iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Trouble in Tech Land: $WDAY Warns and Plunges

Once upon a time, this stock nearly destroyed me. Some of you might recall the winter of 2014 when the Four Horsemen of certain death nearly killed me. It was the largest drawdown of my meaningless career and it was the turning point in my life that told me that I didn’t want to manage money anymore. For that, I’m eternally grateful to WDAY. All other aspects of the stock can fuck itself in the worst of ways.

The company is out with soft guidance in their conference call this morning, which is having an acrimonious effect on its shares. Amongst other things, these assclowns are blaming the elections and BREXIT for the softness.

Hello, BREXIT happened two quarters ago.

Via Briefing.com

Last night, WDAY beat Q3 estimates and raised FY17 guidance slightly.

However, during November, co saw slippage in a handful of large deals with multinationals delaying projects due to uncertainty (Brexit, elections), not a competitive issue — co is waiting to see how it plays out.

Co also guided for 30% sub rev growth next year (FY18) with sub billings growth in the mid 20s (below estimates) and margin improvement; low teens sub billings growth for Q1.

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Tech has already been the weak spot in this market. This warning will not help sentiment for high valuation, high growth tech.

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10 comments

  1. formergeek

    But my FAKE news site MarketWatch pumped out not one but two blaring headlines about WDAY shares being up after hours. This while asking me in another headline “when will Trump voters realize they’ve been had?” Thanks a lot TD AMERITRADE for having this shit as a supposed market news feed. I feel like I’ve got CNN in my account sheesh.

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  2. Dr. Fly

    Get out of tech now

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    • bushwacker2

      …’Cuz the rest of the market will eventually follow the leaders. Hard to imagine materials and industrials becoming the new growth leaders at this point but stranger things have happened—

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      • zeropointnow

        Walls take a lot of materials. Stainless steel industry should skyrocket from the extra handcuffs they’re gonna need for the first sweep of illegal gang members in January. Trump is going to be a cowboy, and all those turtleneck assholes in Silicon valley will rue the day they fucked with hot sauce from NY CITY.

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  3. bushwacker2

    I bought some ULTA this morning figuring that short of nuclear war, women will always spend more money on a regular basis to look good for us men, no matter what is going on. Good earnings, revenue and guidance so I bought at 249 after it sold off from 273.

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