First Analysis Downgrades Workday (WDAY) to Equal Weight
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Brean Capital Raises Price Target on Workday (WDAY) to $62; Reiterates Sell
August 25, 2016 9:56 AM EDTBrean Capital maintained a Sell rating on Workday (NYSE: WDAY), and raised the price target to $62.00 (from $55.00), following the company's 2Q earnings report. WDAY's F2Q billings grew 38%, beating Street growth estimates of 35%. Much of the billings upside was driven by strong sequential growth in short-term deferred revenue. Overall, Brean Capital believes that WDAY's business is benefiting from reacceleration in its core HCM business, solid execution in the international markets and solid traction for the... More
UBS Reiterates Buy on Workday (WDAY) Following Mixed 2Q Results
August 25, 2016 8:26 AM EDTUBS reiterated a Buy rating on Workday (NYSE: WDAY), and raised the price target to $94.00 (from $86.00), following the company's 2Q. WDAY reported revenues of $378M, ahead of the Street's $373M estimate. EPS came in at -$0.04, missing -$0.02 estimates.
Analyst Brent Thill commented, "FQ2 metrics, deal... More
Jefferies Raises Price Target on Workday (WDAY) to $72 Following Mixed 2Q
August 25, 2016 8:13 AM EDTJefferies reiterated a Hold rating on Workday (NYSE: WDAY), and raised the price target to $72.00 (from $68.00), following the company's 2Q earnings report. Non-GAAP EPS of ($0.04) was below consensus of ($0.02) due to a one-time write-off which impacted EPS by $0.07. Total revenues of $377.7M were better than... More
Workday (WDAY) PT Raised to $110 at Drexel Hamilton Post Q2
August 25, 2016 7:57 AM EDTDrexel Hamilton analyst Brian White reiterated a Buy rating and lifted his price target on Workday (NYSE: WDAY) to $110.00 (from $92.00) following better than expected 2Q results.
White commented, "Last night, Workday reported a better than expected 2Q:FY17 print with key... More
Wedbush Reiterates Underperform on Workday (WDAY) Following Solid 2Q
August 25, 2016 7:37 AM EDTWedbush maintained an Underperform rating on Workday (NYSE: WDAY), and raised the price target to $69.00 (from $63.00), following the company's 2Q earnings report. WDAY reported a $5M revenue beat and strong billings.
Analyst Steve Koenig commented, "WDAY saw strong 2Q billings and a solid revenue beat stemming... More
Piper Jaffray Raises Price Target on Workday (WDAY) to $80.00 Following 2Q Report
August 25, 2016 7:29 AM EDTPiper Jaffray reiterated a Neutral rating on Workday (NYSE: WDAY), and raised the price target to $80.00 (from $74.00), following the company's 2Q earnings report. Total Revenues were $377.7 million, above consensus at $372.2 million. Billings totaled $430.8 million, versus consensus at $420.7 million.
Analyst Alex Zukin commented, "Workday... More
Workday (WDAY) Misses Q2 EPS by 2c, Offers Q3 Guidance
August 24, 2016 4:03 PM EDTWorkday (NYSE: WDAY) reported Q2 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $377.7 million versus the consensus estimate of $372.68 million.
Looking ahead, we anticipate third quarter subscription revenues to be within a range of $331 to $333... More