Workday’s (WDAY) analyst day seemed to do more harm than good Wednesday, as shares of the enterprise software company dropped after analyst reaction was mixed. Workday stock fell 2.6% Wednesday to a 16-month closing low of 68.86, and at one point was down more than 6%. Analysts offered no clear signal on where Workday was headed following Tuesday’s gathering for analysts, an event the company called “Rising.” “While several updates were
The struggling stock market doesn’t make it easy for Workday (WDAY) stock to generate momentum heading into its annual analyst day on Tuesday. Workday stock fell 2.8% Monday to near 70.50, and it’s hovered near 70 for more than a month. Shares dropped below 70 for the first time since May 2014 during the Aug. 24 crash. The maker of enterprise software is down nearly 40% from its all-time high of 116.47, reached in February 2014. Shares of the
Workday (WDAY) stock managed to climb in early trading on Thursday despite a drastic drop in shares during off-hours sessions, after investors had a chance to digest the company’s guidance on future billing numbers. Though a slew of analysts lowered their price target on the company, Workday stock was trading up more than 3% from its Wednesday close, near 75 in early-afternoon trades. Workday, a maker of cloud-based enterprise software designed to