Workday shares are trading higher late Thursday after the cloud-based provider of enterprise HR and financial software posted better-than-expected results for its fiscal second quarter ended July 31.
For the quarter, Workday (ticker: WDAY) reported revenue of $1.26 billion, up 19% from a year ago, and slightly ahead of the Street consensus estimate of $1.24 billion. Subscription revenue was $1.11 billion, up 20%, and ahead of the company’s guidance range of $1.095 billion to $1.097 billion. Non-GAAP profits were $1.23 a share, well ahead of consensus at 78 cents. Under generally accepted accounting principles, the company earned 41 cents a share.
Workday says its backlog now stands at $10.5 billion, up 23% from a year ago. Operating cash flow in the quarter jumped to $198.5 million, from $157.2 million in the comparable year-earlier quarter.
Best Financial Stocks To Buy For 2023: Golden Falcon Acquisition Corp.(GFX)
Golden Falcon Acquisition Corp. does not have significant operations. It focuses effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was incorporated in 2020 and is based in Newark, Delaware.
Advisors’ Opinion:
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GamyFi Platform (CURRENCY:GFX) traded down 17.5% against the US dollar during the 1-day period ending at 23:00 PM ET on August 16th. GamyFi Platform has a total market capitalization of $1.84 million and $1.14 million worth of GamyFi Platform was traded on exchanges in the last 24 hours. One GamyFi Platform coin can now be purchased for about $2.23 or 0.00004804 BTC on major cryptocurrency exchanges. Over the last week, GamyFi Platform has traded up 172.7% against the US dollar.
Best Financial Stocks To Buy For 2023: Hut 8 Mining Corp.(HUT)
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.
Advisors’ Opinion:
- [By ]
Deporre feels your pain, as he recently experienced the same ordeal building up a position in Hut 8 Mining (HUT) – Get HUT 8 MINING CORP. Report. Based in Alberta, Canada, Hut 8 is a cryptocurrency miner offering favorable pricing on energy, which is critical to crypto mining. It mines not only bitcoin but has diversified into ethereum.
Best Financial Stocks To Buy For 2023: Root, Inc.(ROOT)
Root, Inc. provides insurance products and services in the United States. The company offers auto, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.
Advisors’ Opinion:
- [By Thomas Niel]
These smart moves now, which include partnering with commercial vehicle heavyweights like Oshkosh (NYSE:OSK) could pay off big time down the road. It’s pulling back from its recent Reddit pop, but back at around $9 per share, consider it one of the top “meme stocks” to buy.
Root (ROOT) Source: Jirsak / Shutterstock.com
Down more than 80% since its debut last fall, why would you want to follow the lead of Reddit traders, and jump into ROOT stock? At first glance, shares in this insurance tech company, which like Lemonade (NASDAQ:LMND) is using artificial intelligence (AI) to beat old school insurers at their own game, may not look so appealing.
- [By Ethan Ryder]
A number of research firms have changed their ratings and price targets for Roots (TSE: ROOT):
9/13/2018 – Roots had its price target lowered by analysts at Royal Bank of Canada from C$13.00 to C$10.00. They now have a “sector perform” rating on the stock. 9/13/2018 – Roots had its price target lowered by analysts at TD Securities from C$17.00 to C$15.00. They now have an “action list buy” rating on the stock. 9/13/2018 – Roots had its price target lowered by analysts at Canaccord Genuity from C$16.00 to C$12.00. 9/13/2018 – Roots had its price target lowered by analysts at CIBC from C$13.00 to C$10.00. 9/10/2018 – Roots had its price target lowered by analysts at National Bank Financial from C$14.50 to C$13.50. They now have an “outperform” rating on the stock. 8/28/2018 – Roots had its “action list buy” rating reaffirmed by analysts at TD Securities. They now have a C$17.00 price target on the stock.
Shares of TSE:ROOT opened at C$6.22 on Monday. Roots Corp has a 1-year low of C$6.14 and a 1-year high of C$13.55.
Best Financial Stocks To Buy For 2023: PennyMac Mortgage Investment Trust(PMT)
PennyMac Mortgage Investment Trust is based in the United States.
