Author Archives: Scalper1

Workday Stumbles On Guidance That Wasn’t That Soft

Up-and-coming software-as-a-service vendor Workday (WDAY) stumbled out of the gate Friday after executives guided current-quarter revenue below Wall Street estimates. Workday stock fell as much as 7.4% in early trading, but it was down only 1.3% in midday trading in the stock market today, near 83. Late Thursday, Workday said sales for its fiscal Q3 ended Oct. 31 rose 42% to $305.3 million, which it said resulted in break-even EPS minus items vs.

Synopsys, Cadence Dinged On Mentor Graphics M&A Fears

Mentor Graphics (MENT) stock crashed after hours Thursday from near a 14-year high as the maker of software used to design chips guided to Q4 sales and earnings vastly below analysts’ expectations, and shares tumbled to a 13-month low. In early trading Friday, Mentor Graphics stock was down more than 32% and trading just below 19 for the first time since October 2014. Before the firm’s Q3 earnings release, shares were up 27% for the year. As of

Autodesk (ADSK) Achieves Breakeven in Q3, Revenues Beat

Autodesk Inc.ADSK reported breakeven earnings in third quarter fiscal 2016 that compared favorably with the Zacks Consensus Estimate of a loss of 13 cents. However, it compared unfavorably with the prior year quarter earnings of 12 cents. Autodesk Inc.