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WDAY

Workday, Anaplan upgraded at Barclays ahead of increased IT spending

Jirsak/iStock via Getty Images Enterprise IT spending will increase in the second half of year as the economic reopening continues, prompting Barclays to upgrade Workday (NASDAQ:WDAY) and Anaplan (NYSE:PLAN) to Overweight. Analyst Raimo Lenschow says the companies stand out for their relatively low valuations and both have underperformed the Software index and SaaS peers since the start of the pandemic. "Nearly 15 months since the pandemic started, we believe that we are starting to see green shoots that indicate demand for WDAY and PLAN snap back" in the second half of 2021, writes the analyst. Workday (WDAY) shares are up slightly to $234.57. Anaplan (PLAN) is up 0.7% to $56.35. Last month, Workday stock slid after Amazon canceled its planned human-resources software deployment.

WDAY

Workday gains on signing multi-year, strategic partnership with Google Cloud

Olemedia/E+ via Getty Images Workday (NASDAQ:WDAY) +2.05% premarket on signing a strategic partnership with Google Cloud to further their digital transformations. This partnership will provide customers with greater choice to meet their specific business needs. Customers will be able to deploy Workday Financial Management, Workday Human Capital Management (HCM) and Workday Adaptive Planning all on Google Cloud's scalable and reliable infrastructure. "The combination of Workday and Google Cloud provides customers with an exceptional public cloud experience where they can take advantage of leading innovation services from both companies, helping to drive greater value from their enterprise investments," said Chano Fernandez, co-CEO and co-founder at Workday. "Together, we're uniquely positioned to deliver industry-leading cloud capabilities so organizations can enhance workforce productivity and accelerate their digital transformations." WDAY caught an upgrade from Barclays earlier this month.

WDAY

Workday Q2 2022 Earnings Preview

Workday (NASDAQ:WDAY) is scheduled to announce Q2 earnings results on Thursday, August 26th, after market close. The consensus EPS Estimate is $0.77 (-8.3% Y/Y) and the consensus Revenue Estimate is $1.24B (+16.8% Y/Y). The company is expected to report a backlog of $10.5B and adjusted operating margin of 19.6% for its second quarter. Over the last 2 years, WDAY has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 22 upward revisions and 3 downward. Revenue estimates have seen 20 upward revisions and 0 downward. In early August, Barclays upgraded Workday citing increased Enterprise IT spending in H2. The shares of WDAY were down over 2% despite Q1 beats and raising full-year outlook. Workday has a Bullish average Wall St. Analysts rating among the 31 analysts tracked by Seeking Alpha. Shares of WDAY are up 2.6% year to date.

WDAY

Workday stock climbs after another full-year guidance increase

Jirsak/iStock via Getty Images Workday (NASDAQ:WDAY) shares are trading up 4% after hours following second-quarter results that topped analyst estimates and featured the second full-year guidance increase this year. Revenue was up 19% year-over-year to $1.26 billion, slightly above the $1.24 billion consensus estimate. Subscription revenue increased 20% on the year to $1.11 billion. Adjusted operating margin was 23.2% versus the 24.3% in the same period last year. “Our business continues to accelerate, fueled by growing demand from large enterprise customers for our industry leading HR, finance, and planning solutions to drive transformation at scale,” says co-CEO Chano Fernandez. “Looking to the future, we are well positioned for the second half of the year and will continue to invest in our go-to-market strategy and our people, who are foundational to our success.” For the third quarter, the company expects subscription revenue of $1.156 billion to $1.158 billion. The company raises its full-year subscription revenue forecast from between $4.425 billion and $4.44 billion to $4.5 billion and $4.51 billion versus the $3.79 billion consensus. Workday raises its adjusted operating margin guidance to 21% from the prior range of 18% to 19%. Recent: Earlier this month, Workday signed a multi-year strategic partnership with Google Cloud.

WDAY

Workday EPS beats by $0.46, beats on revenue, raises FY guidance

Workday (NASDAQ:WDAY): Q2 Non-GAAP EPS of $1.23 beats by $0.46; GAAP EPS of $0.41 beats by $0.67. Revenue of $1.26B (+18.9% Y/Y) beats by $20M. Shares +0.4%. Press Release Subscription revenue of $1.11B vs. $1.10B consensus. Backlog of $10.58B vs. $10.5B consensus. Q3 Guidance: Subscription revenue of $1.156B-$1.158B vs. $931.7M in 3Q21. FY Guidance: Subscription revenue of $4.5B-$4.51B from prior guidance of $4.425B-$4.440B vs. $3.79B in FY21. Raising fiscal 2022 non-GAAP operating margin guidance to 21.0%.

