Thursday, March 14, 2013

Workday Is Worth How Much?


Demand for software companies that cater to business clients remains strong, but not enough workdays exist in a year to make Workday (NYSE: WDAY) attractive at current market multiples. The company went public in mid-October at highly unappealing multiples that left limited upside ever since.

The provider of enterprise cloud-based applications for customers to manage critical business functions trades at around 25 times fiscal year 2014 (ending January 2014) revenue more »


Disclosure: Long MM. Please review the disclaimer page for more details. 



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