Workday Inc. ($WDAY) Stock Forecast: Up 5.4% Today

What is Workday Inc.?

A cloud-based software company, Workday (WDAY), specializes in providing financial management and human capital management software solutions. The stock exhibited a strong bullish movement recently.

Why is Workday Inc. going up?

WDAY stock is up 5.4% on Dec 4, 2024 15:43

• Strong Q3 earnings performance by Workday surpassed expectations for both earnings per share and revenue, mainly fueled by robust customer growth across different sectors.
• Investor sentiment towards the company has improved due to its focus on innovation, increased market share, and a positive outlook on subscription revenue growth.
• Analyst opinions on Workday vary, with some expressing concerns about future growth prospects, but the Q3 earnings outperformance has overall been impactful. This, along with revised guidance, likely contributed to the recent bullish stock movement.
• Collaboration with Qualcomm on an SMS over GEO satellite trial stands out as a notable development, potentially enhancing investor confidence in Workday's future prospects.

WDAY Price Chart

WDAY Technical Analysis

WDAY News

Here's How Much You'd Have If You Invested $1000 in Workday a Decade Ago

Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

https://www.zacks.com/stock/news/2378706/heres-how-much-youd-have-if-you-invested-1000-in-workday-a-decade-ago

QCOM Completes SMS Over GEO Satellite Trial: Will the Stock Benefit?

Qualcomm completes an end-to-end SMS send and receipt trial over GEO satellite in collaboration with Deutsche Telekom and Skylo.

https://www.zacks.com/stock/news/2377643/qcom-completes-sms-over-geo-satellite-trial-will-the-stock-benefit

Workday Q3 Earnings Top on Solid Customer Growth in Several Verticals

Healthy demand in the education, public sector, healthcare and financial services end market supports WDAY's top line in the fiscal third quarter.

https://www.zacks.com/stock/news/2377117/workday-q3-earnings-top-on-solid-customer-growth-in-several-verticals

Can WDAY Stock Benefit From Healthy Subscription Revenue Growth?

With an improved market share, a focus on innovation and streamlined operations, Workday expects steady growth in the Subscription business in impending quarters.

https://www.zacks.com/stock/news/2376578/can-wday-stock-benefit-from-healthy-subscription-revenue-growth

Workday Faces Mixed Analyst Views: Strong Q3 Earnings Beat Offset By Growth Concerns And Guidance - Workday ( NASDAQ:WDAY )

The company reported third-quarter earnings of $1.89 per share, surpassing the $1.76 estimate. Revenue of $2.16 billion also beat expectations of $2.13 billion, up from $1.87 billion last year. Workday revised its FY25 subscription revenue guidance. Here are the analyst's take on the stock:

https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42220264/workday-faces-mixed-analyst-views-strong-q3-earnings-beat-offset-by-growth-concerns

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Workday Inc. Price History

23.07.2024 - WDAY Stock was up 10.7%

• Today, Workday's stock had a strong bullish movement due to the following reasons:
• Workday reported upbeat quarterly sales, exceeding analyst expectations, which led to a surge in investor confidence.
• Analysts have praised Workday's Q2 results, with some even calling it a 'turning point' for the company.
• The positive earnings report from Workday amidst an exciting earnings season contributed to the stock's upward momentum.
• Workday's strong performance also coincided with other big stocks like CAVA Group posting better-than-expected financial results, creating a positive sentiment in the market.

23.07.2024 - WDAY Stock was up 10.4%

• Workday's stock price surged nearly 13% in pre-market trading following the release of its impressive second-quarter financial results, which beat revenue estimates.
• The company's strong subscription revenue growth and operational efficiency highlighted in the earnings call transcript further fueled investor optimism.
• The positive market sentiment towards Workday was also reflected in the broader market trend, with U.S. stock futures trading higher, indicating a favorable trading day overall.

27.10.2024 - WDAY Stock was down 5.2%

• Workday achieved strong third-quarter earnings, surpassing expectations for both earnings per share and revenue, demonstrating a robust performance.
• Despite the positive earnings outcome, the stock witnessed a downward trend, possibly linked to analysts' concerns about future growth and revised subscription revenue guidance for FY25.
• The market's reaction to the adjusted guidance could have triggered a sell-off of Workday shares despite the favorable earnings results.
• The stock's decline may also be influenced by general market sentiment or broader macroeconomic challenges affecting hardware demand, similar to the situation observed with 3D Systems.

