137.25 0.00 (0.00%)
After hours: 4:52PM EDT
|Bid||136.50 x 900|
|Ask||137.30 x 1000|
|Day's Range||134.55 - 139.12|
|52 Week Range||95.35 - 157.12|
|Beta (3Y Monthly)||2.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 27, 2018 - Dec 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||154.09|
Adobe skyrocketed 9.5% on Tuesday as Wall Street applauded its cloud-oriented product road map and sales guidance for next year.
Shares of Workday Inc. are up 1.9% in premarket trading Wednesday after Bernstein analyst Mark Moerdler upgraded the stock to outperform from market perform. "We have determined that even if the [enterprise resource planning] market moves reasonably slowly to the cloud, it is large enough and the fact there are only a few vendors with a competitive SaaS [software-as-a-service] solution should allow Workday to continue to gain share," Moerdler wrote. He calculates that Workday could still expand its subscription revenue by 24% to 36% a year through 2022 even if the company doesn't pick up share from Oracle Corp. or SAP SE . Moerdler also sees room for the company to grow its margins. Workday shares are up 25% over the past 12 months, while the S&P 500 has gained 10%.
The stock market was sharply higher late Tuesday, helped in part by strong earnings from top stocks in the Dow like UnitedHealth Group and Johnson & Johnson.
On October 10, ServiceNow (NOW) announced that it will acquire start-up company FriendlyData. The acquisition will allow ServiceNow, an enterprise cloud service provider, to integrate FriendlyData’s natural language query (or NLQ) tool into its Now interface platform. The implementation of NLQ technology will help customers make queries in plain English, thus avoiding unnecessary technical questions and complications of support requests in enterprises using machine language.
The stock of enterprise cloud application company Workday (WDAY) declined 5.4% on October 8 to close at $132.42. The stock is trading 39% above its 52-week low of $95.35 and 16% below its 52-week high of $157.12. Workday stock has generated absolute returns of 168% since February 2016. However, since the start of October 2018, the stock has declined 10%. In 2018, Workday stock has outperformed broader markets with a rise of 30%.
Short 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. The net inflows of $8.85 billion over the last one-month into ETFs that hold WDAY are not among the highest of the last year and have been slowing.
On October 4, Oracle (ORCL) introduced an AI-driven security and risk management solution tool for corporate customers. The new tool is part of Oracle’s ERP (Enterprise Resource Planning) cloud solution.
Short interest is low for WDAY with fewer than 5% of shares on loan. The net inflows of $8.85 billion over the last one-month into ETFs that hold WDAY are not among the highest of the last year and have been slowing.
Tech stocks sold off hard in the stock market today as the Nasdaq composite pierced its 50-day moving average in heavy volume.
WORKDAY RISING -- Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, today announced the general availability of its skills cloud, a universal skills ontology that helps organizations cleanse, understand, and relate job skills data. Built into the underlying framework of Workday Human Capital Management (HCM), the skills cloud leverages machine learning to recognize and identify related skills, consume new skills, and continuously learn. Using its skills cloud as a foundation in Workday HCM, Workday aims to help customers easily tap talent inside and outside of their organizations.
Oracle (ORCL) seems to be making rapid investments in its retail cloud service triggered by higher demand across the retail industry. In September, it launched a new Oracle Retail Assortment and Item Planning Cloud Service for fashion and soft line retailers. The new product will help retailers easily access from the cloud detailed information for customers, inventory, orders, demand, pricing, and promotions.
Data.world CEO Brett Hurt says its the first investment in an Austin company by software maker Workday. The startup has brought in near $50 million in venture capital and it's now working closely
Oracle (ORCL) continues to strike deals with large clients. In July, it entered into an agreement with telecommunications operator CenturyLink to combine its Cloud Connect Solutions with Oracle’s FastConnect service to improve subscriber experience. In August, MTO Global selected Oracle’s blockchain cloud service.
Amazon.com, Nvidia, Adobe Systems, Workday and ServiceNow rallied off Monday lows to retake their the 50-day lines. All but Amazon are near buy points.
Oracle (ORCL) continues to boost its ERP (enterprise resource planning) product portfolio, mostly through acquisitions and launching new products. In April, it bought SparklineData, which offers smart data warehouse solutions. That month, it also acquired Vocado, a cloud-based financial aid solutions provider.
Strong demand for software that handles payroll, benefits and workforce management has been a plus for Ceridian HCM Holding and other companies that compete in the "human capital management" market.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Workday Inc (NASDAQ:WDAY) a safer option. Risk-averse investors who are attracted to diversified streams ofRead More...
Short 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. Over the last month, growth of ETFs holding WDAY is favorable, with net inflows of $10.74 billion.