- After dropping more than 40% year to date, shares of Workday finally look appealing enough to buy.
- Investors turned cautious after the company’s Q1 earnings print, which saw slightly disappointing revenue growth and cautious commentary around deal closings.
- Still, Workday’s ability to generate 20%+ revenue growth on top of 20%+ pro forma operating margins still puts the company in the vaunted “Rule of 40” club.
- The stock’s valuation, currently sitting under <6x forward revenue, is the lowest multiple in recent history.
For further details see:
Workday: Time To Go Long