WDAY

Workday signs definitive deal to acquire Zimit

Jirsak/iStock via Getty Images Enterprise cloud applications provider Workday (NASDAQ:WDAY) has signed a definitive agreement to acquire Zimit. Financial terms of the deal were not disclosed. Zimit offers configure price quote (CPQ) solution designed specifically for services industries. The solution expedites the creation of timely and accurate quotes and proposals, helping reduce the time to quote from days to minutes. In 2020, Zimit achieved Workday Approved Integration status, providing customers with a seamless integration that connects Workday Professional Services Automation (PSA) and Zimit Configure Price Quote (CPQ). The acquisition will enable Workday to deliver a comprehensive quote-to-cash process automation offering for services industries, including communications, media, technology, and professional and business services. Subject to the satisfaction of customary closing conditions, the deal is expected to close in the third quarter of Workday’s fiscal year 2022. Recently, Workday stock gained after another full-year guidance increase

WDAY

Catalyst watch for next week: FedEx and Nike report, FOMC watch, IPO blitz

Jira Pliankharom/iStock via Getty Images Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more about the events that may impact stock prices next week. Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Monday - September 20 All week - Another busy week of conferences is on tap including the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference, the Goldman Sachs 30th Annual Communacopia Conference, the Oppenheimer Fall Healthcare Life Sciences & MedTech Conference, the JPMorgan All Stars Conference, the Sidoti Fall 2021 Virtual Small Cap Investor Conference, the D.A. Davidson Virtual Conference, the Wells Fargo 4th Annual Consumer Conference, the Raymond James Defense and Government Services Conference and the Bernstein Strategic Decisions Conference. Volatility watch - Options trading spiked higher this week on Sphere 3D Corp. (NASDAQ:ANY) and Waitr Holdings (NASDAQ:WTRH), while MicroStrategy (NASDAQ:MSTR) and Blink Charging (NASDAQ:BLNK) still trade with a high level of short interest. Stocks generating more interest on Reddit's WallStreetBets include IronNet Cybersecurity (NYSE:IRNT) and Beachbody (NYSE:BODY). Meanwhile, Aterian (NASDAQ:ATER) is hot on Stocktwits. Also keep an eye on Stem (NYSE:STEM) this week, with the redemption date of public warrants hitting. Data watch - Data from credit and debit providers will be watched closely this week to see if airline bookings stabilized and if early demand for the Peloton Interactive (NASDAQ:PTON) Tread product looks promising. Near the end of the week, the latest update on boat sales could create a ripple for boat manufacturer stocks like Brunswick Corporation (NYSE:BC). All week - Self-driving truck startup Embark Trucks has a number of autonomous truck demonstrations in San Francisco geared up for this week. Embark is going public via a SPAC deal with Northern Genesis Acquisition Corp. II (NYSE:NGAB). Investors include Canada Pension Plan Investment Board, Knight-Swift Transportation (NYSE:KNX), Mubadala Capital, Sequoia Capital, and Tiger Global Management. 2:30 p.m. Brookfield Asset Management (NYSE:BAM) holds its investor day event to be followed the next day by presentations from Brookfield Business Partners (NYSE:BBU), Brookfield Infrastructure Partners (NYSE:BIP) and Brookfield Renewable Partners (NYSE:BEP). 4:00 p.m. Herc Holdings (NYSE:HRI) hosts an Investor Day event to discuss the company's operational and financial strategy. The company does not hold a lot of investor events or make conference appearances, which raises the stakes on the fresh update. 4:00 p.m. Traders are circling the USDA crop report with conditions for corn (C_1:COM), cotton (CT1:COM), soybeans (S_1:COM) and winter wheat (W_1:COM) planted as potentially more significant than normal. Tuesday - September 21 All day - The three-day Skift Global Forum begins in New York City. Bank of America thinks presentations from Booking Holdings (NASDAQ:BKNG), Expedia (NASDAQ:EXPE) and Marriott International (NASDAQ:MAR) could be significant as execs outline their latest thinking on the global travel industry recovery. TripAdvisor (NASDAQ:TRIP) and trivago (NASDAQ:TRVG) could also be active based on the broad outlook from the gathering. All day - Nvidia (NASDAQ:NVDA), EVgo (NASDAQ:EVGO), Intel (NASDAQ:INTC), NXP Semiconductors (NASDAQ:NXPI), Luminar Technologies (NASDAQ:LAZR) and TuSimple (NASDAQ:TSP) are some of the more interesting presenters at the two-day Evercore ISI Autotech & AI Forum (titled New Paradigms in Mobility, Electrification, & Compute 2021). Analysts have been circling the conference as a potential share price catalyst. All day - IPO lockup periods expire on Diversey (NASDAQ:DSEY), Olink Holding (NASDAQ:OLK), Cricut (NASDAQ:CRCT), Vizio Holding (NYSE:VZIO), SEMrush (NYSE:SEMR) and Lava Therapeutics (NASDAQ:LVTX). Of that bunch, OLK and CRCT are the biggest gainers off their IPO pricing level with +40% jumps. 9:10 a.m. Fusion Acquisition Corp. (FUSE) holds a shareholder meeting to vote on the business combination with MoneyLion. Ahead of the vote, MoneyLion provided a guidance update for fiscal years 2021-2023. 9:10 a.m. Ray Dalio is one of the speakers at the Greenwich Economic Forum. The three-day conference also includes notable speakers like Third Point CEO Dan Loeb, Grayscale Investments CEO Michael Sonnenschein, Chevron (NYSE:CVX) CFO Pierre Breber and former Fed Chairman Alan Greenspan. 10:00 a.m. Biogen (NASDAQ:BIIB) holds an Investor Day focused on its broad pipeline across neuroscience and related therapeutic adjacencies. The stock is coming off its longest losing streak in over two years after management confirmed that the rollout of its Alzheimer’s drug was not going as well as hoped. Shares of Biogen have gained in the past after investor-focused events. 