Workday (WDAY) to Acquire VNDLY

Workday (WDAY) Shares Plunge 7% on VNDLY Acquisition and Guidance Miss, Analysts Say Buy Weakness Following Strong Q3 Results

Shares of Workday (NASDAQ: WDAY) are down over 7% in pre-open Friday despite the company topping Q3 estimates.

Workday reported Q3 EPS of $1.10 to easily top the analyst estimate of $0.86. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.31 billion.

We delivered another strong quarter as we continue to expand our addressable market through our diverse product portfolio and multiple go-to-market levers, helping to support our sustained growth, said Aneel Bhusri,... More

Workday (WDAY) PT Raised to $360 at Needham & Company

Needham & Company analyst Scott Berg raised the price target on Workday (NASDAQ: WDAY) to $360.00 (from $310.00) while maintaining a Buy rating.

The analyst commented, "Workday reported very good 3QF22 financial results including accelerating 24-month subscription backlog growth, subscription revenue growth, and 24-month RPO bookings growth.... More

Workday (WDAY) Stock Smacked 8% Despite Beat, VNDLY Acquisition

Workday (NASDAQ: WDAY) shares dropped more than 8% after-hours following the companys reported Q3 results, with EPS coming in at $1.10, beating the consensus estimate of $0.86. Quarterly revenue grew 20% year-over-year to $1.33 billion, compared to the consensus estimate of $1.31 billion. Subscription revenue grew 21% year-over-year to $1.17 billion, and total... More

Workday (WDAY) Appoints Barbara Larson to CFO

Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced continued investment in proven leaders to help accelerate growth, with the promotion of Doug Robinson to co-president and Barbara Larson to chief financial officer (CFO). In... More

Workday (WDAY) PT Raised to $355 at BMO Capital

BMO Capital analyst Keith Backman raised the price target on Workday (NASDAQ: WDAY) to $355.00 (from $295.00) while maintaining a Market Perform rating.

The analyst commented, "We are raising our FY23 estimates for WDAY, though leaving our FY22 estimates unchanged, and also raising our... More

Workday (WDAY) option IV bid into quarter results and outlook

Workday (NASDAQ: WDAY) November 300 straddle priced for a move of +/- 6% into the expected release of quarter results today before the bell.

Workday (WDAY) calls more active than puts into quarter results and outlook

Workday (NASDAQ: WDAY) November call option implied volatility is at 98, December is at 39; compared to its 52-week range of 26 to 51 into the expected release of quarter results before the bell on November 18. Call put ratio 2.1 calls to 1 put.

UPDATE: Cowen Upgrades Workday (WDAY) to Outperform

(Updated - November 17, 2021 5:51 AM EST)

Cowen analyst J. Derrick Wood upgraded Workday (NASDAQ: WDAY) from Market Perform to Outperform with a price target of $350.00 (from $280.00).

The analyst comments "We are upgrading shares of WDAY to Outperform and raising our PT to $350.... More

Workday (WDAY) option IV increases into quarter results and outlook

Workday (NASDAQ: WDAY) November call option implied volatility is at 82, December is at 39; compared to its 52-week range of 26 to 51 into the expected release of quarter results before the bell on November 18. Call put ratio 1.5 calls to 1 put.