Workday Announces Fiscal 2017 Second Quarter Financial Results

Brean Capital Raises Price Target on Workday (WDAY) to $62; Reiterates Sell

Brean 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

UBS 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

Jefferies 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

Drexel 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

Wedbush 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

Piper 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

First Analysis Downgrades Workday (WDAY) to Equal Weight

First 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.

Workday (WDAY) Misses Q2 EPS by 2c, Offers Q3 Guidance

Workday (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