Ultime notizie per Workday (NASDAQ:WDAY) Azioni

Workday

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.

Workday Inc

WORKDAY CL A ORD

<a href="https://www.workday.com/en-us/homepage.html">Workday, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) has announced its documentary, "<a href="http://www.workday.com/untapped-film">UNTAPPED: Closing America's Opportunity Gap</a>," produced in partnership with SpringHill, is now streaming on Netflix in the U.S.
&nbsp;
UNTAPPED charts the emotional and inspiring journeys of six young adults as they navigate a rigorous skills training program through <a href="http://www.yearupunited.org/">Year Up United</a>, for a shot at Fortune 500 internships – in hopes of changing the trajectory of their lives.&nbsp;
Set against a tapestry of deeply moving and powerful human stories, this Workday-developed documentary, directed by award-winning filmmaker Josh Kahn, boldly shines a light on the urgent need for skills-based hiring – a practice that focuses on a person's full range of skills and capabilities, rather than only looking at whether they have a traditional four-year college degree.
In the film, industry titans including GM CEO Mary Barra, JPMorganChase Chairman and CEO Jamie Dimon, Walmart CEO Doug McMillon, Workday Co-Founder and Executive Chair Aneel Bhusri, Workday CEO Carl Eschenbach, entrepreneur Mark Cuban, and more, share their candid experiences and perspectives about the skills imperative.
When asked about the significance of the film's message, JPMorganChase Chairman and CEO Jamie Dimon commented, "The new world of work is about skills, not necessarily degrees. We must remove the stigma of a community college and career education, look for opportunities to upskill or reskill workers, and give those who have been left behind the chance to compete for well-paying careers – today and tomorrow. It's good for business and good for society."
Workday CEO Carl Eschenbach echoed Dimon's sentiments and shared, "There are, and should be, different paths that can lead you to a successful career. I opted to get technical school training rather than a four-year degree and have selected roles to build out my skills over the past 35 years in technology. Skills are the modern currency of work."

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Workday's 'UNTAPPED' Documentary Now Streaming on Netflix, Spotlighting Skills-Based Hiring

Juniper Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnpr#NYSE">JNPR</a>) recently announced that Seoul Semiconductor has deployed its cutting-edge AI-Native Networking Platform. The deployment by this South Korea-based lighting technology firm aims to provide dependable and measurable wired and wireless access services that boost employee productivity while cutting operational costs. Central to this initiative is Juniper&#39;s sophisticated AI engine, Mist AI, which utilizes advanced AIOps and a microservices cloud to enhance both user and operator experiences.
<h2>How Will JNPR&#39;s Solutions Aid Seoul Semiconductor?</h2>
In today&#39;s hyper-connected, fast-paced business environment, the existing network infrastructure is facing growing pressure to facilitate ever-increasing data center workloads. Recognizing the limitations of its outdated wired and wireless infrastructure, Seoul Semiconductor decided to upgrade its hardware to address issues related to data throughput and coverage. This strategic move also aimed to alleviate inefficiencies stemming from vendor lock-in. By selecting Juniper&#39;s solutions, the company aims to achieve greater agility, automation and assurance across its network, essential for supporting its expanding operations.
The deployment of Mist AI, a key part of Juniper&#39;s AI-Native Networking Platform, is likely to enable Seoul Semiconductor to streamline its wireless operations and gain valuable insights into user experiences through service level monitoring. This integrated management solution uses a combination of artificial intelligence, machine learning and data science techniques to optimize user experiences and simplify operations across wireless access, wired access, SD-WAN, WAN Edge, data center and security domains.
It facilitates real-time monitoring and automates network settings, significantly reducing the time required for manual troubleshooting. With a rich data science toolkit and years of reinforced learning, Mist AI can also transform insights into automated actions, enhancing overall IT and user satisfaction.
In addition, the introduction of the Marvis Virtual Network Assistant (VNA) will likely provide the IT team with an intuitive conversational interface to detect and resolve networking issues efficiently. The state-of-the-art VNA is central to Juniper&#39;s unique AI-Native Network support model and constantly ingests data and learns from network devices and applications. This ensures a wide breadth of expertise with the highest level of efficacy.
<h2>Increasing Client Base to Drive Performance for JNPR</h2>
Juniper&#39;s leading-edge AI native networking portfolio is well-suited for both traditional and emerging AI workloads. This platform equips Seoul Semiconductor to leverage data effectively, respond in real-time and maintain a resilient infrastructure, ultimately delivering superior experiences for both operators and end-users.
With a strong presence in more than 100 countries, the leading provider of networking solutions and communication devices is expected to benefit from the increasing customer base. This will likely enable the company to generate higher revenues in the upcoming quarters. Improving financial performance is likely to propel the stock upward.
<h2>JNPR&#39;s Stock Price Performance</h2>
Shares of Juniper have gained 47.4% over the past year compared with the industry&#39;s growth of 55.4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/27/81093.jpg?v=718982448" />
Image Source: Zacks Investment Research
<h2>JNPR&#39;s&#39; Zacks Rank and Key Picks</h2>
Juniper currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Ubiquiti Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>) sports a Zacks Rank #1 (Strong Buy) at present. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company&#39;s effective management of its strong global network of more than 100 distributors and master resellers improved UI&#39;s visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%.
Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) sports a Zacks Rank #1 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains.
Ooma, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ooma#NYSE">OOMA</a>) currently carries a Zacks Rank #2 (Buy). In the last reported quarter, it delivered an earnings surprise of 7.14%.
Ooma provides communications solutions and other connected services to small business, home and mobile users. The Company&#39;s products include Ooma Office for small businesses, Business Promoter, Ooma Telo for home, Ooma end-point devices, Ooma Premier Service for Telo, Talkatone Application as well as caller identification, call-waiting and voice mail services. Ooma, Inc. is based in Palo Alto, United States.
<a href="https://www.zacks.com/stock/news/2350199/jnpr-s-solution-to-boost-seoul-semiconductor-s-network-stock-to-gain?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2350199">To read this article on Zacks.com click here.</a>

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JNPR

OOMA

JNPR's Solution to Boost Seoul Semiconductor's Network: Stock to Gain?

