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Fly News Breaks for February 20, 2018
WDAY
Feb 20, 2018 | 06:05 EDT
Piper Jaffray analyst Alex Zukin says his channel checks suggest a "very strong quarter" for Workday, punctuated by "multiple large Fortune 100 HCM wins as well as at least two marquee financials wins." The company reports Q4 results on February 27. The analyst also views the company's mid-20% preliminary fiscal 2019 subscription revenue guidance as conservative. He remains a buyer of Workday shares with an Overweight rating.
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