Shares of Workday plunged Thursday after management lowered its outlook for subscription revenue growth.
plunged on Thursday after management lowered its outlook for subscription revenue growth. Shares of the software company declined nearly 10%.
Jim Cramer described the long-term forecast, which was released on Wednesday, as "worrisome" but said Workday's past fundamentals have been solid.If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market"This company has been straight-shooting so maybe we can feel whether the stock's [move] is an overreaction," Jim said.
BMO Capital says Workday, which provides cloud services for companies' HR and finance teams, can be conservative in its forecasts., another enterprise software giant.Here's a full list of the stocks in
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