Paycom Software (PAYC) stock reversed to the negative Wednesday after initially rising as much as 9.5%, after the HR software maker late Tuesday reported Q4 EPS and revenue that topped expectations and forecast current-quarter sales above views. Paycom Software competes with Automatic Data Processing (ADP) and Workday (WDAY). Paycom swing to a profit in Q4, earning 6 cents per share, compared with a 2-cent per-share loss in the year-earlier
Workday (WDAY) may be a victim of its own conservatism. Shares of the enterprise software company fell more than 5% in morning trading in the stock market today, one day after the company reported a revenue forecast for the current period that was only in line with analyst expectations. Also, the company’s revenue projection for its fiscal 2016 implied 40% year-over-year growth, below analysts views of 47% growth. (See IBD’s report.) Workday is
Workday’s cloud software growth continues, but so do its losses. The maker of HR and financial software late Monday posted fiscal Q3 results that solidly beat Wall Street estimates, but its net loss accelerated, and its revenue outlook for Q4 merely met views. Workday (WDAY) stock was down 7% in after-hours trading Monday after the company delivered its latest earnings. Workday stock fell a fraction in Monday’s regular session but is up 11% for