WDAY - Workday backlog guidance weighs on peers Ceridian HCM ADP
Yesterday, Workday ([[WDAY]] -8.3%) reported Q3 beats and raised its subscription revenue guidance but analysts commented that the backlog guidance represented a "material deceleration."Workday peers Automatic Data Processing ([[ADP]] -1.0%), Ceridian HCM ([[CDAY]] -1.0%), and Anaplan ([[PLAN]] -4.8%) are ending the day in the red.Previously: Workday +3% after upside Q3, raised subscription revenue forecast (Nov. 19 2020)Previously: Workday stock sinks as analysts praise Q3 beats, see headwind in subscription backlog forecast (Nov. 20 2020)Here's a comparison between Workday and a few of its other peers. Click here for more comparisons and metrics.
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Workday backlog guidance weighs on peers Ceridian HCM, ADP