Brean Capital Raises Price Target on Workday (WDAY) to $62; Reiterates Sell
- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Pre-Open Stock Movers 08/25: (AEPI) (NYMX) (GES) (TLYS) Higher; (SIG) (DG) (DLTR) Lower (more...)
August 25, 2016 9:23 AM EDTToday's Pre-Open Stock Movers
AEP Industries (NASDAQ: AEPI) 42% HIGHER; Berry Plastics Group, Inc. (NYSE: BERY) and AEP Industries (NASDAQ: AEPI) have entered into a definitive merger agreement under which Berry will acquire all of the outstanding shares of AEP in a cash and stock transaction. Aggregate consideration will be $765 million, including AEPs net debt. Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of Berry common stock per AEP share in the transaction, subject to... 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
Workday (WDAY): Beat and Raise But Fully Valued - Cowen
August 25, 2016 7:51 AM EDTCowen analyst, Derrick Wood, reiterated his Market Perform rating on shares of Workday (NYSE: WDAY) after the company reported sub billings ~$3 mln ahead of his $356 mln est. FY17 billings guidance was raised by $5 mln as reduced capex guidance helped offset FCF dilution from the... 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
Stock futures lower as countdown to Yellen speech begins
August 25, 2016 7:25 AM EDTBy Yashaswini Swamynathan
(Reuters) - U.S. stock index futures were slightly lower on Thursday, with investors on the sidelines as they wait for more clarity from the Federal Reserve its path to raise interest rates.
* Investors have been waiting for Fed Chair Janet Yellen's address at an annual meeting of global central bankers in Jackson Hole, Wyoming, for signals on the timing of the next rate hike.
* While traders have priced in a marginal chance of a hike when the Fed meets in September, Yellen's... More
Workday (WDAY): Good 2Q But Not Enough For Upgrade - Needham
August 25, 2016 6:53 AM EDTNeedham & Company analyst, Scott Berg, reiterated his Hold rating on shares of Workday (NYSE: WDAY) after 2Q17 results were largely in line with the analyst's expectations of a nominal billings beat.
However, outperformance remains on the lower end of historical ranges in... More
First Analysis Downgrades Workday (WDAY) to Equal Weight
August 25, 2016 6:50 AM EDTFirst Analysis downgraded Workday (NYSE: WDAY) from Overweight to Equal Weight.
For an analyst ratings summary and ratings history on Workday click here. For more ratings news on Workday click here.
Shares of Workday closed at $79.65 yesterday.
... MoreAfter-Hours Stock Movers 08/24: (GES) (WDAY) (TLYS) Higher; (HPQ) Lower (more...)
August 24, 2016 6:19 PM EDTToday's After-Hours Movers
Guess? (NYSE: GES) 15.1% HIGHER; reported Q2 EPS of $0.14, $0.07 better than the analyst estimate of $0.07. Revenue for the quarter came in at $545 million versus the consensus estimate of $550.53 million. GUIDANCE: Guess? sees FY2017 EPS of $0.62-$0.75, versus the consensus of $0.60.
Workday (NYSE: WDAY) 11.2% HIGHER; 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... 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
Drexel Hamilton Remains Bullish on Workday (WDAY) Ahead of 2Q Report
August 24, 2016 8:22 AM EDTDrexel Hamilton reiterated a Buy rating and $92.00 price target on Workday (NYSE: WDAY) ahead of the company's 2Q earnings report. Workday will report its earnings results today (8/24) with a conference call scheduled for 5:00 pm ET.
Analyst Brian White commented, "We believe Workday... More
Workday (WDAY) August weekly volatility elevated into Q2 and outlook
August 23, 2016 3:33 PM EDTWorkday (NYSE: WDAY) August weekly call option implied volatility is at 102, September is at 50; compared to its 52-week range of 28 to 79 into the expected release of Q2 results on August 24.
... MoreOppenheimer Remains Bullish on Workday (WDAY) Ahead of 2Q Report
August 23, 2016 9:09 AM EDTOppenheimer reiterated an Outperform rating on Workday (NYSE: WDAY), and raised the price target to $90.00 (from $80.00), ahead of the company's 2Q earnings report. Industry checks point to a relatively good US software spending environment which should support forecasts. Oppenheimer expects WDAY to report a total revenue of ~ $372M and ($0.03) in... More