10:00 a.m. Angion Biomedica Corp. (NASDAQ:ANGN) hosts a virtual research and development day focused on its product candidate ANG-3070, a novel, highly selective, and orally-bioavailable small molecule tyrosine kinase receptor inhibitor in clinical development for the treatment of fibrotic diseases, including those in the kidney and lung. The event will be the company's first pipeline update since it went public. 10:30 a.m. AT&T (NYSE:T) CEO John Stankey takes the mike at the Goldman Sachs Communacopia Conference. The company has a history of breaking news at the high-profile media conference. 12:00 p.m. A session at the TechCrunch Disrupt Conference covers the global metaverse economy and how digital currencies may play in. The Roundhill Ball Metaverse ETF (NYSEARCA:META), which could be called the first catch-all metaverse investment, recently surpassed $100M in assets under management. 1:00 p.m. - Workday (NASDAQ:WDAY) holds its 2021 financial analyst day with online presentations by senior executives, who will provide updates on the company’s corporate strategy, product innovations financials, and customer momentum. Shares of Workday fell 5% the last time the company held a similar event after analysts picked at the growth story. Wednesday - September 22 All day - IPOs expected to start trading include a.k.a. Brands Holdings (NYSE:AKA), Freshworks (NASDAQ:FRSH), VersaBank (OTCPK:VRRKF) and Toast (NYSE:TOST). All day - It is the FDA action date on Incyte Corporation's (NASDAQ:INCY) Ruxolitinib. Shares of INCY have rallied in the past on days that Ruxolitinib news broke. 8:30 a.m. Boston Scientific Corporation (NYSE:BSX) conducts a meeting with the investor community to review its financial goals and long-term growth strategies. Company leaders will also provide business unit market overviews, pipeline updates and spotlight key products from the company's Cardiovascular, MedSurg and Rhythm and Neuro segments. BofA tips that the BSX analyst day could increase investor confidence in BSX's long term 6% to 8% revenue growth outlook. 9:00 a.m. Union Acquisition Corp. II (LATN) shareholder meet to vote on the business combination with Procaps. During Q2, Procaps saw four out of five of its business units record double-digit revenue growth. 10:00 a.m. Sprout Social (NASDAQ:SPT) holds the company's first investor day event ever. Shares of SPT gained about 3% the last time the company presented to analysts and investors. 11:00 a.m. Microsoft (NASDAQ:MSFT) holds its Surface event with some product announcements anticipated. Shares of MSFT have gained during Surface events in the past when surprise product reveals were fired off. 12:25 p.m. Peloton Interactive (PTON) makes a key appearance at the Goldman Sachs Communacopia Conference. The investor community is looking for any early indication on Tread product demand trends, which could jolt shares. 12:30 p.m. Weyerhaeuser (NYSE:WY) holds a Virtual Investor Day to provide an update on the company's strategic, capital allocation and sustainability initiatives and goals. Weyerhaeuser has not held an investor day event in the last few years. 2:00 p.m. The Federal Reserve Open Committee releases its statement following a two-day meeting. The biggest focus will be on the language from the committee on when it sees it as an appropriate time to start reducing the pace of asset purchases. 2:15 p.m. Federal Reserve Chairman Jerome Powell holds a press conference. Powell is expected to make a distinction between the decision to taper and the decision to hold or boost rates. Also, look for some color on what an inflation overshoot might look like as the Fed takes in economic data. 5:00 p.m. Aurora Cannabis (NASDAQ:ACB) holds its earnings call. The stock has been volatile during the last few earnings calls when execs updated on U.S. plans. Options trading implies an up or down move of about 9% after the earnings report drops. 5:40 p.m. A session at the Morningstar Investment Conference titled "Gloom or Boom? Two Wildly Different Perspectives on Equity Valuations?" features ARK Investment Management's Cathie Wood debating analysts sitting on the bearish side of the valuation debate. 8:00 p.m. Yum China (NYSE:YUMC) holds its investor day event in Beijing (9/23 8:00 a.m. local time). The event follows closely on a disappointing guidance update earlier in the week from Yum management that sent shares sharply lower. The event could include new color on restaurant traffic trends for September. Keep an eye on Starbucks (NASDAQ:SBUX) as well, which traded in tandem with YUMC this week on the China developments. Thursday - September 23 All day - IPOs expected to start to trading include Argo Blockchain (NASDAQ:ARBK), Brilliant Earth Group (NASDAQ:BRLT), Knowlton Development (NYSE:KDC), Remitly (NASDAQ:RELY), Sovos Brands (NASDAQ:SOVO) and Sterling Check Corp. (NASDAQ:STER). All day - The FDA action date for Verrica Pharmaceuticals' (NASDAQ:VRCA) VP-102 arrives. Shares of VRCA have surged this year on days that positive VP-102 news was released. 6:00 a.m. The CEO spotlight at the FT:Future of Retail includes a talk with eBay (NASDAQ:EBAY) CEO Murray Lambell. 11:00 a.m. Salesforce (NYSE:CRM) hold an annual Investor Day event. 4:15 p.m. Nike (NYSE:NKE) holds its earnings call with an update expected on the impact of the supply chain disruption from factory shutdowns in Vietnam. Other companies with Vietnam exposure include Under Armour (NYSE:UAA), Adidas (OTCQX:ADDYY) and Deckers Outdoor (NYSE:DECK). Friday - September 24 8:30 a.m. Kulicke and Soffa Industries (NASDAQ:KLIC) hosts a virtual Investor & Analyst Day to highlight the company's growing near and long-term business prospects. Shares of KLIC have gained in the week after four of the last five similar investor events. 10:00 a.m. Federal Reserve Chairman Jerome Powell give the opening remarks before the virtual "Fed Listens: Perspective on the Pandemic Recovery" event.

