Workday hit on most cylinders last quarter, but its Q1 billings and its outlook for the current quarter left investors looking for more. Workday (WDAY) stock was down 7% in after-hours trading Tuesday, after the maker of cloud-based HR software posted fiscal Q1 earnings late Tuesday that handily beat analyst estimates but gave Q2 sales guidance that fell short of views. But it was likely Q1 billings of $271.6 million that flummoxed some investors,
Shares of Dave & Buster’s Entertainment (PLAY) hit a new high as the arcade restaurant chain announced preliminary first-quarter revenue that came out ahead of forecasts. The Dallas-based company now expects total Q1 revenue of $221.7 million to $222.7 million, well above the consensus estimate for $216.3 million. Shares of the company, which has 76 stores in the U.S. and Canada, rose to a record high of 34.62 but closed with a minimal loss.
Touch-interface technology firm Synaptics is poised to benefit from rising adoption of biometric user authentication systems, Cowen analyst Robert Stone said Tuesday. In a research report, Stone reiterated his outperform rating on Synaptics stock and raised his price target to 115 from 105. Synaptics is a top maker of fingerprint readers for personal computers and mobile devices. Synaptics stock, though, fell 1.3% to 95.19 on the stock market today. But Synaptics (SYNA) stock hit a record high of 97.57 on Friday and is up 38% this year. Cowen’s midyear 2015 information technology spending survey found that 90% of respondents plan to deploy biometric user authentication. Of the 95 respondents in its survey, 28% are already deploying biometric authentication, 41% plan to do so within one year, 14% in 12-24 months and 7% beyond 24 months, Stone said. Fewer than 10% of respondents have no current plans to deploy biometric readers, …