Jim Cramer says the slide in shares of enterprise cloud provider Workday may be an overreaction
Publishing timestamp: 2023-09-28 10:27:35
Summary
Workday's stock price dropped nearly 10% after the company lowered its outlook for subscription revenue growth. Jim Cramer expressed concern about the long-term forecast but noted that Workday's past fundamentals have been solid. BMO Capital suggests that Workday may be conservative in its forecasts. The article also mentions that CNBC Investing Club holds shares of Salesforce (CRM), another enterprise software giant.
Sentiment: MIXED
Keywords: breaking news: technology, investment strategy, software, salesforce inc, breaking news: markets, technology, workday inc, stock takes, investingclubsample, jim cramer, markets, business news,