Seeking Alpha

Workday, Veeva higher following positive Cramer mentions

  • Jim Cramer talked up enterprise cloud software vendors Workday (WDAY +1.2%) and Veeva (VEEV +5%) software during last night's episode of Mad Money.
  • He thinks Workday's rapid growth gives it more room to run in spite of the big gains it has posted since its Oct. '12 IPO, and suggests Veeva's r life sciences/pharmaceutical sales apps can make companies more efficient. "Who knows how many high-priced non-revenue producing positions that can replace?"
  • Workday, which was hit by a Cowen downgrade on Wednesday, delivers its FQ3 report on Monday. Veeva, up 97% from its Oct. IPO price of $20 (but down 20% from its high of $49), reports on Dec. 5.
Comments (1)
  • Momintn
    , contributor
    Comments (3923) | Send Message
    Cramer is a blubbering fool.
    2 Dec 2013, 06:32 PM Reply Like
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