Management

Workday Says Doug Robinson Notified That He Will Retire As Co-president Effective January 31, 2025

Many investors are going full macro mode right now, focusing too much on today&#39;s data and not on tomorrow&#39;s implications. The U.S. election is coming up in a little over a month, a new earnings season is underway, and lots of economic data is pending for the Federal Reserve (the Fed) to consider further interest rate cuts before 2024 is over.
So far, the path is set for more rate cuts, with other countries starting to follow this same view, China being the latest to cut by 50 basis points last week. Some are still pointing to economic data like unemployment and contracting manufacturing PMI index readings for the past 22 months to quote a &lsquo;hard landing,&#39; but sticking to this view might keep these investors 100% bearish and potentially miss out on some of the potential rallies that can still be had.
One potential rally can be found in shares of Salesforce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), especially now that Wall Street has reiterated a new boost on the stock&#39;s price target, pointing to further upside in the coming quarters. The reason behind the boost is exactly what retail investors should focus on in their portfolio strategy, and it has to do with the economy and business model for cloud businesses in the technology sector.
<h2>What If the Bears Are Right? What Happens to Salesforce Stock?</h2>
A bearish scenario for the S&amp;P 500 doesn&#39;t have to mean a bearish scenario for all stocks. If the bearish scenario plays out, unemployment might keep heading higher, and businesses will have to look for alternatives in hiring and managing their workforce today.
This is where Salesforce stock comes into play. As a cloud-based platform, Salesforce can streamline and improve most business processes in today&#39;s economy. This means cost savings and increased efficiency for its customers. So, if unemployment is on the rise in this bearish scenario, businesses can keep expensive employees on payroll or adjust for the slowdown by implementing technology.
Salesforce stock bulls can now understand where new demand will come from, but the rest of the business model is what will deliver the stability and predictability that helped Wall Street analysts land a higher price target. Cloud service businesses like Salesforce, Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>), and Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) all operate under a subscription model, which can be critical during a hard landing.
Why? Subscriptions provide more predictable and stable cash flows for the companies that receive them, making projections and valuations easier to calculate despite any uncertainty and volatility in the overall market. That&#39;s for the bearish side, but what if the bulls are right and the market actually does well?
Salesforce also has a bullish scenario at play: Businesses need to use the platform to manage the higher business activity if the economy does manage to pull a &lsquo;soft landing&#39;. Whichever way investors look at Salesforce stock, there is a path for it to move higher, which is why Wall Street analysts felt comfortable boosting it.
<h2>Where Analysts See Salesforce Heading Next</h2>
The consensus price target for Salesforce stock is now set at $308 a share, which calls for a net 11.3% upside from where the stock trades today. Those at Wedbush stand out from the pack, with a recent price boost as recently as last week, setting the valuation up to $325 a share, calling for a much higher 17.5% net upside from today&#39;s price.
Wedbush is not alone, however, as analysts at Piper Sandler agreed on a $325 price target for Salesforce stock last week. This shows investors that the rest of Wall Street sentiment is now shifting to the bullish end for this company, and both economic scenarios seem to back the business model&#39;s predictability and stability for the future.
Even though Salesforce stock trades at 86% of its 52-week high today, there is still much more upside aside from current analyst upgrades. Compared to the rest of the computer sector, Salesforce offers a discount based on several valuation multiples.
On a price-to-earnings (P/E) basis, Salesforce trades at a 49.8x multiple. This current valuation places Salesforce at a 78.5% discount to the computer sector&#39;s average P/E valuation of 232.7x today, creating a path for a potential new 52-week high for Salesforce.
On a price-to-book (P/B) basis, Salesforce trades at a 4.6x valuation compared to the computer sector&#39;s valuation of 7.2x. This shows investors how Salesforce stock could have more room to move higher despite already trading near its 52-week high. The bullishness in the face of this discount didn&#39;t stop on Wall Street, however.
Those at Centaurus Financial decided to boost their holdings in Salesforce stock by 23.4% as recently as September 2024, bringing their net investment up to $3.2 million today. Even the Healthcare of Ontario Pension Plan doubled its holding in September, bringing its net allocation up to $48.1 million to show investors another bullish angle for Salesforce stock.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/salesforce-stock-gets-a-wall-street-boost-cloud-businesses-back/">Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?</a>&quot; first appeared on MarketBeat.

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Tech

ADBE

Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?

Citigroup analyst Steven Enders maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Neutral and lowers the price target from $274 to $270.

Citigroup Maintains Neutral on Workday, Lowers Price Target to $270

Investors with a lot of money to spend have taken a bullish stance on Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WDAY, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Workday.
This isn't normal.
The overall sentiment of these big-money traders is split between 76% bullish and 7%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $112,330, and 10 are calls, for a total amount of $1,420,928.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $250.0 for Workday over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Workday stands at 683.5, with a total volume reaching 5,349.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Workday, situated within the strike price corridor from $240.0 to $250.0, throughout the last 30 days.
<h3>Workday Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726863424_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.6</td>
<td>$15.73</td>
<td>$250.00</td>
<td>$225.6K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">673</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.8</td>
<td>$15.7</td>
<td>$15.87</td>
<td>$250.00</td>
<td>$223.3K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">882</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$16.1</td>
<td>$15.6</td>
<td>$15.85</td>
<td>$250.00</td>
<td>$205.0K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">222</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.7</td>
<td>$15.87</td>
<td>$250.00</td>
<td>$158.4K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">511</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.8</td>
<td>$15.86</td>
<td>$250.00</td>
<td>$156.8K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">386</td>
</tr>
</tbody>
</table>

<h3>About Workday</h3>
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.
Having examined the options trading patterns of Workday, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Workday</h3>
<ul>
<li>Currently trading with a volume of 3,612,779, the WDAY's price is up by 0.35%, now at $248.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 67 days.</li>
</ul>
<h3>What The Experts Say On Workday</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $297.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on Workday, which currently sits at a price target of $305. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Workday, targeting a price of $305. 
&#x2A; Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for Workday, targeting a price of $275. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Workday, which currently sits at a price target of $300. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Workday, targeting a price of $300. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Workday with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Workday's Options: A Look at What the Big Money is Thinking

JMP Securities analyst Patrick Walravens reiterates Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Market Outperform and maintains $315 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Workday, Maintains $315 Price Target

Goldman Sachs analyst Kash Rangan maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Buy and raises the price target from $300 to $305.

