|Bid||195.13 x 1400|
|Ask||195.46 x 2200|
|Day's Range||191.01 - 195.79|
|52 Week Range||117.24 - 200.00|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 29, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||199.97|
Workday Inc is a SaaS provider offering enterprise resource planning, or ERP, software for medium and large enterprises. The company's product portfolio is built around human capital and financial management software. Warning! GuruFocus has detected 3 Warning Sign with WDAY.
SANTA CLARA, Calif., March 18, 2019 -- Idaptive, a Workday (NASDAQ:WDAY) Access Partner, today announced that it has achieved Workday Certified Integration status. Idaptive.
Key Highlights from Oracle’s Q3 Earnings Results(Continued from Prior Part)Oracle’s weak revenue growth Software giant Oracle (ORCL) topped revenue expectations of nearly $9.62 billion by 0.3% in the third quarter of fiscal 2019. While revenues
Workday (WDAY) delivered earnings and revenue surprises of 28.13% and 1.52%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Discussions with top management at Workday Inc (NASDAQ: WDAY ) indicate a large market opportunity, an increase in adoption of core financials and the expansion of the financial planning segment, according ...
Workday, Inc.'s (NASDAQ:WDAY) most recent earnings announcement in January 2019 suggested company earnings became less negative compared to the previous year's level - great news for investors Below, I've laidRead More...
Workday Inc NASDAQ/NGS:WDAYView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for WDAY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative but appears to be improving. Over the last one-month, outflows of investor capital in ETFs holding WDAY totaled $1.55 billion. However, outflows appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Cloud-computing and enterprise software stocks have been on fire. They were the leaders going into the fourth-quarter correction and they were one of the first groups to bottom. Workday (NASDAQ:WDAY), Salesforce (NYSE:CRM) and others bottomed in November and have been climbing ever since. However, Workday stock has been under pressure since reporting earnings, causing investors to ask if now's the time to buy.Source: Workday To determine that, we need to comb through the company's earnings results. Workday EarningsLast week, Workday delivered a top- and bottom-line earnings beat on its fourth-quarter results.Non-GAAP earnings of 41 cents per share beat consensus expectations by 9 cents. On a GAAP basis, WDAY turned in a 47 cent per share loss, although that was 8 cents better than expected. On the revenue front, sales of $788.6 million beat analysts' expectations by almost $12 million and grew 35.4% year-over-year (YoY).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Warren Buffett Stocks You Can't Go Wrong With Both subscription and services revenue came in ahead of expectations, as did billings and operating margins. All while management raised its subscription revenue for this year. The company now expects $3.03 billion to $3.045 billion in subscription sales vs. a prior outlook of $2.375 billion to $2.377 billion.At this point, you're probably wondering why Workday stock isn't rally after a report like this. Further, why is the stock action down 10% after the fact?We need to keep a few things in mind. First, the stock clearly ran too much ahead of the print. Up more than 66% from its November lows, and anything short of a mega-blowout quarter was a sell-the-news event. Second, WDAY stock is already quite expensive and even with better-than-expected results, it needs some time to let the fundamentals catch up to its price. Valuing Workday StockI love Workday's products and it's clear that its customers do too. That's said, the valuation is rich -- and that's putting it mildly. Investors who are going to get involved in cloud and enterprise software stocks need to swallow their traditional valuation metrics. These names typically trade at insane multiples, but it's hard to deny their long-term performance. That's why it's best to buy on big dips -- like we saw in Q4 -- rather than at or near all-time highs.With Workday, we can see why. While current expectations call for great growth -- 26% and 23% revenue growth this year and next, and 21% and 33% earnings growth this year and next -- 110 times this year's non-GAAP earnings is very high. Operating cash flow increased about 30% in the last fiscal year and management expects similar growth this year. Free cash flow also continues to increase, eclipsing $600 million over the trailing 12 months.When we dig a little further past the headline results, we see that the booking growth outlook for this year lags management's revenue growth outlook. That suggests slowing organic growth. Currently trading at 11 times this year's sales, WDAY stock isn't cheap. But given its growth and solid business, I think that's why we're only ~10% off the highs. All things considered, Workday's pullback seems justified and doesn't mean the bull run is over. Trading WDAY StockIn short, I think we have a valuation issue with Workday stock. These forms of consolidation can either happen through time or through price (or both). So far, WDAY stock is correcting through price, down 10% in just a few days. We'll see if further consolidation happens through time or in the form of more declines.If it's the latter, here are the levels to keep in mind. Knifing through the 21-day moving average, WDAY stock is currently using the 50-day moving average as support. I like the work it is putting in above the 50-day, consolidating that decline. But I wouldn't hate a move down to $170-ish.Why? Because this was an important level on the way up and I would like to see it now act as resistance. Further, it would flush out the stop-loss orders that are no doubt piling up near the 50-day as we speak. Finally, the 38.2% Fibonacci retracement for the 52-week range comes into play just over $169, while the 61.8% retracement for the year-to-date range is up near $170.48.At this point, let's see if the 50-day acts as support. Above and we'll need to see how Workday stock does with the 21-day. Below and $170 becomes key.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Growth Stocks Racing to All-Time Highs * 5 Warren Buffett Stocks You Can't Go Wrong With * Game On for These 3 Gaming Stocks Compare Brokers The post Time to Buy the Dip in Workday Stock? appeared first on InvestorPlace.
