Workday Takes Investor Heat For Light Outlook

By | November 25, 2014

Scalper1 News

Workday (WDAY) may be a victim of its own conservatism. Shares of the enterprise software company fell more than 5% in morning trading in the stock market today, one day after the company reported a revenue forecast for the current period that was only in line with analyst expectations. Also, the company’s revenue projection for its fiscal 2016 implied 40% year-over-year growth, below analysts views of 47% growth. (See IBD’s report.) Workday is Scalper1 News

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