Goldman Sachs Maintains Buy on Workday, Raises Price Target to $305

BMO Capital analyst Daniel Jester maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Outperform and maintains $300 price target.

BMO Capital Maintains Outperform on Workday, Maintains $300 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler raised the price target for Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) from  $200 to $217. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Aspen Technology shares gained 3.3% to close at $233.54 on Tuesday. <a href="https://www.benzinga.com/quote/AZPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised the price target for NMI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from $40 to $48. RBC Capital analyst Scott Heleniak upgraded the stock from Sector Perform to Outperform. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. lifted Longboard Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>) price target from $60 to $80. HC Wainwright &amp; Co. analyst Patrick Trucchio maintained a Buy rating. Longboard Pharmaceuticals shares fell 10.3% to close at $27.58 on Tuesday. S<a href="https://www.benzinga.com/quote/LBPH/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Benchmark increased Belden Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) price target from $115 to $120. Benchmark analyst Reuben Garner maintained a Buy rating. Belden shares gained 2.9% to close at $106.29 on Tuesday. <a href="https://www.benzinga.com/quote/BDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities boosted the price target for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from $112 to $118. B of A Securities analyst Sara Senatore maintained a Buy rating. Starbucks rose 0.1% to close at $96.44 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) price target from $350 to $300. Needham analyst Scott Berg maintained a Buy rating. Workday shares fell 0.4% to close at $248.12 on Tuesday. <a href="https://www.benzinga.com/quote/WDAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) price target from $222 to $225. Baird analyst David Manthey maintained an Outperform rating. Ferguson Enterprises shares gained 5% to close at $207.06 on Tuesday. <a href="https://www.benzinga.com/quote/FERG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $347 to $345. B of A Securities analyst Ken Hoexter maintained a Buy rating. FedEx shares rose 1.6% to close at $297.34 on Tuesday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs raised The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $262 to $280. Goldman Sachs analyst Alex Scott maintained a Buy rating. Progressive shares rose 0.2% to close at $256.91 on Tuesday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) price target from $200 to $210. Stifel analyst Jonathan Block maintained a Buy rating. Zoetis shares rose 0.8% to close at $195.71 on Tuesday. <a href="https://www.benzinga.com/quote/ZTS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SBUX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png" alt="" class="wp-image-553956" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-768x394.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141.png 1321w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

AZPN

FERG

LBPH

NMIH

SBUX

Starbucks To Rally More Than 22%? Here Are 10 Top Analyst Forecasts For Wednesday

Needham analyst Scott Berg maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Buy and lowers the price target from $350 to $300.

Needham Maintains Buy on Workday, Lowers Price Target to $300

Piper Sandler analyst Brent Bracelin maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Overweight and maintains $285 price target.

Piper Sandler Maintains Overweight on Workday, Maintains $285 Price Target

Evisort's AI-Powered Document Intelligence Platform Will Enable Workday Customers To Surface Critical Insights and Take Action Across Vast Amounts of Financial and HR Data Faster and More Efficiently than Ever Before
LAS VEGAS, Sept. 17, 2024 /PRNewswire/ --&nbsp;<a href="https://www.workday.com/en-us/homepage.html">Workday, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), a leading provider of solutions to help organizations manage their <a href="https://www.workday.com/en-us/products/human-capital-management/overview.html">people</a>&nbsp;and&nbsp;<a href="https://www.workday.com/en-us/products/financial-management/overview.html">money</a>, today announced that it has signed a definitive agreement to acquire <a href="https://www.evisort.com/company/about">Evisort</a>, a leading AI-native document intelligence platform. With Evisort, Workday will add AI-powered document intelligence solutions across its finance and HR suite.
More than 80% of business data is unstructured and organized in a way that's not easy to search, analyze, or act upon. This includes data in contracts, invoices, and policy documents. With Evisort's powerful AI capabilities, Workday will enable its customers to surface critical insights within this untapped data to make key business decisions and take action faster than ever before.&nbsp;&nbsp;
Evisort is a trusted AI leader and pioneer in document intelligence. The company's platform leverages AI to surface clear and actionable insights from complex legal and business documents stored in document management systems.&nbsp;Major organizations use Evisort to analyze documents across their enterprise, uncovering vital information that helps them reduce spend, increase revenue, mitigate risk, and manage obligations.

Workday Signs Definitive Agreement To Acquire Evisort; No Financial Terms Disclosed

Rain, an employer-sponsored platform providing earned wage access (EWA) and other financial wellness services, today announced a signed partnership agreement with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.workday.com%2Fen-us%2Fhomepage.html&amp;esheet=54121689&amp;newsitemid=20240916073493&amp;lan=en-US&amp;anchor=Workday%2C+Inc.&amp;index=1&amp;md5=535b6e14ec5d726f8bb491cd45132fff">Workday, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), a leading provider of solutions to help organizations manage their <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.workday.com%2Fen-us%2Fproducts%2Fhuman-capital-management%2Foverview.html&amp;esheet=54121689&amp;newsitemid=20240916073493&amp;lan=en-US&amp;anchor=people&amp;index=2&amp;md5=b414d17dcedf76e7bafe6dfac46d0200">people</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.workday.com%2Fen-us%2Fproducts%2Ffinancial-management%2Foverview.html&amp;esheet=54121689&amp;newsitemid=20240916073493&amp;lan=en-US&amp;anchor=money&amp;index=3&amp;md5=2c8eb94a89171c8fff11b50330df7576">money</a>.
Rain's EWA program allows employees to access a portion of their earned wages before their regular payday, providing them with financial flexibility and helping them avoid high-interest loans and overdraft fees.
Employees who used Rain in 2023 are estimated to have saved a total of $51 million by avoiding overdraft fees and the interest associated with payday loans. Customers that offer EWA to their employees with Rain have seen up to 2x more job applications and have reported a 49% increase in retention after eight months on average.

