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Fly News Breaks for June 1, 2018
WDAY
Jun 1, 2018 | 09:29 EDT
William Blair analyst Justin Furby recommends using the post-earnings pullback in shares of Workday as a buying opportunity. Workday's Q1 results had some "billings noise, but cutting through it, there were a number of bright spots," Furby tells investors in a research note. He would be "aggressive long-term buyers" on any stock weakness today. The analyst notes the company's new ACV bookings were above management's internal plan and increased year-over-year against the toughest comparison of the year.
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