-beat and-raise second-quarter earnings report, and in response, WDAY stock fell.Source: Sundry Photography / Shutterstock.com A stock failing to rally on a double-beat-and-raise report should raise red flags. It is almost always a sign of overvaluation.Is that what we have with Workday stock? I think so. Workday is a great company doing great things. The financials look really good, the narrative is robust, and the long-term potential is promising. But, Workday stock is priced for all that good stuff -- and then some.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndeed, my numbers indicate that a fundamentally supported fiscal 2020 price target for WDAY stock is somewhere around $140. WDAY stock trades hands north of $170 today -- and we are only halfway through fiscal 2020.Thus, Workday stock seems overextended here. To be sure, overextended stocks can stay in rally mode so long as investors keep buying. But, investors aren't buying anymore. WDAY stock is down 20% over the past two months.I think this is the beginning of a bigger downturn in WDAY stock. As such, I'd avoid buying the dip here for the foreseeable future. Workday Has Solid FundamentalsFirst, I want it to be understood broadly that Workday is a good company doing really innovative things and gaining share rapidly in a big market. There is nothing fundamentally wrong with Workday.Enterprises everywhere are migrating to the cloud. As they do, they are adopting cloud ERP solutions to digitize, automate and optimize finance, HR and corporate planning processes. SAP (NYSE:SAP) and Oracle (NYSE:ORCL) have traditionally dominated the ERP market. But as the market has pivoted to the cloud, Workday has stepped in as a third legitimate player. A few years ago, hardly anyone used Workday. Today, 50% of Fortune 50 companies and 40% of Fortune 500 companies use Workday for their cloud ERP. * 7 Best Tech Stocks to Buy Right Now There's still plenty of room for growth here. Only one-fifth of enterprise workloads have migrated to the cloud so far. Further, while 40% of Fortune 500 companies use Workday, only 17% of global 2000 companies do so, too. Thus, Workday has a tremendous opportunity over the next few years to: 1) grow wallet share among big enterprises, and 2) increase adoption among smaller enterprises on a global scale.Consequently, revenue growth will remain big for the foreseeable future. Most of that revenue growth will come through the high-margin subscription revenue pipeline, so it will be additive to gross profits. At the same time, big revenue growth should drive consistent positive operating leverage, so operating margins and profits should both move higher with revenues.Net net, Workday projects to be a big revenue and profit grower for a lot longer. Workday Stock Is OvervaluedSound like a great growth narrative? It is.But, WDAY stock is already priced for all this. Revenue growth is slowing from 30%-plus rates, to 20%-plus rates. The margin expansion trajectory is flattening out because Workday is having to spend big to compete at scale. Gross margins in the subscription business are also showing signs of being maxed out. Thus, while profit growth will remain robust, it won't be as robust as it has been.Realistically, I think this a 20% revenue growth company with healthy, but not huge, margin upside drivers. That combination leads me to believe that $6 in earnings per share is an optimistic but doable target by 2025.That would represent more than 250% growth from 2020's projected EPS. But, that's just not enough growth. If you apply an application software average 34-times forward earnings multiple to that 2025 EPS target of $6, you arrive at a 2024 price target for WDAY stock of over $200. Discounted back by 10% per year, that equates to a 2020 price target of under $140.Workday stock trades north of $170 today. We aren't even halfway through fiscal 2020. Thus, WDAY stock seems aggressively overvalued today. The Party Appears to Be OverTo be sure, aggressively overvalued stocks can stay aggressively overvalued for a long time, so long as investors keep buying into the stock and the party stays alive.Unfortunately, the party in WDAY stock appears to be winding down.Markets have been choppy over the past few months. But not too choppy. Since mid-July, the S&P 500 is down about 3.5%. Cloud stocks are down about the same, with the First Trust Cloud Computing ETF (NASDAQ:SKYY) down about 5%.WDAY stock is down more than 20% over that same stretch. That is a noticeable underperformance of both the market and Workday's peers over the past few weeks.This underperformance leads me to believe that the party is over, meaning that this stock may not find support until its fundamentals give it support -- which doesn't happen until $140. Bottom Line on WDAY StockI'd stay away from Workday stock for the foreseeable future. The party appears to be over, and now the market is left with an aggressively overvalued cloud stock that investors don't want to touch. That dynamic should ultimately result in WDAY stock falling back below $150 over the next few weeks to months.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Beware of Valuation Risks on Workday Stock appeared first on InvestorPlace.