Rain Signs Partnership Agreement With Workday, Allowing Employees To Access A Portion Of Their Earned Wages Before Their Regular Payday

Analysts' ratings for Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) over the last quarter vary from bullish to bearish, as provided by 20 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $283.8, along with a high estimate of $350.00 and a low estimate of $190.00. Observing a 2.49% increase, the current average has risen from the previous average price target of $276.90. 
<img src="https://www.benzinga.com/files/images/story/2024/1726254039_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Workday. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Maintains</td>
<td>Buy</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$300.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$289.00</td>
<td>$286.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$305.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$310.00</td>
<td>$290.00</td>
</tr>
<tr>
<td>Gil Luria</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$270.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$300.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Yun Kim</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$255.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$350.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$270.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$315.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$275.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$310.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$285.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$290.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$265.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$260.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$262.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>John Difucci</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Sell</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$325.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Workday. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Workday compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Workday's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Workday's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WDAY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Workday analyst ratings.</a>
<h2>About Workday</h2>
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.
<h3>Key Indicators: Workday's Financial Health</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Workday's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 16.68%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Workday's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.33%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Workday's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.6%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Workday's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.82%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Workday's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.4.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 20 Analyst Recommendations For Workday

Canaccord Genuity analyst David Hynes maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Buy and maintains $300 price target.

Canaccord Genuity Maintains Buy on Workday, Maintains $300 Price Target

Harmonic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) recently announced that TOD, a major sports and entertainment platform of beIN MEDIA GROUP, has opted to deploy Harmonic&#39;s cloud-native VOS 360 Media SaaS to enhance the audience experience. TOD primarily serves across the MENA region with exclusive rights to premium sporting events such as La Liga, Premier League, UEFA Champions League and 60,000 hours of other content in several languages.
The advanced fully managed video SaaS platform from HLIT provides impressive content quality from source to screen for various use cases such as live TV, streaming and live events. The solution also allows leveraging either single CDN (content delivery network) or multi-CDN delivery to ensure scalable delivery with greater reach. The complexity associated with live sports streaming workflows doesn&#39;t leave any room for error. Low latency and autoscaling capabilities, along with premium video quality and reliability, are needed to deliver a premium sports experience to viewers.
The leading-edge features of VOS360 Media SaaS effectively address these multifaceted requirements. Running on Microsoft Azure cloud, the platform efficiently manages crucial media processing functionalities, such as transcoding, encryption, packaging and origin. In addition to streamlining the entire media processing chain, its real-time scaling and geo-redundancy capabilities ensure seamless delivery of live sports events with exceptional video quality.
<h2>Will This Collaboration Boost HLIT&#39;s Share Performance?</h2>
Whether simplifying OTT video delivery via innovative cloud and software-as-a-service technologies or powering the delivery of gigabit Internet cable services, Harmonic is changing the way media companies and service providers monetize live and VOD content on every screen. The recent venture with beIN MEDIA GROUP underlines the broader market shift toward cloud-based streaming solutions that offer ultra low latency with 4K video quality. This emerging trend in the media &amp; entertainment sector bodes well for Harmonic&#39;s long-term growth.
<h2>HLIT&#39;s Stock Price Performance</h2>
The stock has gained 32.8% over the past year compared with the industry&#39;s growth of 53%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/89/77213.jpg?v=490213352" />
Image Source: Zacks Investment Research
<h2>Zacks Rank &amp; Other Stocks to Consider</h2>
Harmonic currently sports a Zacks Rank #1 (Strong Buy).
Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) sports a Zacks Rank #1 at present.
In the last reported quarter, it delivered an earnings surprise of 8.25%. It is engaged in providing cloud networking solutions for data centers and cloud computing environments. The company offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for next-generation data center networks.
Ubiquiti Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>) carries a Zacks Rank #2 (Buy) at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company&#39;s effective management of its strong global network of more than 100 distributors and master resellers improved its UI&#39;s visibility for future demand and inventory management techniques.
Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) carries a Zacks Rank of 2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%.
WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. The company&#39;s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.
<a href="https://www.zacks.com/stock/news/2334192/harmonic-elevates-live-sports-streaming-experience-stock-to-gain?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2334192">To read this article on Zacks.com click here.</a>

Sports

Events

Media

General

ANET

HLIT

Harmonic Elevates Live Sports Streaming Experience: Stock to Gain?

The Nasdaq 100 closed higher by over 1% during Monday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Workday</h3>
<ul>
<li>The Trade: Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) Director George J Still Jr <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 7,500 shares</a> at an average price of $255.45. The insider received around $1.9 million from selling those shares.</li>
<li>What's Happening: On Aug. 22, Workday reported better-than-expected second-quarter financial results and approved a new buyback program to repurchase up to an additional $1.0 billion of shares of its Class A common stock.</li>
<li>What Workday Does: Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions.</li>
</ul>
<h3 class="wp-block-heading">Buckle</h3>
<ul>
<li>The Trade: The Buckle, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) SVP Leasing Brett P Milkie <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 16,000 shares</a> at an average price of $41.35. The insider received around $661,560 from selling those shares.</li>
<li>What's Happening: On Aug. 23, Buckle reported better-than-expected second-quarter revenue results.</li>
<li>What Buckle Does: Buckle Inc is a retailer of casual apparel, footwear, and accessories.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) CEO and President Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $155.46. The insider received around $606,298 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
</ul>
<h3 class="wp-block-heading">MarineMax</h3>
<ul>
<li>The Trade: MarineMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) Clint Moore <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $30.03. The insider received around $75,075 from selling those shares.</li>
<li>What's Happening: On Sept. 9, Citigroup analyst James Hardiman upgraded MarineMax from Neutral to Buy and raised the price target from $40 to $44.</li>
<li>What MarineMax Does: MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40785814/dow-jumps-over-1-following-last-weeks-selloff-investor-sentiment-improves-but-fear-greed-index-rema">Dow Jumps Over 1% Following Last Week&#8217;s Selloff: Investor Sentiment Improves, But Fear &amp; Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>

