Workday ( (WDAY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Workday’s stock experienced unusual movements due to its impressive Q2 earnings report, which exceeded analyst expectations with an EPS of $2.21 and a 12.6% revenue increase to $2.35 billion. The company’s optimistic outlook, highlighted by raising its FY26 subscription revenue guidance to $8.82 billion and increasing its operating margin forecast to 29%, further fueled investor confidence. Additionally, Workday’s acquisition of AI-driven Paradox and a strong subscription backlog contributed to the positive sentiment surrounding the stock.
More about Workday
YTD Price Performance: -9.67%
Average Trading Volume: 2,727,864
Technical Sentiment Signal: Hold
Current Market Cap: $61.35B
For further insights into WDAY stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.