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WDAY

Workday

$179.20

-0.85 (-0.47%)

08:45
01/16/20
01/16
08:45
01/16/20
08:45

Workday customer addition, app attach rates sustaining momentum, says Guggenheim

Guggenheim analyst Nandan Amladi says data on Workday's customer additions and app attach rates are showing sustained momentum and he expects upward revisions to consensus estimates for FY21-22, which have drifted lower since the company gave "characteristically conservative" guidance of 21% subscription growth on its Q3 call in December. Amladi reaffirms Workday as his Best Idea for 2020 and keeps a Buy rating with a $235 price target on the shares.

WDAY Workday
$179.20

-0.85 (-0.47%)

12/04/19
COMP
12/04/19
DOWNGRADE
Target $199
COMP
Neutral
Compass Point downgrades Workday to Neutral on lack of growth catalysts
Compass Point analyst Marshall Senk downgraded Workday to Neutral from Buy with a price target of $199, down from $238. The stock in premarket trading is down 4% to $166.10. Management has been delivering commentary that growth forecasts for next year need to be reined in, Senk tells investors in a post-earnings research note. He attributes this to maturity in the human capital management market, slower migration to cloud in the financials business, and the timing of new product rollouts, which are not expected to impact revenue materially until fiscal 2022. As such, he reduced his fiscal 2021 revenue estimate to $4.31B from $4.4B to reflect slower subscription growth. While Workday shares are off their highs, a catalyst is needed to help drive growth, which is unlikely until next year, contends Senk.
12/04/19
RBCM
12/04/19
NO CHANGE
Target $196
RBCM
Outperform
Workday price target lowered to $196 from $212 at RBC Capital
RBC Capital analyst Alex Zukin lowered his price target on Workday to $196 after its mixed Q3 results, with good revenue, strong margins and rising cash flows offset by "light" billings and "highly conservative" FY21. The analyst keeps his Outperform rating on the company given its "opportunity ahead" with "good margin leverage", but also believes that Workday needs to execute well in Q4 to restore confidence for potential outperformance, particularly given the deceleration in its HCM business.
12/04/19
12/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eaton (ETN) downgraded to Hold from Buy at Deutsche Bank with analyst Nicole DeBlase saying she sees "limited scope" for further multiple re-rating and downside risk to earnings forecasts for most Industrial names under her coverage. 2. Marvell (MRVL) downgraded to Market Perform from Outperform at BMO Capital with analyst Ambrish Srivastava finding the shares "reasonably valued with a balanced risk/reward profile." 3. ViewRay (VRAY) downgraded to Neutral from Buy at B. Riley FBR with analyst Andrew D'Silva saying recent events at the company have "pros and cons." 4. Workday (WDAY) downgraded to Neutral from Buy at Compass Point with analyst Marshall Senk saying management has been delivering commentary that growth forecasts for next year need to be reined in. 5. Owens Corning (OC) downgraded to Neutral from Buy at BofA/Merrill with analyst John Lovallo saying he believes that a breakup of Owens Corning's business is less likely in the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/10/19
WBLR
12/10/19
INITIATION
WBLR
Outperform
Workday assumed with an Outperform at William Blair
William Blair analyst Matthew Pfau assumed coverage of Workday with an Outperform rating. Although the analyst expects the company's growth to decelerate over the coming years, he still believes Workday is well positioned to increase subscription revenue at a high-teens rate annually over the next five years. The stock is now pricing in reasonable expectations, and Workday is set up well to meet or exceed those over the next 12 months, Pfau tells investors in a research note.

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BKR

Baker Hughes

$23.56

0.06 (0.26%)

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MDR

McDermott

$0.73

0.0119 (1.66%)

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AMGN

Amgen

$240.69

0.17 (0.07%)

13:02
01/17/20
01/17
13:02
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13:02
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  • 30

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BKR

Baker Hughes

$23.57

0.07 (0.30%)

13:01
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SNCA

Seneca Biopharma

$3.09

1.84 (147.20%)

12:59
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Seneca Biopharma surges after saying talks starting with 'interested parties' »

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AUPH

Aurinia Pharmaceuticals

$20.02

0.19 (0.96%)

12:45
01/17/20
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12:45
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Options
Aurinia Pharmaceuticals call volume above normal and directionally bullish »

Bullish option flow…

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12:45
01/17/20
01/17
12:45
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General news
Breaking General news story  »

Week of 1/17 Baker-Hughes…

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Breaking General news story  »

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DLAKY

Lufthansa

$0.00

(0.00%)

12:41
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01/17
12:41
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12:41
Periodicals
Lufthansa extends Tehran flight halt until March 28, Reuters reports »

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TM

Toyota

$139.71

-0.32 (-0.23%)

12:36
01/17/20
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Hot Stocks
Toyota provides outline of production alignment through 2022 »

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TM

Toyota

$139.71

-0.32 (-0.23%)

12:33
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01/17
12:33
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12:33
Hot Stocks
Toyota Indiana completes $1.3B modernization, adds 550 new jobs »

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12:30
01/17/20
01/17
12:30
01/17/20
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General news
Treasury Dealer Agenda: the dealer meeting will be held on January 30, 31 »

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General news
Breaking General news story  »

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AXTA

Axalta Coating

$30.30

0.225 (0.75%)

12:25
01/17/20
01/17
12:25
01/17/20
12:25
Options
Axalta Coating call volume above normal and directionally bullish »

Bullish option flow…

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  • 30

    Jan

12:25
01/17/20
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12:25
01/17/20
12:25
Conference/Events
Federal Reserve Board of Governors Vice Chairman speaks at a meeting »

Randal Quarles, Vice…

MSFT

Microsoft

$165.58

-0.66 (-0.40%)

, WORK

Slack Technologies

$22.68

-0.28 (-1.22%)

12:23
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01/17
12:23
01/17/20
12:23
Periodicals
Microsoft to launch global ad campaign for Teams, CNBC reports »

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MSFT

Microsoft

$165.58

-0.66 (-0.40%)

WORK

Slack Technologies

$22.68

-0.28 (-1.22%)

IPG

Interpublic Group

$23.96

0.22 (0.93%)

03/08/13
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  • 29

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  • 25

    Feb

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
01/17/20
01/17
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
01/17/20
01/17
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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DIS

Disney

$144.95

-0.15 (-0.10%)

12:07
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Periodicals
Disney dropping 'Fox' name from 21st Century Fox assets, Variety reports »

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  • 04

    Feb

TWOU

2U

$22.88

1.09 (5.00%)

12:06
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Periodicals
2U mulls potential sale after activist pressure, Bloomberg reports »

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AAPL

Apple

$315.89

0.56 (0.18%)

12:04
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Apple announces overall deal with Julia Louis-Dreyfus for TV+ »

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  • 28

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WMT

Walmart

$115.04

-0.85 (-0.73%)

12:00
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Hot Stocks
Walmart U.S. names Scott McCall incoming Chief Merchandising Officer »

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  • 21

    Jan

UGAZ

VelocityShares 3x Long Natural Gas ETN

$56.81

-5.14 (-8.30%)

12:00
01/17/20
01/17
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Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -8.2% »

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UNFI

United Natural Foods

$8.52

-0.81 (-8.68%)

12:00
01/17/20
01/17
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Hot Stocks
United Natural Foods falls -8.8% »

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