Short Ideas

Insider Trades

PAYC

Workday, Buckle And 2 Other Stocks Executives Are Selling

Deep-pocketed investors have adopted a bearish approach towards Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WDAY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Workday. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 2 are puts, totaling $114,920, and 6 are calls, amounting to $249,021.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $210.0 and $280.0 for Workday, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Workday's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Workday's significant trades, within a strike price range of $210.0 to $280.0, over the past month.
<h3>Workday Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725910249_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.5</td>
<td>$0.25</td>
<td>$0.31</td>
<td>$280.00</td>
<td>$63.9K</td>
<td>2.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>WDAY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$5.3</td>
<td>$3.9</td>
<td>$4.2</td>
<td>$245.00</td>
<td>$63.0K</td>
<td>5</td>
<td>0</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$45.2</td>
<td>$43.6</td>
<td>$43.6</td>
<td>$210.00</td>
<td>$56.6K</td>
<td>18</td>
<td>13</td>
</tr>
<tr>
<td>WDAY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$11.8</td>
<td>$11.6</td>
<td>$11.8</td>
<td>$260.00</td>
<td>$51.9K</td>
<td>963</td>
<td>83</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.8</td>
<td>$260.00</td>
<td>$45.5K</td>
<td>596</td>
<td>86</td>
</tr>
</tbody>
</table>

<h3>About Workday</h3>
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.
After a thorough review of the options trading surrounding Workday, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Workday Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,753,307, with WDAY's price down by -0.44%, positioned at $253.47.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What Analysts Are Saying About Workday</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $282.0.
<ul>
<li>Consistent in their evaluation, an analyst from DA Davidson keeps a Neutral rating on Workday with a target price of $270. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Workday with a target price of $265. </li>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Workday, maintaining a target price of $315. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Workday with a target price of $300. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Workday, which currently sits at a price target of $260. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Workday, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on WDAY Options

For most investors, how much a stock&#39;s price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.
What if you&#39;d invested in Workday&nbsp;ten years ago? It may not have been easy to hold on to WDAY for all that time, but if you did, how much would your investment be worth today?
<h2>Workday&#39;s Business In-Depth</h2>
With that in mind, let&#39;s take a look at Workday&#39;s main business drivers.
Founded in 2005 and headquartered in Pleasanton, CA, Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) is a provider of enterprise-level software solutions for financial management and human resource domains. The company&#39;s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support.
Notably, organizations ranging from medium-sized businesses to Fortune 50 enterprises have opted for Workday solutions. The company also offers open, standards-based web-services application programming interfaces and pre-built packaged integrations and connectors.
In second quarter fiscal 2025, the company reported revenues of $2.09 billion. Subscription revenues accounted for 90.9% of total revenues, while professional revenues made up the rest.
Apart from Financial Management and Human Capital Management (HCM) solutions, the company offers applications related to Payroll, Time Tracking, Recruiting, Learning, Planning, Professional Services Automation and Student.
The company offers Adaptive Insights Business Planning Cloud solutions, Workday Prism Analytics, Workday Data-as-a-Service (DaaS) and Workday Marketplace.&nbsp; Workday Prism Analytics helps in business planning and collaborative approach.
Workday Prism Analytics helps customers to bring Workday data and data from any outside source together in order to make better business decisions. Workday DaaS is a cloud service that provides important data to customers which in turn help in decision-making.
The company serves technology, financial services, business services, healthcare and life sciences, manufacturing, and consumer and retail industries, as well as education and government industries.
Workday ended fiscal 2023 with more than 50% of the Fortune 500 customers. Its peers in HCM market include SAP SE, Oracle Corporation, Automated Data Processing, and Ceridian, among others.
<h2>Bottom Line</h2>
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Workday a decade ago, you&#39;re probably feeling pretty good about your investment today.
A $1000 investment made in August 2014 would be worth $3,030.62, or a gain of 203.06%, as of August 29, 2024, according to our calculations. This return excludes dividends but includes price appreciation.
Compare this to the S&amp;P 500&#39;s rally of 180.07% and gold&#39;s return of 86.90% over the same time frame.
Analysts are forecasting more upside for WDAY too.
Workday reported strong second-quarter fiscal 2025 results, with the bottom and the top lines surpassing the respective Zacks Consensus Estimate driven by solid customer wins, strategic expansions and strong contract renewals. It is benefiting from healthy demand for financial and human capital management (HCM) solutions in various end markets, including education, financial services and healthcare. Collaboration with Salesforce to develop a leading-edge AI-powered solution will likely enhance workplace efficiency and employee satisfaction. However, growing competition in the HCM and financial management software market could lead to pricing pressure and impede profit. Continuous investments to achieve long-term growth are hurting margins. Despite efforts to international expansion, the lack of geographical diversity remains a concern.
Shares have gained 14.61% over the past four weeks and there have been 10 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.
<a href="https://www.zacks.com/stock/news/2328733/here-s-how-much-a-1000-investment-in-workday-made-10-years-ago-would-be-worth-today?cid=CS-BENZ-FT-tale_of_the_tape|investing_$1000-2328733">To read this article on Zacks.com click here.</a>