24.09.2024 - WDAY Stock was down 2.7%

• Workday's stock price dropped despite bullish market trends, raising questions about the cause.
• Potential factors behind the contradictory movement:
• Strong quarterly earnings or positive analyst recommendations boosting investor confidence.
• Broader economic concerns or issues affecting tech stocks overshadowing Workday's performance.
• Reaction to specific events like executive changes or legal issues possibly prompting a sell-off despite the company's positive trajectory.

23.07.2024 - WDAY Stock was up 12.1%

• Workday (WDAY) reported Q2 earnings that beat estimates, driven by higher revenues and growing demand for its solutions across various sectors.
• Analysts have labeled Workday's Q2 performance as a 'turning point,' leading to a surge in the stock price.
• The overall positive market sentiment towards Workday was further supported by other big stocks like Cava Group posting strong Q2 results, contributing to the bullish movement.
• The market reacted positively to Workday's performance, with investors showing confidence in the company's growth trajectory and financial outlook.

11.08.2024 - WDAY Stock was down 2.4%

• Workday (WDAY) faced a sharp downward trend in the market today.
• Negative sentiment towards WDAY options from insider selling and influential investors could have influenced this bearish movement.
• Insider trades and bearish bets on WDAY may suggest concerns about the company's future or its perceived high valuation.
• Despite the generally positive market sentiment, internal factors within the company appear to have impacted Workday's stock performance negatively today.

06.08.2024 - WDAY Stock was down 1.0%

• WDAY stock might have experienced a bearish movement due to profit-taking after a recent bullish run.
• The collaboration between JNPR and Quantum Bridge in advancing AI-native networking may have diverted investor attention away from WDAY, causing a dip in its stock price.
• The focus on cybersecurity threats posed by quantum computing could have raised concerns about data security in the tech sector, impacting WDAY negatively.
• Investors may be rotating out of cloud-based software stocks like WDAY and into companies involved in cutting-edge technologies like AI-native networking, leading to the bearish movement in WDAY's stock price today.

04.11.2024 - WDAY Stock was up 5.4%

• Strong Q3 earnings performance by Workday surpassed expectations for both earnings per share and revenue, mainly fueled by robust customer growth across different sectors.
• Investor sentiment towards the company has improved due to its focus on innovation, increased market share, and a positive outlook on subscription revenue growth.
• Analyst opinions on Workday vary, with some expressing concerns about future growth prospects, but the Q3 earnings outperformance has overall been impactful. This, along with revised guidance, likely contributed to the recent bullish stock movement.
• Collaboration with Qualcomm on an SMS over GEO satellite trial stands out as a notable development, potentially enhancing investor confidence in Workday's future prospects.

27.10.2024 - WDAY Stock was down 9.0%

• Following the Q3 results, Workday's stock showed significant bearish movement despite surpassing earnings expectations.
• Negative market sentiment may have been influenced by analyst downgrades and the downward revision of subscription revenue guidance.
• Conflicting sentiments in the market are apparent through bullish options trading trends and the backing of deep-pocketed investors, which could contribute to stock price volatility.
• News regarding StoneCo's new share repurchase program, overshadowed by focus on Workday's performance, may have diverted attention from WDAY's stock.

27.10.2024 - WDAY Stock was down 6.5%

• Strong Q3 earnings exceeded expectations, driven by robust revenue growth, indicating a favorable performance.
• Despite the strong earnings, a downgrade from a prominent Wall Street analyst caused a bearish movement in the stock.
• A post-earnings adjustment of lower FY subscription revenue guidance may have influenced negative market sentiment.
• Bullish options trading patterns and notable investor optimism toward Workday hint at a possible stock recovery ahead.

15.10.2024 - WDAY Stock was down 5.1%

• Factors possibly contributing to today's bearish movement in WDAY stock include:
• Kulicke and Soffa's Q4 earnings missing estimates and decreased revenues in the Automotive and Industrial, and Memory end-markets may have shaken confidence in the tech sector, affecting WDAY.
• Market gains may have prompted investors to shift from individual stocks like WDAY to broader market indices, leading to a slight stock price decline.
• WDAY's substantial 17% increase in the past year could have incentivized some investors to capitalize on profits, resulting in a temporary stock price dip.

15.10.2024 - WDAY Stock was down 5.1%

• Factors contributing to the decline in Workday's stock price today include:
• Despite the overall bullish sentiment in the market, Workday's stock experienced a decrease, possibly resulting from investors capitalizing on profits.
• The 0.56% decrease in Workday's stock price could be a result of profit-taking following a period of growth.
• Investors may be responding to internal or external factors affecting Workday's stock performance.