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Stock Market & Financial Investment News

News Breaks
August 11, 2014
11:33 EDTMCD, WDAYWorkday rises after reportedly winning record deal with McDonald's
Shares of cloud-based human capital management solution provider Workday (WDAY) are rising after the company is said to have won a deal with global fast food giant McDonald's (MCD) that would be the biggest in its history. WHAT'S NEW: JMP Securities analysts Patrick Walravens and Peter Lowry wrote in a note to investors this morning that the firm's checks indicate that Workday was awarded the human capital management business at McDonald’s, which the analysts said could be the biggest deal in the company’s history. The firm increased its estimate for Workday's Q2 billings to $185M from $182M, noting that both are above the company's guidance of $180M in billing for Q2. JMP maintains its Market Outperform rating and $126 price target on Workday, but the analysts noted that they like the stock over the longer-term, citing its market leading position in the Software-as-a-Service Enterprise Resource Planning space, which is set to triple from 2013 to 2020. PRICE ACTION: In late morning trading, shares of Workday gained $2.43, or 2.9%, to $86.34.
News For WDAY;MCD From The Last 14 Days
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July 7, 2015
13:57 EDTWDAYWorkday rises after being called 'better' buyout target for Microsoft
Workday (WDAY) shares are inching higher this afternoon after The Information said the company is "the better [acquisition] choice" for Microsoft (MSFT), were the tech giant to pursue an entry into customer and employee tracking software. WHAT'S NEW: The Information's Steve Nellis today said that while both "Salesforce (CRM) and Workday have enough revenue momentum to help Microsoft become a major seller" in the customer relationship/human capital management space, Workday is the "better choice for several reasons, including the fact that Salesforce’s products feel dated." WHAT'S NOTABLE: Today's report from The Information comes after Salesforce was upgraded to Buy from Hold at Brean Capital. Among other factors, Brean identifies Salesforce's product improvements as a positive for the company. Steve Nellis does not appear convinced, saying Workday has the edge in products. The upward move follows speculative reports and rumors in recent months that Microsoft has eyed a Salesforce takeover. PRICE ACTION: Shares of Workday are up about 1% to $77.41 this afternoon, while Salesforce has risen just under 0.5%.
13:26 EDTWDAYWorkday volatility at low end of historic range
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12:14 EDTWDAYWorkday should be bought by Microsoft, The Information's Nellis says
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July 5, 2015
19:39 EDTMCDMcDonald's to test mobile ordering in China, WSJ says
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July 1, 2015
18:34 EDTMCDMcDonald's tests local food options, Crain's says
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June 26, 2015
06:33 EDTMCDMcDonald’s says child customers drinking less soda, eating more fruit
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June 25, 2015
06:12 EDTMCDMcDonald's wants to sell 413 Taiwan stores to franchise operator, Reuters says
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