Workday Inc. ($WDAY) Stock Forecast: Down 5.1% Today

What is Workday Inc.?

Workday (WDAY) is a cloud-based software company offering human capital management and financial management applications. The market sentiment towards WDAY remains positive, driven by its strong fundamentals and revenue potential.

Why is Workday Inc. going down?

WDAY stock is down 5.1% on Nov 15, 2024 19:41

• Factors possibly contributing to today's bearish movement in WDAY stock include:
• Kulicke and Soffa's Q4 earnings missing estimates and decreased revenues in the Automotive and Industrial, and Memory end-markets may have shaken confidence in the tech sector, affecting WDAY.
• Market gains may have prompted investors to shift from individual stocks like WDAY to broader market indices, leading to a slight stock price decline.
• WDAY's substantial 17% increase in the past year could have incentivized some investors to capitalize on profits, resulting in a temporary stock price dip.

WDAY Price Chart

WDAY Technical Analysis

WDAY News

Kulicke and Soffa Q4 Earnings Miss Estimates, Revenues Decrease Y/Y

KLIC's Q4 results reflect strong growth in Automotive and Industrial, and Memory end-markets, leading to solid market performance despite challenges.

https://www.zacks.com/stock/news/2371186/kulicke-and-soffa-q4-earnings-miss-estimates-revenues-decrease-yy

Workday Gains 17% in the Past Year: Reason to Buy WDAY Stock?

With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, WDAY appears to be a solid investment proposition.

https://www.zacks.com/stock/news/2370961/workday-gains-17-in-the-past-year-reason-to-buy-wday-stock

Workday ( WDAY ) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Workday (WDAY) closed at $256.54, marking a -0.56% move from the previous day.

https://www.zacks.com/stock/news/2367784/workday-wday-stock-sinks-as-market-gains-what-you-should-know

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Workday Inc. Price History

23.07.2024 - WDAY Stock was up 10.7%

• Today, Workday's stock had a strong bullish movement due to the following reasons:
• Workday reported upbeat quarterly sales, exceeding analyst expectations, which led to a surge in investor confidence.
• Analysts have praised Workday's Q2 results, with some even calling it a 'turning point' for the company.
• The positive earnings report from Workday amidst an exciting earnings season contributed to the stock's upward momentum.
• Workday's strong performance also coincided with other big stocks like CAVA Group posting better-than-expected financial results, creating a positive sentiment in the market.

23.07.2024 - WDAY Stock was up 10.4%

• Workday's stock price surged nearly 13% in pre-market trading following the release of its impressive second-quarter financial results, which beat revenue estimates.
• The company's strong subscription revenue growth and operational efficiency highlighted in the earnings call transcript further fueled investor optimism.
• The positive market sentiment towards Workday was also reflected in the broader market trend, with U.S. stock futures trading higher, indicating a favorable trading day overall.

24.09.2024 - WDAY Stock was down 2.7%

• Workday's stock price dropped despite bullish market trends, raising questions about the cause.
• Potential factors behind the contradictory movement:
• Strong quarterly earnings or positive analyst recommendations boosting investor confidence.
• Broader economic concerns or issues affecting tech stocks overshadowing Workday's performance.
• Reaction to specific events like executive changes or legal issues possibly prompting a sell-off despite the company's positive trajectory.

23.07.2024 - WDAY Stock was up 12.1%

• Workday (WDAY) reported Q2 earnings that beat estimates, driven by higher revenues and growing demand for its solutions across various sectors.
• Analysts have labeled Workday's Q2 performance as a 'turning point,' leading to a surge in the stock price.
• The overall positive market sentiment towards Workday was further supported by other big stocks like Cava Group posting strong Q2 results, contributing to the bullish movement.
• The market reacted positively to Workday's performance, with investors showing confidence in the company's growth trajectory and financial outlook.

