This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Workday's Results Don't Convince Bearish Crowd:

NEW YORK (TheStreet) -- Workday (WDAY - Get Report) gave long investors a reason to smile after returning to the grind post long weekend. The cloud company, focused on software for human resources and finance, reported a lower-than-anticipated loss on better-than-expected revenue Tuesday.

$WDAY don't they always beat :) I mean lose less

? Old Turkey (@Partridge) May. 27 at 04:21 PM

Shares rose more than 5% in extended trading to $86.60. They had climbed nearly 5% during the trading day.

But many investors on said that the results didn't warrant share gains. A majority of the crowd, 54%, remained bearish on the company, according to StockTwits' analytics. And many investors argued that Workday's market cap of $15.11 billion is too rich for a company without actual earnings.

$WDAY Losses WIDENED!!! (GAAP Loss), Don't bother with this NonGAAP nonsense, Stock should be trading DOWN!!!

? Al (@alkin) May. 27 at 04:24 PM

$WDAY Net loss per basic and diluted share was $0.32, compared to a net loss per basic and diluted share of $0.20 in 1Q of fiscal 2014.

? Al (@alkin) May. 27 at 04:27 PM

Workday sales rose 74% to $159.7 million, edging past consensus calls for $152.42 million. The company reported an EPS loss of $0.13,excluding share-based compensation, payroll taxes, interest expenses and other items. That loss was lower than the same period last year and beat estimates for a $0.15 loss, according to the Analyst Ratings Network.

Management's outlook also topped Wall Street expectations. The company guided to second quarter sales of between $173 million and $178 million. Management expects full year revenues to come in between $730 million and $750 million. The midpoint of that range beat consensus' call for $735.36 million.

$WDAY Billings growth of 94% way higher than cons expectations of +54% vs 78% growth in F4Q14

? BeatTheStreet (@BeatShort) May. 27 at 04:57 PM

Bullish investors called for the stock to hit $100 Wednesday as short investors covered rather than risk more losses from the positive earnings report. Short interest in the stock is 9.68% of float, according to

$WDAY beats earnings and holds its AH gains. First stop $90, then $100 if the shorts cover.

? BullTrade Corp (@BullTradeDotCom) May. 27 at 05:14 PM

But many short sellers and Workday bears on remained unconvinced by the earnings report.

$WDAY Expected to earn .09 in '16, (yeah, I won't hold my breath), so PE is, what 860 times ... That's INSANE!!!!!!!

? Al (@alkin) May. 27 at 04:33 PM

At the time of publication the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
WDAY $49.25 0.00%
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs