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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond5/27/2014 3:12:40 PM
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  • WorkDay (WDAY) is expected to report Q1 non-GAAP EPS of ($0.15) with rev +66% to $152.4 mln vs. the $148—153 mln guidance. Co has guided for FY15 rev +51-58% to $710-740 mln; the Street is looking for Q2 rev of $171.7 mln (+60%). WDAY hit a new all-time high near $115 just after a beat and raise Q4 report but the stock proceeded to nearly get cut in half amid the valuation correction, where high multiple stocks with top line growth (namely, cloud stocks) were discarded for safer, profitable companies.
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