was mentioned last night on Mad Money where host Jim Cramer said that investors need to see this stock stabilize before the cloud kings will be safe to buy. In this daily bar chart of WDAY, below, we can see a long, sideways consolidation from last March to November. December was a weak period for the broad market but WDAY only pulled back to its breakout point.
Jim Cramer describes why investors can get a pulse of the market tracking companies like CVS, FedEx, and Facebook, among others.
CEO of Workday Inc (NASDAQ:WDAY) Aneel Bhusri sold 300,000 shares of WDAY on 03/04/2019 at an average price of $179.58 a share.
Software-as-a-Service (SaaS) stocks started the week by tumbling. As of mid-day Monday, a basket of SaaS stocks had declined by more than 4%.Source: Web Summit Via FlickrInvestorPlace - Stock Market News, Stock Advice & Trading TipsSplunk (NASDAQ:SPLK), an SaaS provider, wasn't immune to the selling, as SPLK stock fell 5% on the day. Another leading cloud-computing company, Workday (NASDAQ:WDAY),fell 5% as well, while SaaS company ServiceNow (NYSE:NOW) retreated 2.7%. * 7 Chinese Stocks to Buy for the 2019 Rebound This turn in sector sentiment came at a terrible time for SPLK stock. Just last week, SPLK beat analysts' earnings expectations and raised its guidance for the full year. Its numbers looked amazing. And yet, Splunk stock traded essentially flat following its earnings and fell sharply to start the week. Is it time to buy the dip in Splunk stock yet, or would it be prudent to let SPLK stock continue to correct? Splunk's Great Growth Story ContinuesSplunk has been one of the most consistent and impressive large-cap tech growth companies in recent memory. Its numbers are truly mind-blowing. Over the past five years, SPLK's average compounded annual revenue growth rate was 45%. In 2014, the company produced just $451 million of revenue. For the most recent 12 months, that figure quadrupled to more than $1.8 billion of sales.Additionally, while SPLK has not been very profitable yet, analysts see the tipping point coming soon. On average, analysts forecast that the company's earnings per share will reach $1.62 over the next year, and its earnings are expected to grow at an average annual rate of more than 30% over the next five years.Perhaps most incredibly, even as Splunk's revenues have gone through the roof, its growth rate hasn't slowed down. Normally, companies decelerate as they get bigger, but Splunk is still finding plenty of opportunities to grow. It's far more impressive when a company with $1.8 billion of revenue is growing its top line 40% each year than when a firm with a few hundred million dollars of annual revenue is accomplishing the same feat. Analysts Weigh InSplunk's earnings report drew nearly universal praise from analysts. Jeffries, which has long been a Splunk bull, raised its price target on SPLK stock from $137 to $157 following the earnings release. The firm suggested that Splunk is even stronger than it may seem. Wells Fargo, not to be outdone, lifted its price target on SPLK by $20 to $165 per share.Mark Moerdler of Bernstein raised his price target from $119 to $131. He left a "neutral" rating on the shares. In a moment of humility, he noted that "we obviously got off the bus too early on this one." Even Citigroup, which is sticking with its "sell" call on SPLK stock, had to give credit where it was due. Citi recommended selling Splunk stock last year as it felt that the company probably wouldn't grow much more. After Splunk's recent results, however, Citigroup raised its price target on SPLK stock from $98 to $112. SPLK Is Still Fairly ExpensiveThe key issue facing SPLK stock is that Wall Street is fully aware of its great growth outlook. As a result, SPLK stock was trading around 13 times its sales following its most recent earnings report. That's really pricey, even for a company with phenomenal sales growth. Traditionally, as a rule of thumb, investors need to be careful about paying more than ten times sales for even the fastest-growing tech companies.Often, when a company reports stellar earnings results and the stock doesn't move, it is simply because the Street's expectations were high before the results were released.If SPLK's earnings had come in below expectations, it probably would have plunged 10% or more, as