Workday Earnings: The Market Loved It, But I Am Not Convinced
WDAYWorkday(WDAY) Seeking Alpha·2024-08-23 17:05
Dimitri Otis Introduction Workday (NASDAQ:WDAY) just reported its Q2 ’25 earnings, so I wanted to take a look at what has happened since the last time I covered the company when I gave it a hold rating due to slowing growth and an unappealing risk/reward profile. Since then, the company’s share price dropped over 21%, not counting the moves in the market right after the earnings call. The report doesn’t convince me that the growth is sufficient enough to warrant an investment, even with the management’s ...