Piper Jaffray Cuts Price Target on Workday (WDAY) to $74 Following 1Q Report

Drexel Hamilton Raises price Target on Workday (WDAY) to $92 Following 1Q Beat

Drexel Hamilton reiterated a Buy rating on Workday (NYSE: WDAY), and raised the price target to $92.00 (from $88.00), following the company's 1Q earnings report. Workday reported sales of $345.4 million ahead of the Street's $338.8 million estimate. Pro forma EPS of positive $0.05 was well above the... More

Workday (WDAY) June weekly volatility elevated into better than expected Q1 EPS & revenue

Workday (NASDAQ: WDAY) is recently down $1.65 to $74.25 in the premarket after reporting Q1 EPS 5c, compared to consensus (2c). Q1 revenue was $345M, compared to consensus $338M. June weekly call option implied volatility is at 123, June is at 59, July is at 44; compared to its 52-week range of 29 to 79.

Needham & Company Reiterates Buy on Workday (WDAY) Following 1Q Earnings Report

Needham & Company maintained a Buy rating and $85.00 price target on Workday (NYSE: WDAY) following the company's 1Q earnings report. WDAY reported revenues of $345.4mm ahead of Needham's $338.3mm estimate. EPS of $0.06 also came in ahead of ($0.01) estimates. Also, for the first time, the company publicly announced plans on reaching... More

Notable put flow in option market on May 31

Notable put activity cited Tuesday; Celator Pharmaceuticals (NASDAQ: CPXX), Ascena Retail (NASDAQ: ASNA), Michael Kors (NASDAQ: KORS), ARIAD (NASDAQ: ARIA), Workday (NASDAQ: WDAY), Big Lots (NYSE: BIG).

Stocks with Implied Volatility Movement

Rite Aid (NYSE: RAD) 31, Workday (NASDAQ: WDAY) 51 implied volatility is above its IV index mean
Dollar Tree (NASDAQ: DLTR) 24, Applied Materials (NASDAQ: AMAT) 25 implied volatility is... More

After-Hours Stock Movers 05/31: (ZOES) (BYD) (SRPT) Higher; (ADPT) (ASNA) (UA) (BABA) Lower (more...)

Today's After-Hours Movers:

Adeptus Health Inc. (NYSE: ADPT) 8.3% LOWER; announced the offering of 2,750,000 shares of its Class A common stock, of which 1,843,162 shares are to be sold by the Company, and 906,838 shares are to be sold by an affiliate of Sterling Partners (the "Selling Stockholder"). The Company intends to use all of the net proceeds from the offering received by it to purchase, for cash, 1,843,162 limited liability company units of Adeptus Health LLC, its direct subsidiary, from certain of the unit holders of Adeptus Health LLC, including... More

Workday (WDAY) Tops Q1 EPS by 7c; Guides Q2 Revs Modestly Above the Street

Workday (NYSE: WDAY) reported Q1 EPS of $0.05, $0.07 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $345.4 million versus the consensus estimate of $338.68 million.

"We delivered great results and growth across all of our products in the first quarter,"... More

Straddle pricing in expected movement into quarterly reports and guidance

Michael Kors (NYSE: KORS) June weekly 42.5 straddle priced for 11% movement
Workday (NASDAQ: WDAY) June weekly 76 straddle priced for 9.7% movement
Zoe's Kitchen (NASDAQ: ZOES) June 35 straddle priced for 11.5% movement
Land's End (NYSE: LE) June 17.5 straddle priced for 12.2% movement