WDAY

Google subscribes to additional Workday products

Workday (NASDAQ:WDAY) said Google, an Alphabet (NASDAQ:GOOG) unit, subscribed to additional products to support its global workforce. The products include, Workday Adaptive Planning, Workday Extend, Workday Prism Analytics, and Workday Strategic Sourcing. In addition, as part of its ongoing investment in talent management strategies, Google will expand its current use of Workday Human Capital Management (HCM) adding new applications to enhance employee experiences and recruiting to support its workforce. “They are the backbone of our HCM suite and have been consistently innovating in this space. Talent development is critical to Google's success, and we look forward to strengthening our partnership with Workday to build the best product suite for addressing our people needs,” said Arvind KC, vice president of corporate engineering for People Operations, Google.

WDAY

BofA gets bullish on 10 stocks with crypto and digital asset exposure: Alpha Tactics

da-kuk/iStock via Getty Images Excitement in the crypto space is growing as the first bitcoin futures ETF hits the market and BofA's charts team looks at the stocks best positioned to benefit from their asset exposure. The ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) saw big demand and volume on its debut week. BofA Securities Technical Research Strategist Stephen Suttmeier highlights "technically attractive charts for ten stocks of these digital asset exposed companies." Advanced Micro Devices (NASDAQ:AMD) has upside potential to $138 to $150. "We previously flagged AMD as a vulnerable stock in late April, but the stock never decisively broke down and become more positive on a move back above its week MAs in late June/early July." American Express (NYSE:AXP) has upside potential to $202 to $208. "AXP has firmed up relative to the SPX with a 2020 bottom and a potential bullish consolidation in 2021." Bunge (NYSE:BG) is on breakout watch. "After a long term lagging trend from 2008 into 2020, BG is on head and shoulders bottom watch vs the SPX. If completed, BG could embark on a leadership trend." Exelon (NASDAQ:EXC) has a big base above $50-$51 and upside to $67 to $72. "Although EXC has a challenging long-term downtrend relative to the SPX, there are some signs of stability off of the 2020 lows. Staying above the 13, 26 and 40-week MAs vs the SPX would make a case for a bullish turn vs the SPX." Facebook (NASDAQ:FB) has support at $322. "Although FB has weakened relative to the SPX, the potential is for a bullish head and shoulders continuation pattern for FB vs the SPX, which means that FB has the potential for renewed leadership if this tactical pattern resolves to the upside." JB Hunt (NASDAQ:JBHT) has breakout targets at $212 to $220. "JBHT shows signs of a 3-year+ big base relative to the SPX." JPMorgan Chase (NYSE:JPM) big base counts to $190 to $205. "JPM has firmed up relative to the SPX with a 2020 bottom and a potential bullish consolidation in 2021." SVB Financial (NASDAQ:SIVB) has upside potential to the $750 to $800. Tesla (NASDAQ:TSLA) has a 2021 base that points to $1015 next. "Holding the 780 area on a dip would keep this breakout firmly in place with upside potential beyond the 2021 YTD peaks near 884-900 toward the pattern count at 1015." Workday (NASDAQ:WDAY) has a 2021 base that points higher to $340. "WDAY is improving relative to the SPX, which supports the case for a bullish breakout from the 2021 bullish consolidation pattern. The 2021 pattern rhymes with the bullish absolute and relative price setups that preceded an upside breakout on WDAY from a 1- year base in late August 2020."