  • Tuesday’s Vital Data: Ulta, Workday and Shopify
    InvestorPlace

    Tuesday’s Vital Data: Ulta, Workday and Shopify

    U.S. stock futures are trading lower this morning, continuing the weakness saw on Friday. Overhead resistance near $2,940 in the S&P 500 has rejected every rally since July's breakdown and last week proved no different. Until buyers can muster the strength to vault back above it, the technical picture will remain bearish.Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.76%, and S&P 500 futures are lower by 0.62%. Nasdaq-100 futures have lost 0.60%.In the options pits, Friday's slide propelled put volume ahead of calls on the session, while overall volume settled near average levels. Approximately 16.1 million calls and 16.5 million puts changed hands.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe pop in put demand spilled over to the CBOE, where the single-session equity put/call volume ratio jumped to 0.68 -- a one-week high. Meanwhile, the 10-day moving average slipped to 0.67.Options traders zeroed in on earnings reports Friday. Ulta Beauty (NASDAQ:ULTA) shares plunged 30% after the company slashed forward guidance. Workday (NASDAQ:WDAY) slipped below support despite beating earnings estimates. Finally, Shopify (NYSE:SHOP) saw its third down day in a row, offering an attractive buy-the-dip opportunity.Let's take a closer look: Ulta Beauty (ULTA)Ulta Beauty rose from obscurity over the past decade to become one of the biggest gainers of the bull market. But Friday's 30% plunge revealed all is not well with the American chain of beauty stores. As with many high-flying momentum stocks that fail to live up to lofty expectations, ULTA stock was beaten mercilessly after reporting worse-than-expected second-quarter earnings and lowering full-year guidance.Ulta's earnings-per-share grew to $2.76 on $1.67 billion in revenue. While both metrics marked modest growth, the uptick wasn't good enough. Analyst estimates were looking for $2.80 in EPS on $1.75 billion in sales. Citing "headwinds" in the cosmetics market, the company lowered its full-year EPS forecast by almost a buck, from $12.83-$13.03 to $11.86-$12.06. * The 10 Reasons to Buy Alibaba Stock Time will tell if Friday's 30% haircut was sufficient to price in the earnings downshift. The next major support zones to watch are $220, then $200.Options trading exploded with calls outpacing puts on the day. Total activity rocketed to 17x the average daily volume, with 128,030 contracts traded. Calls accounted for 59% of the take.Premiums were pricing in a gap of just under 7%, so the 30% slashing was a monster move. Traders harnessing long volatility plays like straddles or strangles came out massive winners for the event. Workday (WDAY)The trend of selling earnings results continued with Workday ahead of the weekend. The provider of human resources software slipped 5.5% despite reporting better-than-expected numbers.For the quarter, Workday posted earnings of 44 cents per share on revenue of $887.75 million. Both measures bested estimates, but investors wanted even more. With Friday's beatdown, WDAY stock has now fallen 22% off its highs. It now rests below all major moving averages with the 50-day and 20-day both trending lower. Volume patterns aren't helping the bull case either, with multiple distribution days cropping up over the past six weeks.On the options trading front, calls slightly edged out puts in popularity. Activity swelled to 629% of the average daily volume, with 80,254 total contracts traded; 52% of the total came from calls.With the uncertainty of earnings in the rearview mirror, implied volatility plunged to 36% or the 25th percentile of its one-year range. Premiums are now baking in daily moves of $3.97 or 2.2%. Shopify (SHOP)Shopify shares suffered their third straight down day ahead of the weekend amid well-deserved profit-taking. Chart watchers shouldn't be concerned one bit over the bout of selling. It was perfectly benign and was likely due to garden variety register ringing after a substantial $100 rise in SHOP stock.After rallying almost $14 off the lows, SHOP only ended the day down 1.6%. Volume was slightly above average, but nothing high enough to scare the children. All-in-all, I'm taking Shopify's appearance atop the most-active options leaderboard as an excuse to highlight its beautiful uptrend and rock star 2019 performance. The shares are up 178% year-to-date. * 7 Best Tech Stocks to Buy Right Now The cloud-based commerce company saw a sharp uptick in options trading. Total activity swelled to 213% of the average daily volume, with 80,270 contracts traded; 52% of the trading came from call options.Implied volatility ticked up to 29%, landing it at the 26th percentile of its one-year range. Premiums are baking in daily moves of $11.89 or 3.1%. Bull call spreads are my strategy of choice here.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Tuesday's Vital Data: Ulta, Workday and Shopify appeared first on InvestorPlace.

  • Workday (WDAY) Shows Momentum: Is It Part of Your Portfolio?
    Zacks

    Workday (WDAY) Shows Momentum: Is It Part of Your Portfolio?

    Workday's (WDAY) strong focus on product innovation and higher investments in introducing products are key catalysts.

  • Thomson Reuters StreetEvents

    Edited Transcript of WDAY earnings conference call or presentation 29-Aug-19 8:30pm GMT

    Q2 2020 Workday Inc Earnings Call

  • Workday Stock Slumps 6% despite Strong Results
    Market Realist

    Workday Stock Slumps 6% despite Strong Results

    Workday stock is slumping despite posting a robust set of quarterly numbers. The stock is down about 6.1% so far today, in line with its peers.

