"Workday Stock Plummets Amid Grim Forecast and Sales Scrutiny"
TL;DR Summary
Workday's stock dropped 13.8% despite beating first-quarter earnings expectations due to concerns over slower future revenue growth and a lower-than-expected subscription backlog. While the stock is richly valued, it may become a buy if it falls further.
- Why Workday Stock Crashed 14% Today The Motley Fool
- Workday Guidance Was So Bad Even Salesforce Stock Is Dropping Barron's
- Workday Warns of 'Elevated Sales Scrutiny' in Warning for Software Yahoo Finance
- Heard on the Street: Workday Rains on the Cloud The Wall Street Journal
- Workday cuts full-year subscription revenue forecast CNBC
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