WDAY

Five9 gains 2% as KeyBanc becomes a buyer in communications software look

metamorworks/iStock via Getty Images Five9 (NASDAQ:FIVN) is 2.2% higher premarket after an upgrade to Overweight at KeyBanc from Sector Weight, part of a positive reaction on communications software from a survey it conducted. It's "one of the best positioned names" in that sector, KeyBanc says, gaining share amid a durable customer experience "modernization trend." Meanwhile, the stock's at an attractive valuation, and the breakdown of a merger with Zoom created a buying opportunity, it says; it's set a price target at $200, implying 24% upside. As for other names in the sector it considers key ideas, it likes Microsoft (NASDAQ:MSFT), where it's raised the target to $365 from $342 (18% upside implied); HubSpot (NYSE:HUBS), where a target raised to $912 from $834 implies 12% upside; Oracle (NYSE:ORCL), where a new $104 target implies 6% upside; Salesforce.com (NYSE:CRM) and Workday (NASDAQ:WDAY). Analysts reacted to the breakdown of the Zoom merger by upgrading Five9 to Buy-equivalent ratings en masse, saying the deal's collapse refocused attention on strong fundamentals.

WDAY

Lone Pine adds Bilibili Class Z, exits Global Payments, stakes grown in Meta Platforms

William_Potter/iStock via Getty Images As of Sep.30, Lone Pine Capital disclosed six new buys during Q3 which included, by size of position, Bilibili (NASDAQ:BILI), VTEX (NYSE:VTEX), NetEase (NASDAQ:NTES), and Freshworks (NASDAQ:FRSH). This takes the portfolio total fund value to $29.7B. It exited three positions during the quarter, Global Payments (NYSE:GPN), Mastercard (NYSE:MA), and SentinelOne (NYSE:S). Ten holdings experienced increase in stake: Twitter (NYSE:TWTR), Workday (NASDAQ:WDAY), RH (NYSE:RH), PVH Corp (NYSE:PVH), and TransDigm (NYSE:TDG). Stakes were reduced in a total of 17 holdings: Meta Platforms (NASDAQ:FB), Amazon (NASDAQ:AMZN), Shopify (NYSE:SHOP), Marqeta (NASDAQ:MQ), and Adobe (NASDAQ:ADBE). SA Contributor John Vincent highlighted the top three positions of Lone Pine Capital in Q2 were Shopify, L Brands, and Facebook; however, in latest 13F filing, top positions are - Shopify, Snap (NYSE:SNAP), DoorDash (NYSE:DASH), ServiceNow (NYSE:NOW), and Microsoft (NASDAQ:MSFT).

WDAY

Workday Q3 2022 Earnings Preview

Workday (NASDAQ:WDAY) is scheduled to announce Q3 earnings results on Thursday, November 18th, after market close. The consensus EPS Estimate is $0.85 (-1.2% Y/Y) and the consensus Revenue Estimate is $1.31B (+18.4% Y/Y). Over the last 2 years, WDAY has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 24 upward revisions and 0 downward. Revenue estimates have seen 18 upward revisions and 0 downward.

WDAY

Workday dips despite solid Q3 performance, raised outlook

CharlieAJA/iStock via Getty Images Workday (NASDAQ:WDAY) shares are trading -7.78% pre-market despite a strong quarterly performance. Q3 revenue grew 20% Y/Y to $1.33B, topping analysts estimates. Subscription revenue was up 21.0% Y/Y to $1.17B, with total subscription revenue backlog totaling $10.97B (+23.7% Y/Y). The software firm reported basic and diluted net income per share of $0.17 vs. a basic and diluted net loss per share of $0.10 in the third quarter of fiscal 2021. Non-GAAP diluted net income per share was $1.10, also beating analysts estimates. Chano Fernandez, co-CEO of Workday, commented, "In the third quarter, we continued to see increased demand exceed our expectations, with more global organizations selecting our products to manage their people and finances and existing customers expanding their Workday footprint. As we look to the future, we will continue to accelerate our investments in our go-to-market efforts and our people, who are so critical to our success. We are well positioned with a strong foundation heading into fiscal 2023." As of October 31, 2021, cash, cash equivalents, and marketable securities stood at $3.55B. Based on the strong Q3 results, the company has raised its FY'22 outlook. For subscription revenue, Workday lifted its full-year estimate to be in the range of $4.533B to $4.535B, representing ~20% growth. Full-year non-GAAP operating margins is estimated to be 22%. For Q4, the firm expects subscription revenue of $1.216B to $1.218B, 21% growth, and non-GAAP operating margins of 16%. In other news, Workday has agreed to acquire external workforce management startup VNDLY.

