Workday Now Covered by Cantor Fitzgerald (WDAY)
Investment analysts at Cantor Fitzgerald initiated coverage on shares of Workday (NASDAQ:WDAY) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on WDAY. Analysts at Burke & Quick initiated coverage on shares of Workday in a research note on Friday, July 25th. They set an “outperform” rating and a $93.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Workday from $86.00 to $96.00 in a research note on Wednesday, May 28th. Finally, analysts at Susquehanna cut their price target on shares of Workday from $110.00 to $100.00 in a research note on Wednesday, May 28th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $96.43.
Workday (NASDAQ:WDAY) traded down 1.25% during mid-day trading on Tuesday, hitting $84.80. The stock had a trading volume of 958,877 shares. Workday has a 1-year low of $64.21 and a 1-year high of $116.47. The stock has a 50-day moving average of $83.56 and a 200-day moving average of $85.70. The company’s market cap is $15.688 billion.
Workday (NASDAQ:WDAY) last released its earnings data on Tuesday, May 27th. The company reported ($0.13) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.02. The company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $152.42 million. During the same quarter last year, the company posted ($0.15) earnings per share. Workday’s revenue was up 74.3% compared to the same quarter last year. On average, analysts predict that Workday will post $-0.54 earnings per share for the current fiscal year.
Workday, Inc, is a provider of enterprise cloud-based applications for human capital management (NASDAQ:WDAY), payroll, financial management, time tracking, procurement and employee expense management.
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