Advisors’ Opinion:
- [By Stephan Byrd]
Pennymac Mortgage Investment (NYSE:PMT) shares reached a new 52-week high and low on Monday . The company traded as low as $18.60 and last traded at $18.62, with a volume of 19306 shares changing hands. The stock had previously closed at $18.50.
- [By Stephan Byrd]
Pennymac Mortgage Investment (NYSE:PMT) – Equities researchers at Wedbush lifted their Q1 2019 earnings per share estimates for shares of Pennymac Mortgage Investment in a research note issued to investors on Thursday, May 10th. Wedbush analyst J. Weaver now anticipates that the real estate investment trust will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.34. Wedbush also issued estimates for Pennymac Mortgage Investment’s Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.74 EPS.
Best Financial Stocks To Buy For 2023: WSB Holdings Inc.(WSB)
WSB Holdings, Inc. operates as the holding company for The Washington Savings Bank, F.S.B. that provides various commercial banking products and services to middle income individuals, and small and middle income businesses in the United States. The company accepts various deposits, including consumer, small business, and commercial demand deposit accounts, as well as interest-bearing checking accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans It also originates first and second mortgage loans, land acquisition and development loans, commercial loans, construction loans, and consumer loans, as well as non-residential mortgage loans with emphasis on residential mortgage, and commercial and construction lending. In addition, the company involves in developing single family residential lots, as well as builds homes on certain lots on a contract basis. The company has five savings branches in Bowie, Waldorf, Crofton , Millersville, and Odenton in Maryland. WSB Holdings, Inc. was founded in 1982 and is based in Bowie, Maryland.
Advisors’ Opinion:
- [By Garrett Baldwin]
Markets have been under pressure once again by the U.S. Federal Reserve. Inflation levels are going through the roof… but the people in charge of managing it have been lying to Americans for years. Now it’s time to get even. Money Morning Liquidity Specialist Lee Adler has the perfect way to make a lot of money when no one is looking. Read it here.
The Top Stock Market Stories for Wednesday
In addition to Trump’s concerns about China and trade, the President also stated that he is unsure whether a summit with North Korean leader Kim Jong-Un will take place as planned. Multiple media outlets this morning are questioning if the event will take place. The summit is tentatively planned for June 12. Banking stocks were on the move after Congress passed new laws designed to reduce regulations for thousands of financial institutions. The new rules will ensure that smaller banks are not facing the same strict rules as the bigger giants. The financial sector has been lobbying to changes to the Dodd-Frank Act since its inception after the 2008-09 financial crisis. Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg met with members of the European Union on Tuesday. The CEO of the social media giant outraged European Parliament members after reportedly dodging questions about user privacy and the firm’s collection of personal data. During the conversation, EU members questioned whether Facebook is a monopoly and pondered if the firm should be broken up due to antitrust concerns.
Three Stocks to Watch Today: TGT, LOW, TIF
Shares of Target Corporation (NYSE: TGT) fell nearly 6% after the retail giant fell short of earnings expectations before the bell. The firm reported earnings per share of $1.32. This figure missed Wall Street earnings expectations by six cents. The retail giant blamed poor spring weather for its performance and said that its bottom line has been impacted by the costs of upgrading its physical locations. Lowe’s Companies (NYSE: LOW) stock gained
Best Financial Stocks To Buy For 2023: Ramco-Gershenson Properties Trust(RPT)
Ramco-Gershenson Properties Trust, a real estate investment trust (REIT), engages in the ownership, development, acquisition, management, and leasing of community shopping centers, single tenant retail properties, and one regional mall in the Midwestern, Southeastern, and Mid-Atlantic regions of the United States. As of December 31, 2007, the company owned interests in 89 shopping centers, which included 65 community centers, 21 power centers, 2 single tenant retail properties, and 1 enclosed regional mall. Ramco-Gershenson Properties has elected to be a taxable REIT for federal income tax purposes. As a REIT, it would not be subject to federal income taxes, if it distributes approximately 90% of its taxable income to its shareholders. The company was founded in 1988 and is based in Farmington Hills, Michigan with additional office in Boca Raton, Florida.
Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Ramco-Gershenson Properties Trust (RPT)
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- [By Motley Fool Transcribers]
Ramco-Gershenson Properties Trust (NYSE:RPT)Q4 2018 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Joseph Griffin]
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