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As cloud expansion shows no sign of slowing down, software stocks are proving to be the most promising investments in today's market. Thus, it could be wise to scoop up the shares of Salesforce (CRM), Workday, Inc. (WDAY), and Commvault Systems (CVLT), which are reliant on robust cloud services. Read more… The software industry is gaining momentum, driven by the robust IT spending on solutions and the demand for a global digital transformation. Companies are becoming faster and more efficient by integrating AI into their systems, which is helping to drive this growth.
Therefore, investors could consider investing in fundamentally strong software stocks such as Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>), Workday, Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>), and Commvault Systems, Inc. (<a href="https://stocknews.com/stock/CVLT/">CVLT</a>), which have seen remarkable revenue growth and are continuing to expand their cloud services.
The demand for Software-as-a-Service (SaaS), cloud storage, and cloud computing solutions is increasing, driven by the ongoing digital transformation across industries. According to Gartner, global IT spending is forecasted to increase <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">7.5% year-over-year</a> to $5.27 trillion, providing a substantial upside for software companies.
Furthermore, the global software market is anticipated to reach $2.25 trillion by 2034, exhibiting a <a href="https://www.precedenceresearch.com/software-market">CAGR of 11.8%</a>. Meanwhile, the cloud computing market is forecasted to expand at a <a href="https://www.mordorintelligence.com/industry-reports/cloud-computing-market#:~:text=Cloud%20Computing%20Market%20Analysis,period%20(2024%2D2029).">CAGR of 16.4%</a>, reaching $1.44 trillion by 2029. Analysts believe that cloud-based AI, machine learning, and data analytics are future growth drivers for the industry, enabling businesses to enhance customer retention and improve margins through technology integration.
Considering these conducive trends, let's examine the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry stocks in detail, beginning with the third choice:
Stock #3: Workday, Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>)
WDAY is a global provider of enterprise cloud applications for finance and human resources. It helps customers plan, execute, analyze, and extend to its varied applications to manage their business and operations.
On September 18, WDAY announced the release of Workday Wellness, a new AI-powered solution, providing companies with a real-time view into which benefits and wellness their employees want and use. This new AI-powered solution will enhance employee well-being and create more personalized health benefits.
In the same month, WDAY agreed to acquire Evisort, a leading AI-native document intelligence platform. This acquisition will enable WDAY's customers to surface critical insights, make decisions, and take faster actions across financial and HR data faster and more efficiently with Evisort's document intelligence.
For the second quarter of 2025, which ended on July 31, WDAY's total revenues increased 16.7% year-over-year to $2.09 billion, and its non-GAAP operating income stood at $518 million, indicating a 23% growth from the prior-year quarter period.
Its <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> rose 67.1% from the year-ago value to $132 million, while its non-GAAP net income per share stood at $1.75, up 22.4% year-over-year. Also, the company's free cash flow grew 43.3% from the year-ago value to $516 million.
The company has updated its fiscal year 2025 guidance. It now expects its subscription revenue to range between $7.70 billion and $7.73 billion, representing a growth of approximately 17%. Additionally, WDAY expects its non-GAAP operating margin to be 25.25%.
Analysts expect WDAY's revenue for the third quarter ending October 31, 2024, to increase 14.2% year-over-year to $2.13 billion, while its EPS for the same period is expected to increase 14.8% from the prior-year quarter to $1.76. The company surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
WDAY shares have surged 12.8% over the past year and 5.4% over the past three months to close the last trading session at $242.47.
WDAY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
WDAY has an A grade for Growth and B for Sentiment and Quality. It is ranked #22 out of 131 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry. <a href="https://stocknews.com/stock/WDAY/">Click here</a> to see the additional ratings for WDAY (Value, Momentum, and Stability).
Stock #2: Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>)
CRM provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. It supports third-party development and offers global sales, service, and subscription services, enabling data storage, lead tracking, and issue resolution.
On September 17, CRM announced a strategic collaboration with NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) to develop and co-innovate advanced AI capabilities and interactive avatar experiences within their platforms, CRM's Agentforce and NVDA's AI platform. This collaboration will enable new insights and improved productivity across the sales, service, marketing, and IT teams.
On the same day, CRM and Google Cloud announced the extension of their partnership to create Salesforce Agentforce Agents that will allow people to collaborate securely across Salesforce Customer 360 and Google Workspace apps. The partnership will help create the first agent ecosystem, delivering a fully AI-infused productivity suite.
In the fiscal 2025 second quarter that ended on July 31, 2024, CRM's total revenue increased 8.4% year-over-year to $9.33 billion. The company reported non-GAAP income from operations of $3.14 billion, indicating a 15.5% growth from the prior year quarter with a non-GAAP operating margin of 33.7% (up 210 bps year-over-year). Its free cash flow increased 20.2% year-over-year to $755 million.
CRM's non-GAAP net income came in at $2.49 million, up 19.1% year-over-year, while its non-GAAP net income per share grew 20.8% from the year-ago value to $2.56.
For the fiscal year 2025, the company's non-GAAP operating margin is projected to be 32.8%, with EPS anticipated to fall between $6.05 and $6.13. On a consolidated adjusted basis, its non-GAAP EPS is expected to range from $10.03 to $10.11. CRM expects total revenue to range between $37.7 billion and $38 billion, representing a growth of 8%-9%.
Street expects CRM's revenue for the fiscal third quarter (ending October 2024) to increase 7.2% year-over-year to $9.35 billion. Its EPS for the same period is expected to register a 15.9% growth from the prior year, settling at $2.45. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is promising.
Shares of CRM have gained 42.6% over the past year and 14.6% over the past month to close the last trading session at $291.64.
CRM's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Sentiment and Quality. Within the same industry, it is ranked #19 out of 131 stocks. <a href="https://stocknews.com/stock/CRM/">Click here</a> to see CRM's ratings for Growth, Value, Momentum, and Stability.
Stock #1: Commvault Systems, Inc. (<a href="https://stocknews.com/stock/CVLT/">CVLT</a>)
CVLT provides data protection and information management software applications and services to large enterprises, small and medium-sized businesses, and government agencies globally. Its offerings include Commvault Backup and Recovery, Commvault Disaster Recovery, Commvault Complete Data Protection, Commvault HyperScale X, and Metallic Data Protection-as-a-service.
On October 8, CVLT expanded its partnership with Google Cloud. CVLT will provide a new solution, Commvault&#xAE;, for Cloud Backup &amp; Recovery for Google Workspace. This advanced solution will deliver comprehensive, end-to-end enterprise-grade protection, multi-layered cyber resilience, and the simplicity of SaaS.
On the same day, CVLT launched Cloud Rewind, a cloud-native application recovery and rebuild program on its platform. This unique offering will help businesses restore data within minutes after a cyberattack, simplifying cloud cyber recovery.
CVLT's total revenue for the first quarter (ended June 30, 2024) increased 13.4% year-over-year to $224.67 million. Further, its non-GAAP income from operations grew 10.9% from the prior year's quarter to $48.30 million.
The company's non-GAAP net income for the quarter amounted to $38.40 million or $0.85 per share, reflecting an increase of 18.1% from the same period last year. Also, its non-GAAP free cash flow rose 15.7% from the year-ago value to $43.83 million.
As per the financial outlook for the fiscal year 2025, CVLT's total revenues are expected to be between $915 million and $925 million. The company also expects subscription revenue to be between $522 million and $527 million and the non-GAAP operating margin to range from 20% to 21%.
The consensus revenue estimate of $220.88 million for the fiscal second quarter (ended September 2024) represents a 9.9% increase year-over-year. The consensus EPS estimate of $0.76 for the same quarter indicates an 8.1% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past year, the stock has surged 144.9%, closing the last trading session at $163.91.
It's no surprise that CVLT has an overall rating of B, equating to a Buy in our POWR Ratings system. It has an A grade for Quality and a B for Growth and Sentiment. Out of 131 stocks in the Software - Application industry, CVLT is ranked #15.
Beyond what is stated above, we've also rated CVLT for Value, Momentum, and Stability. Get all CVLT ratings <a href="https://stocknews.com/stock/CVLT/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
<hr />
CRM shares were trading at $291.66 per share on Tuesday morning, up $0.02 (+0.01%). Year-to-date, CRM has gained 11.33%, versus a 24.13% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/crm-wday-cvlt-nvda-3-software-stocks-to-buy-as-cloud-services-continue-to/>3 Software Stocks to Buy as Cloud Services Continue to Expand</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Software Stocks to Buy as Cloud Services Continue to Expand

