Workday (WDAY) saw two analysts lower its price target, but it also got an upgrade as shares rebounded Tuesday along with the market. D.A. Davidson’s Jack Andrews lowered his price target on shares of the cloud-based HR software maker to 91 from 97, but he also upgraded Workday stock to buy from neutral. Andrews said that his new price target is based on lower cash flow analysis. But he says that the stock’s discounted price now offers a good
Can Workday (WDAY) keep the streak alive? The provider of human capital management software has beaten Wall Street estimates on both revenue and earnings for each of the last eight quarters. That streak will be on the line when it reports fiscal 2016 second-quarter results on Wednesday. The company is expected to post another deficit, this time a loss of 6 cents a share, excluding items, in the report. Regardless of whether it pleasantly surprises
Oracle’s (ORCL) transition pains to the cloud might not be as bad as expected when the enterprise software maker reports its fiscal fourth-quarter earnings after the market close Wednesday. The database leader could produce better results for the just-completed quarter as the company transitions its software business to the cloud, where it can better compete with fast-growing rivals Salesforce.com (CRM) and Workday (WDAY), which last month gave