11.08.2024 - WDAY Stock was down 2.4%

• Workday (WDAY) faced a sharp downward trend in the market today.
• Negative sentiment towards WDAY options from insider selling and influential investors could have influenced this bearish movement.
• Insider trades and bearish bets on WDAY may suggest concerns about the company's future or its perceived high valuation.
• Despite the generally positive market sentiment, internal factors within the company appear to have impacted Workday's stock performance negatively today.

06.08.2024 - WDAY Stock was down 1.0%

• WDAY stock might have experienced a bearish movement due to profit-taking after a recent bullish run.
• The collaboration between JNPR and Quantum Bridge in advancing AI-native networking may have diverted investor attention away from WDAY, causing a dip in its stock price.
• The focus on cybersecurity threats posed by quantum computing could have raised concerns about data security in the tech sector, impacting WDAY negatively.
• Investors may be rotating out of cloud-based software stocks like WDAY and into companies involved in cutting-edge technologies like AI-native networking, leading to the bearish movement in WDAY's stock price today.

15.10.2024 - WDAY Stock was down 5.1%

• Factors possibly contributing to today's bearish movement in WDAY stock include:
• Kulicke and Soffa's Q4 earnings missing estimates and decreased revenues in the Automotive and Industrial, and Memory end-markets may have shaken confidence in the tech sector, affecting WDAY.
• Market gains may have prompted investors to shift from individual stocks like WDAY to broader market indices, leading to a slight stock price decline.
• WDAY's substantial 17% increase in the past year could have incentivized some investors to capitalize on profits, resulting in a temporary stock price dip.

15.10.2024 - WDAY Stock was down 5.1%

• Factors contributing to the decline in Workday's stock price today include:
• Despite the overall bullish sentiment in the market, Workday's stock experienced a decrease, possibly resulting from investors capitalizing on profits.
• The 0.56% decrease in Workday's stock price could be a result of profit-taking following a period of growth.
• Investors may be responding to internal or external factors affecting Workday's stock performance.

24.04.2024 - WDAY Stock was down 15.2%

• The drop in Workday's stock price can be explained by the following factors:
• Workday released its first-quarter results, surpassing analyst predictions for sales and earnings. However, the stock price declined as the company revised its future guidance downwards.
• The adjustment of Workday's subscription revenue outlook for the year likely triggered concerns among investors about the company's growth potential.
• The general pessimism surrounding Workday's stock may have been influenced by broader market conditions, with other companies such as Intuit Inc. also facing stock price declines due to lower-than-expected quarterly earnings forecasts.

24.04.2024 - WDAY Stock was down 14.2%

• Strong financial results were reported for Q1 fiscal 2025 by Workday, with total revenues increasing by 18.1%, surpassing analyst estimates. Nonetheless, the company's reduced forward-looking guidance, especially on subscription revenue, decreased investor sentiment and caused a notable drop in its stock price.
• The decision from Piper Sandler to lower their target for Workday's shares due to macro headwinds further contributed to the pessimistic outlook on the stock.
• Market sentiment towards Workday appears cautious overall, as analysts are doubting the effectiveness of the positive recommendations, hinting at a bearish trend in the near future.
• The blend of reduced guidance, cautious outlook, and external factors like macro headwinds have all played a part in the downward movement in Workday's stock price today.

25.06.2024 - WDAY Stock was up 5.1%

• Workday's strong bullish movement today is linked to the expanded strategic partnership with Kainos Group plc, aiming to co-innovate and develop purpose-built apps for Workday users.
• The collaboration is anticipated to bring new tools and solutions to Workday's platform, enhancing its appeal to customers and potentially boosting its revenue prospects.
• This positive development likely instilled investor optimism and confidence in Workday's future growth potential, leading to the upbeat market performance observed today.

15.07.2024 - WDAY Stock was up 5.1%

• Maintaining the target price on Workday and expressing long-term potential may have boosted investor confidence, leading to increased buying activity.
• A prominent investor initiating a position in Workday could have acted as a positive endorsement for the company, attracting more investors to the stock.
• The combination of a positive outlook and a high-profile investor showing interest in Workday likely contributed to the bullish movement in the stock today.