|Bid||192.50 x 900|
|Ask||192.46 x 800|
|Day's Range||190.75 - 193.65|
|52 Week Range||117.72 - 226.83|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||212.56|
Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that Adaptive Insights, a Workday company, has been positioned by Gartner, Inc. in the Leaders quadrant of the 2019 Magic Quadrant for Cloud Financial Planning and Analysis Solutions1 for its Adaptive Insights Business Planning Cloud. This is the third year in a row that Adaptive Insights has been acknowledged as a Leader. To achieve this, more than 4,350 organizations have selected Adaptive Insights for a continuous, comprehensive, and collaborative approach to business planning, empowering them to make more informed decisions in less time.
Why does the shakeout + 3 pattern resemble the double bottom base? And is it a good thing, especially when you seek to find superior growth stocks?
Compass Point analyst Marshall Senk initiated coverage of Salesforce with a Buy rating and $190 price target. Salesforce's success over the years resulted in the company earning a reputation as both a market leader and thought leader within the digital transformation industry, Senk said in the Monday initiation note. Salesforce established itself a as a major player in the CRM space, with a 32% market share in sales, 19% share in service, 10% share in marketing and 5% share in e-commerce, Senk said.
PLEASANTON, Calif., Aug. 08, 2019 -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, plans to announce its fiscal 2020.
Grant Thornton LLP today announced that it has been named a Workday Advisory Services Partner. Workday (WDAY) is a leading provider of enterprise cloud applications for finance and human resources. As a Workday Advisory Services Partner, Grant Thornton will advise customers on a number of areas surrounding the adoption of Workday Financial Management and Workday Human Capital Management (HCM).
Microsoft (NASDAQ:MSFT) stock has dropped recently as the stock market has tumbled on interest rate and trade-war concerns. MSFT stock, like the the S&P 500, presently trades about 4% off of its all time highs.Source: Shutterstock The reality of Microsoft stock is that, if the market keeps dropping on trade and interest-rate concerns, so will MSFT stock.MSFT is not immune to these market headwinds. The company's double-digit-percentage revenue growth rate is somewhat reliant upon healthy macro economic conditions, and those conditions are deteriorating because of rising geopolitical tensions and trade uncertainty.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cyclical Stocks to Buy (or Sell) Now Meanwhile, MSFT stock is also somewhat reliant upon rates staying lower for longer in order to support its rich valuation, and investors are unsure as to whether or not rates will stay lower for longer.Thus, if the market keeps dropping on interest rate and trade concerns, MSFT stock will keep dropping, too, no matter what Microsoft news is reported.But it will drop a lot less than other tech and growth stocks because. relative to other tech and growth stocks, Microsoft stock is significantly less exposed to interest-rate and trade headwinds. That's because the valuation of MSFT stock isn't that rich, nor is its business that dependent on favorable economic conditions.Consequently, for investors who are looking for safety amid the recent market turmoil but also want growth, MSFT seems like the perfect stock to buy. Microsoft Stock Isn't Immune, But It's Partially ShieldedMicrosoft stock is not immune to interest rate and trade headwinds. But it is partially shielded, and this partial protection makes MSFT stock an attractive, "safe tech stock" to buy in turbulent times.On the trade front, MSFT is partially shielded from trade headwinds because its core business is supported by non-cyclical adoption tailwinds.Specifically, Microsoft's business is all about the cloud today. The company is capitalizing on the non-cyclical pivot from on-premise solutions to cloud solutions.This pivot may slow somewhat as global economic conditions deteriorate and as enterprises pull back on IT spending and investment.But the pivot won't stop. Instead, enterprises will continue to shift to the cloud.The pace of the transition could even increase if the economy slows because cloud solutions provide significant cost savings relative to on-premise solutions.As a result, Microsoft's business won't materially slow as a result of escalating