investors were really confident that Splunk would continue to grow rapidly. With the market already pricing in greatness, it is hard for Splunk to surprise to the upside, even with outstanding results.If SPLK stock trades at ten times its sales, and its 2019 sales meet expectations, SPLK stock will rise to nearly $150, considerably higher than today's price.Thus, for a patient investor, the selloff of Splunk stock following its great earnings could be a golden opportunity. As long as the company maintains its stunning sales growth, SPLK stock will rise much higher over time. SPLK stock may not rally in the short-term, given macro headwinds, but the value of SPLK will keep increasing, along with the company's booming revenue forecasts.At the time of this writing, Ian Bezek held no position in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post Why Splunk Stock Has Fallen Despite Record Earnings appeared first on InvestorPlace.
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
After a morning gap up on positive trade news, U.S. stock made an ugly reversal. Bulls are trying to limit the damage, while the whole stock universe seems to be debating whether a potential trade deal between the U.S. and China will fuel the market to new all-time highs or become a sell-the-news event. In that respect, let's start with the S&P 500 first on our must-see stock charts list. Must-See Stock Charts for Tomorrow 1: S&P 500 ETFThe SPDR S&P 500 ETF (NYSEARCA:SPY) looked like it was ready to rip over $280 and keep its rally going. Instead, the ETF (and subsequently the market as a whole) topped out and fell abruptly in midday trading.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 3 Consumer Finance Stocks to Buy for the Future of Fintech While it has recovered some of its intraday losses, this bearish engulfing candle -- where today's price action takes out the high and closes below the low -- is surely getting investors' attention. Whether it develops into something more remains to be seen.Still in its trending range and above the 21-day moving average, bulls feeling mostly okay about the action -- for now. Below these two marks and concerns will increase. It will almost surely mark a test of the 200-day at that point. Back over $280 and $285+ is possible. Must-See Stock Charts for Tomorrow 2: AT&TThanks to some restructuring news over the past few days, AT&T (NYSE:T) stock has been under pressure. This gives bulls at least one more opportunity to get long this dividend stud, a consistency we pointed out last month that few companies can match.However, we liked the name closer to the $29 level and with the action over the past few days, we're getting there. Shares are clinging to the 50-day moving average now, but below that and $29 to $29.50 should come soon. However, those who want to buy now can justify their decision to lock in that yield.Realize though that AT&T stock is an income play and that the charts look far from pretty. The stock is below most of its major moving averages and is trapped in a tough downtrend (blue line). Must-See Stock Charts for Tomorrow 3: SalesforceSalesforce (NYSE:CRM) will report earnings after the bell and its ~4% fall in Monday's session helps bulls, oddly enough. Coming into the report red-hot is tough to digest, even on good results. If we get a positive reaction, look to see that CRM can get above and close over its prior highs near $165.On a pullback, I would love to see the stock hold up near $147 to $149. Even if it breaks this mark initially, it would be bullish to get a close over this area, that being the 38.2% Fibonacci retracement and the 50-day moving average. Below and we open up the possibility of testing the 200-day and the 50% retracement near $143 and $140, respectively. Must-See Stock Charts for Tomorrow 4: WorkdayUnlike some its cloud-based peers, Workday (NASDAQ:WDAY) is not feeling the post-earnings love. Down about 6% on the day, the fall adds salt to the wound after Friday's fall.So far, the 50-day is holding as support, giving the bulls a level to shoot against. However, a washout down to $170 wouldn't be the worst thing in the world. It gets WDAY down to a key level, which is also conveniently right near the 38.2% retracement mark.Further, a drop below the 50-day will wash out a lot of short-term bulls