WDAY

Workday agrees to acquire VNDLY; announces promotions

AndreyPopov/iStock via Getty Images Workday (NASDAQ:WDAY) has agreed to acquire VNDLY for consideration of ~$510M, consisting principally of cash. The transaction is expected to close in the fourth quarter of Workday's fiscal year 2022, ending Jan. 31, 2022. VNDLY specializes in cloud-based external workforce and vendor management technology. The acquisition will enable Workday to provide organizations with a unified workforce optimization solution that will help them manage all types of workers. As part of the agreement, Workday will continue to partner with and invest in VNDLY's expansive managed services provider network to deliver critical service capabilities to customers. In addition, VNDLY will continue to support and integrate with third party HR, finance, IT, and legal systems. In other news, Workday reported its Q3 results today, topping both earnings and revenue estimates. The software firm has also announced the promotions of Doug Robinson to co-president and Barbara Larson to Chief Financial Officer (CFO). WDAY -7.39% AH

WDAY

Workday EPS beats by $0.24, beats on revenue

Workday (NASDAQ:WDAY): Q3 Non-GAAP EPS of $1.10 beats by $0.24; GAAP EPS of $0.17 beats by $0.34. Revenue of $1.33B (+19.8% Y/Y) beats by $10M. Shares -5.38%. Press Release Subscription Revenue of $1.17 Billion, Up 21.0% Year Over Year. 24-Month Subscription Revenue Backlog of $7.12 Billion, Up 19.7% Year Over Year. Total Subscription Revenue Backlog of $10.97 Billion, Up 23.7% Year Over Year.

WDAY

Hedge funds trim Amazon, Facebook stakes; jump into Robinhood, Blend Labs in Q3

4kodiak/iStock Unreleased via Getty Images Sifting through Q3's 13F filings, more hedge funds reduced holdings in Amazon.com (NASDAQ:AMZN) than in any other stock, with six funds cutting their stakes. One fund, Daniel Loeb's Third Point, took a different tack and increased its holding in the ecommerce giant. Meta Platforms (NASDAQ:FB), known as Facebook in Q3, saw four funds trim stakes and two funds increase their stakes. Coatue Management, though, bulked up on the name. SoFi Technologies (NASDAQ:SOFI), which went public in the last month of Q2, was the stock that saw the most hedge funds head for the exits, with Temasek, Coatue and Third Point all shedding their shares. Two recently IPO'd fintech stocks were the most popular new positions in hedge funds — Robinhood Markets (NASDAQ:HOOD) and Blend Labs (NYSE:BLND). Coatue and Tiger Global took new stakes in both HOOD and BLND. Temasek added Blend (BLND), while Whale Rock added Robinhood (HOOD). Nextdoor Holdings (NYSE:KIND), which went public in November through a SPAC merger with Khosla Ventures Acquisition II, also gained in popularity in Q3, with Ark Investment taking a new stake in the neighborhood-based social media platform and Starboard Value and Soroban bolstering their existing stakes. Comparing HOOD, SOFI, BLND, AMZN, FB, and TSLA, megacap giants AMZN, FB and TSLA have the largest percentage of institutional ownership. For all the general market interest in Tesla (NASDAQ:TSLA), there weren't a lot of changes in funds' TSLA holdings. Cathie Wood's Ark Investment and Coatue pared their stakes in the EV and battery maker, while Whale Rock increased its stake. Workday (NASDAQ:WDAY) saw two hedge funds exit — Third Point and York Capital — while Ark Investment reduced its stake. Coatue, though, bucked the trend and increased its holding in the business software firm. In Q3, Robinhood (HOOD) outperformed the S&P 500, while Amazon (AMZN), SoFi (SOFI), and Blend Labs (BLND) all lagged the broader index as seen in the graph below. Berkshire Hathaway's (NYSE:BRK.B) (NYSE:BRK.A) stock portfolio stayed relatively steady during Q3 at ~$293B. See SA contributor John Vincent's analysis of the investment giant's portfolio.

XEL

Xcel Energy sets goal of zero carbon electricity by 2050

Xcel Energy (NASDAQ:XEL) unveils plans to deliver 100% carbon-free electricity to customers by 2050, as well as reduce carbon emissions 80% by 2030 from 2005 levels, calling its goals "the most ambitious announced to date within the electric power industry." XEL previously had set a target of 60% reduction by 2030, an says it already has cut emissions by 35% since 2005. "We’re accelerating our carbon reduction goals because we’re encouraged by advances in technology, motivated by customers who are asking for it and committed to working with partners to make it happen," says XEL Chairman, President and CEO Ben Fowke.

XEL

Invesco S&P 500 Low Volatility ETF (SPLV) November Summary

November monthly performance was: -0.3% AUM of $8.47B 52-week performance vs. the S&P 500 is: +3% $0.17 in dividends were paid in November Top 10 Holdings as of 11/29/2018: Coca-Cola Co (KO): 1.25383%, Republic Services Inc Class A (RSG): 1.1826%, Duke Energy Corp (DUK): 1.15175%, Ecolab Inc (ECL): 1.14619%, WEC Energy Group Inc (WEC): 1.14523%, CMS Energy Corp (CMS): 1.14477%, Exelon Corp (EXC): 1.1411%, Consolidated Edison Inc (ED): 1.12221%, AvalonBay Communities Inc (AVB): 1.1191%, Xcel Energy Inc (XEL): 1.11629%

XEL

Xcel Energy declares $0.38 dividend

Xcel Energy (NASDAQ:XEL) declares $0.38/share quarterly dividend, in line with previous. Forward yield 2.86% Payable Jan. 20; for shareholders of record Dec. 28; ex-div Dec. 27. See XEL Dividend Scorecard, Yield Chart, & Dividend Growth.

