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Workday (WDAY +6.9%) rallies above $52, adding to Friday's huge post-IPO jump. While the...

Workday (WDAY +6.9%) rallies above $52, adding to Friday's huge post-IPO jump. While the company's sky-high valuation fuels debate over whether a bubble has formed in high-growth enterprise/cloud software names, Workday execs have been touting the potential of its HR and ERP software to disrupt a global market of 23K+ enterprises with 1K or more employees - Workday's solutions are currently used by less than 400 of them. The company also says it's interested in expanding into analytics. (more)
Comments (1)
  • Is this a $100 stock by y/e?
    15 Oct 2012, 02:31 PM Reply Like
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