As AI adoption accelerates across industries, this stands to create significant traction for hypergrowth stocks. Therefore, investors wanting to capitalize on such could invest in Workday (WDAY), Twilio (TWLO), and Smartsheet (SMAR), leading to sustainable growth in the coming years. Keep reading… The demand for Artificial Intelligence (AI) is rapidly evolving as businesses, organizations, and individuals are adopting it in growing numbers to boost efficiency and productivity. This rapid adoption is fueling opportunities for hypergrowth stocks that are increasingly adopting AI to stay competitive.
Given this backdrop, it could be wise for investors to invest in hypergrowth stocks such as Workday, Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>), Twilio Inc. (<a href="https://stocknews.com/stock/TWLO/">TWLO</a>), and Smartsheet Inc. (<a href="https://stocknews.com/stock/SMAR/">SMAR</a>) for potential revenue growth and expansion in product offerings.
According to a <a href="https://www.statista.com/outlook/tmo/artificial-intelligence/worldwide">Statista</a> report, the global market size for AI is anticipated to reach $826.70 billion by 2030, exhibiting a CAGR of 28.5%, with the United States having the largest market size of $50.16 billion in 2024. This makes its impact on the market significant, driving investor enthusiasm.
Moreover, with rapid integration and evolving technology, the <a href="https://www.cnbc.com/2024/10/08/foxconn-chairman-says-ai-boom-still-has-time-to-go-as-llms-evolve.html">AI boom "still has some time to go,"</a> says Emily Tan, Chief Executive and Chairman of Foxconn Young Liu. AI is another growing industry, and its infrastructure still has some way to move forward.
Furthermore, with 77% of companies either using or exploring the use of AI in their businesses and 83% claiming it a top priority in their business plans, AI has become an integral part of the economy. As the reports are to be believed, AI is set to create over <a href="https://edisonandblack.com/pages/over-97-million-jobs-set-to-be-created-by-ai.html">97 million jobs by 2025</a>, contributing to the economy.
Considering these conducive trends, let's look at the fundamentals of the above-mentioned stocks in detail:
Workday, Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>)
WDAY is a global provider of enterprise cloud applications for finance and human resources. It helps customers plan, execute, analyze, and extend to its varied applications to manage their business and operations.
On September 18, WDAY announced the release of Workday Wellness, a new AI-powered solution, providing companies with a real-time view into which benefits and wellness their employees want and use. This new AI-powered solution will enhance employee well-being and create more personalized health benefits.
In the same month, WDAY agreed to acquire Evisort, a leading AI-native document intelligence platform. This acquisition will enable WDAY's customers to surface critical insights, make decisions, and take faster actions across financial and HR data faster and more efficiently with Evisort's document intelligence.
For the second quarter of 2025, which ended on July 31, WDAY's total revenues increased 16.7% year-over-year to $2.09 billion, and its non-GAAP <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> stood at $518 million, indicating a 23% growth from the prior-year quarter period.
Its net income rose 67.1% from the year-ago value to $132 million, while its non-GAAP net income per share stood at $1.75, up 22.4% year-over-year.  Also, the company's free cash flow grew 43.3% from the year-ago value to $516 million.
The company has updated its fiscal year 2025 guidance. It now expects its subscription revenue to range between $7.70 billion and $7.73 billion, representing a growth of approximately 17%. Additionally, WDAY expects its non-GAAP operating margin to be 25.3%.
Analysts expect WDAY's revenue for the third quarter ending October 31, 2024, to increase 14.2% year-over-year to $2.13 billion, while its EPS for the same period is expected to increase 14.9% from the prior-year quarter to $1.76. The company surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
WDAY's revenue has grown at CAGRs of 18.9% and 19.4% over the past three and five years, respectively. Likewise, the company's total assets have increased at a CAGR of 21.2% over the past three years and 22.1% over the past five years.
WDAY shares have surged 12.8% over the past year and 5.4% over the past three months to close the last trading session at $242.47.
WDAY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
WDAY has an A grade for Growth and B for Sentiment and Quality. It is ranked #22 out of 131 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry. <a href="https://stocknews.com/stock/WDAY/">Click here</a> to see the additional ratings for WDAY (Value, Momentum, and Stability).
Twilio Inc. (<a href="https://stocknews.com/stock/TWLO/">TWLO</a>)
TWLO provides a customer engagement platform comprising international communications application programming interfaces. It operates through two segments: Twilio Communications and Twilio Data &amp; Applications.
On October 1, TWLO and OpenAI collaborated to integrate OpenAI's Realtime API into its platform. This integration will enable TWLO to build conversational AI applications and agents, which will bring customers more natural interactions to the platform.
On September 9, TWLO announced expanded accessibility of Rich Communication Services (RCS) messaging via its Programmable Messaging and Verify APIs to enhance branded and verified messaging and build customer trust in its source.
In the fiscal second quarter that ended on June 30, 2024, TWLO's revenue increased 4.3% year-over-year to $1.08 billion with a non-GAAP gross margin of 53.3% (up 110 bps year-over-year). The company reported non-GAAP income from operations of $175.32 million, indicating a 45.9% growth from the prior-year quarter.