  • Benzinga

    A Look At Benzinga Pro's Most-Searched Tickers For August 30, 2019

    This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Ulta Beauty Inc (NASDAQ: ULTA ) shares were ...

  • Workday Rises After the Release of 2nd-Quarter Results
    GuruFocus.com

    Workday Rises After the Release of 2nd-Quarter Results

    The company records higher loss, though revenue improves Continue reading...

  • TheStreet.com

    Marvell and Workday's Post-Earnings Moves Say a Lot About Market Expectations

    Marvell brushed off a light quarterly outlook, while Workday slumped in spite of raising its guidance. Valuations are a factor, but so are long-term expectations.

  • [video]What Workday Must Do to Get Back to New Highs
    TheStreet.com

    [video]What Workday Must Do to Get Back to New Highs

    Despite beating on earnings and revenue, and raising guidance, Workday stock is falling on Friday. Here are the key levels to know in WDAY stock now.

  • Workday (WDAY) Earnings & Revenues Beat Estimates in Q2
    Zacks

    Workday (WDAY) Earnings & Revenues Beat Estimates in Q2

    Workday's (WDAY) synergies from Adaptive Insights acquisition and strong product suite drove revenues in the second quarter.

  • Workday Offers Another Exceptional Quarter
    Motley Fool

    Workday Offers Another Exceptional Quarter

    The HCM and financial software specialist now claims half the Fortune 100 and 17% of the Global 2000 as customers.

  • Workday Inc (WDAY) Q2 2020 Earnings Call Transcript
    Motley Fool

    Workday Inc (WDAY) Q2 2020 Earnings Call Transcript

    WDAY earnings call for the period ending July 31, 2019.

  • Workday (WDAY) Surpasses Q2 Earnings and Revenue Estimates
    Zacks

    Workday (WDAY) Surpasses Q2 Earnings and Revenue Estimates

    Workday (WDAY) delivered earnings and revenue surprises of 25.71% and 1.73%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Workday Earnings Top Estimates, Subscription Revenue Outlook Raised
    Investor's Business Daily

    Workday Earnings Top Estimates, Subscription Revenue Outlook Raised

    Workday earnings and sales for the second quarter handily beat estimates as the company raised its outlook for subscription revenue. The news sent shares up in extended trading Thursday.

  • Reuters

    UPDATE 2-Workday beats Q2 estimates, raises full-year subscription revenue forecast

    Workday Inc reported better-than-expected quarterly revenue on Thursday, as more customers signed up for its cloud-based financial and human resources software, and the company raised its subscription revenue forecast for 2020. Workday has been trying to become a one-stop solution for back-office services in a fiercely competitive market and has been benefiting as more enterprises turn to cloud-based applications to manage their payroll and human resources. When asked about whether Workday was seeing an impact to business from Brexit, or ongoing trade tensions between the United States and China, Chief Executive Officer Aneel Bhusri told analysts on a conference call that the company had not yet seen a slowdown in business.

  • MarketWatch

    Workday stock rises after earnings beat

    Workday Inc. shares rose in the extended session Thursday after the cloud-software company's results topped Wall Street estimates. Workday shares rose 1% after hours, following a 1.3% gain in the regular session to close at $187.65. The company reported a second-quarter loss of $120.7 million, or 53 cents a share, compared with a loss of $86.2 million, or 40 cents a share, in the year-ago period. Adjusted earnings were 44 cents a share. Revenue rose to $887.8 million from $671.7 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 35 cents a share on revenue of $747.5 million. Workday expects subscription revenue of $783 million to $785 million for the third quarter, and $3.06 billion to $3.07 billion for the year. Analysts estimate subscription revenue of $783 million for the third quarter, and $3.06 billion for the year.

  • Reuters

    Workday beats second-quarter estimates, raises full-year subscription revenue forecast

    Workday has been trying to become a one-stop solution for back-office services in a fiercely competitive market and has been benefiting as more enterprises turn to cloud-based applications to manage their payroll and human resources. When asked about whether Workday was seeing an impact to business from Brexit, or ongoing trade tensions between the United States and China, Chief Executive Officer Aneel Bhusri told analysts on a conference call that the company had not yet seen a slowdown in business. During the quarter, the company said it added The Gap, Stanley Black & Decker and Rockwell Automation in North America, among others, as new human capital management customers.

  • Benzinga

    'It Was A Strong Quarter': Workday Trades Higher On Q2 Beat

    Human resources software provider  Workday Inc (NASDAQ: WDAY ) reported second-quarter adjusted EPS of 44 cents on Thursday, beating a 35-cent Street estimate.  Sales of $887.8 million beat an $872.31-million ...

  • GlobeNewswire

    Workday Announces Fiscal 2020 Second Quarter Financial Results

    Second Quarter Total Revenues of $887.8 Million, Up 32.2% Year Over Year Subscription Revenue of $757.2 Million, Up 33.9% Year Over Year Subscription Revenue Backlog of $7.03.