Workiva Announces Third Quarter 2016 Financial Results

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Go back to Workiva Announces Third Quarter 2016 Financial Results

Credit Suisse Downgrades Workiva (WK) to Neutral

November 10, 2016 6:59 AM EST

Credit Suisse downgraded Workiva (NYSE: WK) from Outperform to Neutral with a price target of $16.00 (from $18.00).

Analyst Michael Nemeroff commented, "ful EPS beat but mgmt. was forced to lower their Q4 revenue guidance by ~7% due to elongated sales cycles as WK pursues larger, enterprise-wide... More

Workiva (WK) Tops Q3 EPS by 11c

November 9, 2016 5:25 PM EST

Workiva (NYSE: WK) reported Q3 EPS of ($0.23), $0.11 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $44.7 million versus the consensus estimate of $44.87 million.

Operating Metrics

Customers: Workiva had 2,696 customers as of September 30, 2016, a net increase of 228 customers from September 30, 2015.
Revenue... More