TWLO's non-GAAP net income came in at $150.12 million, up 48.9% year-over-year, while its non-GAAP net income per share grew 61.1% from the year-ago value to $0.87. Also, its free cash flow increased 174.7% year-over-year to $197.58 million.
According to the financial guidance for fiscal year 2024, the company's non-GAAP income from operations is projected to be between $650 million and $675 million, with organic revenue growth anticipated to range from 6%-7%.
The consensus revenue estimate of $1.09 billion for the fiscal third quarter (ended September 2024) represents a 5.8% increase year-over-year. The consensus EPS estimate of $0.86 for the same quarter indicates a 47.6% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Moreover, TWLO's revenue has grown at CAGRs of 23.4% and 36.9% over the past three and five years, respectively. In addition, its total assets increased at 15.5% CAGR over the past five years.
The stock has surged 22.7% over the past three months and 27.7% over the past year to close the last trading session at $70.99.
TWLO's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Growth and a B for Value and Sentiment. Within the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry, it is ranked #9 out of 18 stocks. <a href="https://stocknews.com/stock/TWLO/">Click here</a> to see TWLO's ratings for Momentum, Stability, and Quality.
Smartsheet Inc. (<a href="https://stocknews.com/stock/SMAR/">SMAR</a>)
SMAR provides a work management platform for organizations, allowing them to plan, capture, manage, automate, and report on work at scale. The company's platform enables teams of all sizes to manage custom processes, programs, and portfolios that fit, and it delivers its cloud-based software platform globally through a subscription model.
On October 8, SMAR announced its strategic collaboration with AWS to launch a new connector for Amazon Q Business that synchronizes data and provides insights to the customers. This new connector will allow the generative AI-powered assistant to answer customers' queries through a unified search experience.
SMAR's total revenue for the second quarter (ended July 31, 2024) increased 17.3% year-over-year to $276.41 million. Its non-GAAP operating income grew 135.7% from the prior year's quarter to $45.29 million. The company's non-GAAP net income amounted to $61.64 million and $0.44 per share, reflecting increases of 180% and 175% year-over-year, respectively. In addition, SMAR's free cash flow rose 25.6% from the year-ago value to $57.15 million.
As per the fiscal year 2025 financial outlook, SMAR forecasts total revenue to range between $1.116 billion and $1.121 billion. The company also expects non-GAAP operating income between $177 million and $182 million and free cash flow of $240 million. It also expects non-GAAP net income per share to be between $1.36 and $1.39.
Street expects SMAR's revenue for the fiscal second quarter (ended September 2024) to increase 15.4% year-over-year to $283.87 million. Its EPS for the same period is expected to register a 90.1% growth from the prior year, settling at $0.30. In addition, it surpassed the consensus revenue and EPS in each of the trailing four quarters, which is promising.
Over the past three and five years, SMAR's revenue income grew at CAGRs of 31.6% and 36.5%, respectively, while its levered FCF grew at 47.3% CAGR over the past five years.
Over the past six months, the stock has gained 48.8%, closing the last trading session at $56.04.
It's no surprise that SMAR has an overall rating of B, equating to a Buy in our POWR Ratings system. It has an A grade for Growth and a B for Sentiment and Quality. Out of 18 stocks in the Software - SAAS industry, SMAR is ranked #6.
Beyond what is stated above, we've also rated SMAR for Value, Momentum, and Stability. Get all SMAR's ratings <a href="https://stocknews.com/stock/SMAR/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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<hr />
WDAY shares were trading at $244.30 per share on Tuesday afternoon, up $1.83 (+0.75%). Year-to-date, WDAY has declined -11.50%, versus a 22.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/wday-twlo-smar-3-hypergrowth-stocks-ready-to-soar-as-ai-adoption-expands/>3 Hypergrowth Stocks Ready to Soar as AI Adoption Expands</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Hypergrowth Stocks Ready to Soar as AI Adoption Expands

AAPL

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DOCU

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INFR

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LOIMF

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LRGE

MHSDF

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NVDA

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Press Releases

Workday Announces New AI Agents to Transform HR and Finance Processes

Workday Signs Definitive Agreement to Acquire Evisort

Workday Announces Workday Wellness, A New AI-Powered Solution to Help Companies Deliver More Personalized Health Benefits

Workday Ventures' Latest AI Investments Fuel Innovation for Workday Customers and the Industry

Workday and Its Partners Launch 12 New Industry Accelerators to Help Customers Meet Industry-Specific Needs Faster

The Josh Bersin Company Named Workday Innovation Partner

Evisort One of the First AI Companies in the World to Achieve Accredited ISO 42001 Responsible AI Certification

Fintech

Workday Showcases Technology Leadership at Grace Hopper Celebration 2024 with 50 Delegates and Five Speakers

University of Arkansas System Deploys Workday Student to Transform the Student Experience and Fuel Organizational Agility Across Seven Campuses

Entertainment

Workday and SpringHill-Produced Documentary "UNTAPPED" is Now Available on Netflix in the U.S.

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