Tag Archives: wday

Workday Market Cap Can Rival That Of Oracle, SAP: Upgrade

Workday (WDAY) stock hit a new high Tuesday after UBS hiked its rating on the company, saying its market capitalization eventually could rival that of its much-bigger, much-older rivals Oracle (ORCL) and SAP (SAP). Workday’s Internet cloud-based software is used by companies and other enterprises for HR, payroll and financial management is disrupting the market, “with little credible competitive threat over the medium term,” UBS analyst Brent

Workday Said To Be Looking Like ‘Dominant Vendor’

Investors are buying into the Workday (WDAY) story. Workday stock was up 12% in midday trading Tuesday, a day after the company reported fiscal Q3 results and gave a fiscal Q4 revenue outlook that soundly beat estimates, as IBD reported. Steven Ashley, an analyst for Robert Baird & Co., raised his rating on the company from neutral to outperform. He also increased his price target to 90 from 85. FBR Capital Markets boosted its price target to 84

Workday Continues To Challenge Oracle, SAP; Q3 Beats

Workday late Monday posted fiscal Q3 earnings that soundly beat estimates, as did its Q4 sales outlook, as the software maker continues to challenge Oracle and SAP. The company’s revenue outlook for the current quarter was also ahead of Wall Street views. Workday (WDAY) stock was up 8.5% in after-hours trading Monday, after its earnings release, and is up 34% this year through Monday’s regular session. The company makes human resources and