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Fly News Breaks for May 27, 2015
WDAY
May 27, 2015 | 07:12 EDT
After Workday reported higher than expected Q1 revenue and provided Q2 revenue guidance that surpassed Cantor's expectations, the firm says the company was slightly more conservative with its guidance than in the past due to large deals that take longer to close and have more uncertain timing. The firm thinks this is a good problem for the company to have, and it is upbeat on the company's outlook. Cantor keeps a $125 price target and Buy rating on the shares.
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