Why Workday (WDAY) Stock Is Up After Hours

NEW YORK (TheStreet) -- Workday (WDAY) stock is gaining in post-market trading after the cloud software developer reported a first quarter which surpassed analysts' estimates.

Over the three months to April, the developer of HR software reported a net loss of 13 cents a share, 2 cents narrower than analysts surveyed by Thomson Reuters expected. Revenue of $159.7 million climbed 74% year over year. Billings (revenue plus invoiced sales) soared 94% to $208 million. 

After the bell, shares added 6.8% to $87.69. 

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TheStreet Ratings team rates WORKDAY INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate WORKDAY INC (WDAY) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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