who have been long this name since its Q4 lows, and thus, flush out some stop-loss orders. See how it trades over the next few sessions and whether the 50-day holds. If not, $170 is key. Must-See Stock Charts for Tomorrow 5: Children's PlaceThe Children's Place (NYSE:PLCE) is falling more than 11% and hitting new 52-week lows after a massive earnings miss and coming up short on revenue, the latter of which contracted almost 7% year-over-year. I don't know what's worse, the chart or the quarter.In either case, it doesn't have me itching to pull the buy trigger. PLCE blew right through the $85 to $86 level, and a drop into the upper $70s is certainly possible. I'm not sure when buyers will step in, but I'm not one of them. Not without a level to measure against and while PLCE is in no man's land. * 7 Top-Rated Stocks to Buy for March Watch for an eventual retest of this $85 level. If it acts as resistance, bears have a level to short against.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Retail Stocks Ready to Break Out * 7 Strong Buy Stocks the Street Loves * 10 Best Stocks to Buy and Hold Forever Compare Brokers The post 5 Must-See Stock Charts for Tuesday: SPY, CRM, T, PLCE appeared first on InvestorPlace.
Shares of software stocks are getting crunched in Monday afternoon trading, as investors await Salesforce.com Inc.'s earnings report after the bell. Okta Inc.'s stock is among the biggest losers in Monday's session, down more than 8%. Atlassian Inc. shares are down roughly 6%, while Veeva Systems Inc. , Splunk Inc. , and Workday Inc. shares are all down about 5%. Nutanix Inc. shares dropped again following a downgrade at Raymond James. The SPDR S&P Software & Services ETF is off 2.8% in Monday trading. It has gained 15.5% over the past three months, while the S&P 500 has risen 2.9%.
PALO ALTO, Calif., March 4, 2019 /PRNewswire/ -- A new book commissioned by Adaptive Insights, a Workday (WDAY) company, issues an urgent call for organizations to adapt the way they create, plan, and execute operational strategies in response to a rapidly changing business environment. In today's fast-paced business climate, they need to be able to move quickly or they'll be left behind," said Tom Bogan, executive vice president, Planning Business Unit, Workday. "Business agility is really about having the right controls to properly manage and measure flexibility, and most of that comes down to how you plan.
Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that its 2019 annual meeting of stockholders will be held on Tuesday, June 18, 2019 at 9:00 a.m. Pacific Time / 12:00 p.m. Eastern Time. The record date for the meeting will be Monday, April 22, 2019, and only stockholders of record at the close of business on that date will be entitled to receive notice and vote upon matters considered at the meeting. Workday will make important information about the meeting and the matters to be considered available to all stockholders of record, and encourages stockholders to review the information as soon as it becomes available.
Wall Street is getting more bullish about Workday (ticker: WDAY) stock after its fourth-quarter earnings report. The back story: Workday shares have risen more than 50% over the past year as analysts grew optimistic about strong growth opportunities in the cloud-based enterprise software market. The company provides cloud-based human-resources and financials software.
fell around 4% on Friday, despite releasing fourth-quarter earnings that beat expectations. The California-based company that makes human resources and financial-related applications for businesses reported adjusted earnings per share of 41 cents. Subscription revenue was up, too, by 37.5% to $673.5 million.
Here are the top earnings stories for companies that reported results after-the-bell Thursday and before-the-bell Friday.
Workday Inc (NASDAQ: WDAY ) reported solid fourth-quarter results Thursday and raised FY20 guidance. The company’s market share gains, product improvements and growth in sales volume are impressive, according ...
Workday's (WDAY) fourth-quarter fiscal 2019 results benefit from rapid adoption of Workday HCM and Workday Financial Management offerings.
The HCM platform leader just beat expectations and raised its fiscal 2020 outlook. Here's what investors need to know.