Workday Announces Fiscal 2017 Third Quarter Financial Results

Oppenheimer Cuts Price Target on Workday (WDAY) Following 3Q; Reiterates Outperform

Oppenheimer maintained an Outperform rating on Workday (NYSE: WDAY), and cut the price target to $88.00 (from $100.00), following the company's 3Q earnings report. Total revenue of $410M was ~$9M above consensus. EPS of $0.03 was $0.07 above consensus. Total revenue guidance of $427-430M is below the $434M consensus; and subscription... More

Drexel Hamilton Raises Price Target on Workday (WDAY) Following 3Q Beat

Drexel Hamilton reiterated a Buy rating on Workday (NYSE: WDAY), and raised the price target to $104.00 (from $110.00), following the company's 3Q earnings report. Workday reported sales of $409.6 million, exceeding the Street's $400.5 million estimate. Pro forma EPS of positive $0.03 breezed through the Street's... More

Jefferies Cuts Price Target on Workday (WDAY) to $71 Following 3Q

Jefferies maintained a Hold rating on Workday (NYSE: WDAY), and cut the price target to $71.00 (from $79.00), following the company's 3Q earnings report. Non-GAAP EPS of $0.03 was above consensus of ($0.04), total revenue of $409.6M and subscription revenue of $335.7M were also better than consensus... More

Cowen Cuts Price Target on Workday (WDAY) Following 3Q

Cowen maintained a Market Perform rating on Workday (NYSE: WDAY), and cut the price target to $73.00 (from $83.00), following the company's 3Q report. WDAY reported a modest 3Q billings beat. However, the slippage of several large deals that were planned to close in... More

BTIG Cuts PT on Workday (WDAY) to $88 Following Q3 Results; Affirms at 'Buy'

BTIG lowers its price target on Buy-rated Workday (NYSE: WDAY) from $97 to $88 following Q317 results reported Thursday night.

The firm commented today, Workday reported a slight beat to Street estimates for their fiscal 3Q. The stock is down though ~12% in the after-market,... More

Workday (WDAY) Tops Q3 EPS by 7c

Workday (NYSE: WDAY) reported Q3 EPS of $0.03, $0.07 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $409.6 million versus the consensus estimate of $400.44 million.

GUIDANCE:

Workday sees FY2017 revenue of $1.560-1.563 billion, versus the consensus of $1.56... More