trade headwinds. Instead, its business should remain largely steady and stable.On the interest rate front, MSFT stock is partially shielded because its valuation isn't that rich relative to other tech/growth stocks. MSFT stock trades at 25 times analysts' average forward earnings estimate.That's rich. But it's not that rich. Other big cloud stocks - like Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), ServiceNow (NASDAQ:NOW), and Workday (NASDAQ:WDAY) - all trade at over 35 times analysts' average forward earnings estimate.Thus, if rates do creep higher, Microsoft stock won't be pressured as much as other big-name tech stocks.For these two reasons, MSFT stock is a relatively good buy in turbulent times. Indeed, this scenario is already playing out. MSFT stock is presently only 5% off its recent highs. By contrast, every FANG stock is in correction territory. This relative outperformance of MSFT stock will persist. The Long-Term Outlook of MSFT Stock Remains CompellingThe long-term bull thesis on Microsoft stock remains compelling, even amid recent market headwinds.As stated earlier, Microsoft's core cloud businesses are supported by non-cyclical cloud adoption tailwinds. These tailwinds may slow somewhat in the face of global economic uncertainty. Or they may accelerate, as enterprises look to cut costs as times get tough. But these tailwinds won't die. Only 20% of enterprise workloads are in the cloud today. Over time, that number will rise towards 100%. Thus, MSFT can easily sustain double-digit-percentage revenue growth for the next several years.MSFT's gross margins will continue to rise as its cloud businesses, particularly Azure, grow. Double-digit-percentage revenue growth should also be enough to increase its profitability. Share buybacks will also be in play.That combination should produce roughly 15% EPS growth. Reasonably speaking, then, Microsoft's EPS could reach $12 by fiscal 2026. Based on a forward PE multiple of 20, which is average for growth stocks, that equates to a fiscal 2025 price target of $240. Discounted back by 10% per year, we arrive at a fiscal 2020 price target of roughly $150.Thus,MSFT stock can rise meaningfully both over the next 12 months and the next five years. The Bottom Line on MSFT StockThings are getting choppy in the stock market right now, and as they do get choppy, tech and growth stocks will get hit extra hard because they have ample exposure to trade and interest-rate headwinds.But, relative to that tech and growth group, Microsoft stock will outperform in turbulent times because it has less-than-average exposure to the aforementioned headwinds. As a result, for investors looking to stick with growth but also seeking some stability amid the recent volatility, MSFT stock looks like a good choice.As of this writing, Luke Lango was long MSFT and ADBE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post Why Microsoft Stock Is a Relatively Safe Tech Stock to Buy appeared first on InvestorPlace.
Following TSLA's run into earnings and WDAY's failure to meet its initial upside target at the $231 area so far, let's take a close look at the charts for both.
Wall Street loves companies like Workday, Okta, and ServiceNow because of their powerful revenue growth. But where are the profits?
Enterprise software company ServiceNow (NOW) saw its stock fall over 5.0% in after-hours trading today after the company reported its Q2 earnings results.
Paycom's (PAYC) second-quarter results are likely to be driven by new business wins for HCM software solutions and robust growth in recurring revenues.
CEO of Workday Inc (30-Year Financial, Insider Trades) Aneel Bhusri (insider trades) sold 6,576 shares of WDAY on 07/15/2019 at an average price of $219.15 a share. Continue reading...
CrowdStrike Holdings Inc. (CRWD), a star of the 2019 tech IPO wave and one of the largest “pure play” cybersecurity public offerings by market capitalization on record, just got a vote of confidence from a prominent analyst. In a recent note, Liani initiated coverage on shares of the enterprise software company at a buy rating. CrowdStrike is led by co-founder and CEO George Kurtz, who compares the firm to other companies in different software sectors like Salesforce.com Inc. (CRM) and Workday Inc. (WDAY).
Despite its co-founders attending Ivy League schools, alumni from this California state college have the largest presence at this Bay Area tech company that has won multiple “Best Places to Work” awards.