XEL

Google eyes $600M Minnesota data center powered by Xcel Energy wind farms

Google (GOOG, GOOGL) is planning to build a $600M data center in Minnesota that would be powered by two Xcel Energy (NYSE:XEL) wind farms, according to a filing with the Minnesota Public Utilities Commission. Under the proposed agreement, XEL would sell Google the land for the data center and supply electricity service for the facility's big power needs. The site is near two XEL coal plants, but the company plans to retire those soon and instead provide 300 MW of wind-generated energy.

XEL

Xcel Energy EPS in-line, misses on revenue

Xcel Energy (NASDAQ:XEL): Q4 Non-GAAP EPS of $0.42 in-line. Revenue of $2.88B (+3.2% Y/Y) misses by $340M. Shares +0.77% PM. Press Release

XEL

U.S. nat gas demand seen reaching record high during freeze

Energy analysts expect record amounts of natural gas to be used for heating today as an Arctic-like freeze blankets the eastern half of the U.S. At the same time, the bitter cold could temporarily reduce gas production by causing freeze-offs in the Marcellus and Utica shale, the biggest U.S. gas producing region. Overnight lows tonight through Friday will drop to at least -20 F in Chicago and the single-digits along the east coast from New York to Boston, according to AccuWeather. Demand for natural gas in the Lower 48 states could hit an all-time high of 148B cf today, S&P Global Platts says, as consumers crank up their heaters. PJM, the electric grid operator for all or parts of 13 states from New Jersey to Illinois, forecasts power demand will reach ~142K MW on Thursday, approaching the region’s all-time winter peak of 143,295 MW on Feb. 20, 2015. DTE Energy (NYSE:DTE) and Xcel Energy (NYSE:XEL) are asking customers to lower their thermostats to take pressure off power systems struggling to meet heating demand. ETFs: UNG, UGAZ, XLU, DGAZ, UTG, VPU, BOIL, GUT, IDU, BUI, KOLD, UNL, FUTY, RYU, UHN, UPW, FXU, SDP, GAZB, FUGAX, JHMU

XEL

Xcel Energy Q4 2018 Earnings Preview

Xcel Energy (NYSE:XEL) is scheduled to announce Q4 earnings results on Thursday, January 31st, before market open. The consensus EPS Estimate is $0.42 (flat Y/Y) and the consensus Revenue Estimate is $3.22B (+15.0% Y/Y). Over the last 2 years, XEL has beaten EPS estimates 75% of the time and has beaten revenue estimates 25% of the time. Over the last 75 days, EPS estimates have seen 3 upward revisions and 1 downward.

XEL

Xcel Energy declares $0.405 dividend

Xcel Energy (NASDAQ:XEL) declares $0.405/share quarterly dividend, 6.6% increase from prior dividend of $0.38. Forward yield 3.0% Payable April 20; for shareholders of record March 15; ex-div March 14. See XEL Dividend Scorecard, Yield Chart, & Dividend Growth.

XEL

Pension fund group wants electric utilities to speed decarbonization plans

Major U.S. pension funds are asking the 20 largest publicly traded electric utilities for detailed plans to achieve carbon-free electricity by 2050 at the latest but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy already have made executives and directors receptive to the goal. Making electricity carbon-free by 2050 will be key to meeting the goals of the 2015 Paris Agreement to constrain global warming, the investor group says, also praising a December announcement by Xcel Energy (NYSE:XEL) that it will aim for carbon-free generation by 2050. Large utilities receiving a letter from the group include Duke Energy (NYSE:DUK) and NRG Energy (NYSE:NRG); each already has moved toward cutting emissions, as DUK has set a goal of reducing carbon emissions by 40% by 2030 from 2005 levels, and NRG seeks to cut emissions in half by 2030 and by 90% by 2050 vs. 2014 levels. ETFs: XLU, UTG, VPU, GUT, IDU, BUI, FUTY, RYU, UPW, FXU, SDP, FUGAX, JHMU

XEL

Minnesota proposal seeks 100% clean energy by 2050

Minnesota Gov. Walz introduces a proposal that would require the state's electricity providers including Xcel Energy (XEL -0.3%) to shift to 100% carbon-free energy by 2050. State lawmakers recently introduced a similar measure that would mandate companies to reach a series of benchmarks before relying solely on clean energy, but Walz's proposal would require companies to reach clean energy by 2050 but not certain benchmarks beforehand. The legislators' bill also would require XEL to go carbon-free by 2045, while Walz's proposal does not include that stipulation. XEL, Minnesota's largest energy provider, already set its own goal of using carbon-free power by 2050, relying mostly on nuclear power to meet the goal, but it raised concerns about the proposal by state lawmakers in a hearing last month.

