Workday (NASDAQ:WDAY) Impresses with Q3 Report, but Macro Headwinds Remain
December 01 2022 - 11:24AM
TipRanks
Under ordinary circumstances, an earnings beat represents cause for
celebration. When it came to market rewards, Workday (NASDAQ:WDAY)
enjoyed its just desserts as its stock rallied to reflect brewing
enthusiasm for the underlying cloud-based financial and
human-capital management industries. Still, the market represents a
forward-looking concept, which raises questions for the enterprise.
Therefore, I am neutral on WDAY. Admittedly, a middle-of-the-road
perspective contrasts with the excitement that Workday generated
among its cloud-computing peers. Throughout this year, several
companies disclosed concerns about negative impacts on their cloud
businesses. Therefore, when Workday posted its impressive results
for the third quarter, it got market observers to believe
again.
https://www.tipranks.com/news/article/workday-wday-stock-impresses-q3-report-but-macro-headwinds-remain?utm_source=advfn.com&utm_medium=referral
Workday (NASDAQ:WDAY)
Historical Stock Chart
From Apr 2023 to May 2023
Workday (NASDAQ:WDAY)
Historical Stock Chart
From May 2022 to May 2023