XEL

Xcel Energy EPS in-line, beats on revenue

Xcel Energy (NASDAQ:XEL): Q1 Non-GAAP EPS of $0.61 in-line. Revenue of $3.14B (+6.4% Y/Y) beats by $30M. Press Release

XEL

Xcel Energy Q1 2019 Earnings Preview

Xcel Energy (NASDAQ:XEL) is scheduled to announce Q1 earnings results on Thursday, April 25th, before market open. The consensus EPS Estimate is $0.61 (+7.0% Y/Y) and the consensus Revenue Estimate is $3.11B (+5.4% Y/Y). Over the last 2 years, xel has beaten EPS estimates 63% of the time and has beaten revenue estimates 25% of the time. Over the last 3 months, EPS estimates have seen 3 upward revisions and 2 downward. Revenue estimates have seen 1 upward revision and 1 downward.

XEL

(A few) income favorites in favor as markets tumble

Trade war fears have knocked the major averages deep into the red again, with the S&P 500 off 1.3%, the Dow -1.6%, and the Nasdaq -1.5%. While the utilities (XLU -0.5%) and the REITs (IYR -0.4%) as a whole are lower, they're outperforming, and even showing some pockets of green. The less economically-sensitive REITs are doing best, including names like Omega Health (OHI +0.6%), Physicians Realty (DOC +0.6%), Ventas (VTR +0.1%), and Senior Housing Properties (SNH +0.9%). Among utilities: NextEra (NEE -0.1%), Southern Company (SO +0.1%), Xcel Energy (XEL -0.3%)

XEL

Xcel Energy declares $0.405 dividend

Xcel Energy (NASDAQ:XEL) declares $0.405/share quarterly dividend, in line with previous. Forward yield 2.82% Payable July 20; for shareholders of record June 14; ex-div June 13. See XEL Dividend Scorecard, Yield Chart, & Dividend Growth.

XEL

Xcel Energy to shut last two Upper Midwest coal plants

Xcel Energy (NASDAQ:XEL +0.3%) says it plans to retire its remaining two coal plants in the U.S. Upper Midwest a decade earlier than scheduled, which the company calls a milestone in its clean energy transition. XEL says it will submit its plan for approval to the Minnesota Public Utilities Commission in July; if approved, the plan would lead to an 80%-plus reduction in carbon emissions in the region by 2030 from 2005 levels. The company also reiterates its plan to expand solar energy with more than 3K MW of new universal solar added by 2030.

XEL

Xcel subsidiary to buy Colorado power plant from Atlantic Power

Atlantic Power (NYSE:AT-OLD) agrees to sell its 300 MW Manchief electric generating station in Colorado to Public Service Co. of Colorado for $45.2M. Xcel Energy (NASDAQ:XEL) subsidiary PSCo is the current customer under Manchief's power purchase agreement. The sale is subject to approvals from the Colorado Public Utilities Commission and the Federal Energy Regulatory Commission, which are expected within 11 months of filing.

XEL

Xcel Energy gets final $82M offer for Boulder assets

The city of Boulder, Colo., may be on the verge of leaving Xcel Energy (NASDAQ:XEL) and create its own municipal electrical utility after making a final $82M offer to buy the company's electrical distribution infrastructure in the city. If XEL does not accept the offer by a June 26 deadline, Boulder likely would file condemnation proceedings and ask a court to oversee the transaction and establish the ultimate price tag. XEL says Boulder is not following the process as it was laid out by the Colorado Public Utilities Commission and is under no obligation to respond to the offer.

XEL

Xcel Energy EPS misses by $0.07, misses on revenue

Xcel Energy (NASDAQ:XEL): Q2 GAAP EPS of $0.46 misses by $0.07. Revenue of $2.58B (-2.9% Y/Y) misses by $260M. Press Release

XEL

Xcel Energy Q2 2019 Earnings Preview

Xcel Energy (NASDAQ:XEL) is scheduled to announce Q2 earnings results on Thursday, August 1st, before market open. The consensus EPS Estimate is $0.53 (+1.9% Y/Y) and the consensus Revenue Estimate is $2.84B (+6.8% Y/Y). Over the last 2 years, XEL has beaten EPS estimates 63% of the time and has beaten revenue estimates 38% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 5 downward. Revenue estimates have seen 1 upward revision and 2 downward.

XEL

Utilities get interest rate-driven boost amid broad stock losses

The utilities sector (XLU +1%) remains strong throughout this afternoon's sharp stock market downturn, and its showing ties back directly to the downward shift in Treasury yields. Every Treasury security from the one-year  to the 10-year note has a 1-handle attached, and the low yields are not only attractive for the capital intensive utility companies but also for income investors seeking yield. The utilities sector sports a dividend yield of 3.4%, trouncing the yield on risk-free Treasury securities, including the 30-year bond's 2.43%. Among today's advancers: D +2.2%, CMS +2%, WEC +1.9%, XEL +1.9%, DTE +1.5%, NEE +1.5%, SO +1.4%. ETFs: XLU, UTG, VPU, GUT, IDU, BUI, FUTY, RYU, UPW, FXU, SDP, FUGAX, JHMU