WDAY

Workday, Inc. (NASDAQ: WDAY) is a leading provider of enterprise cloud applications for finance and human resources. Their solutions include financial management, human capital management, planning, and analytics, serving a diverse range of industries such as finance, healthcare, manufacturing, education, and technology.

As of February 22, 2025, Workday's stock is trading at $256.39, reflecting a 1.99% decrease from the previous close. The stock has experienced a decline over the past three days, currently standing 10.7% below its 52-week high of $311.28, achieved on February 26, 2024. The recent trading session saw a higher-than-average volume of 2.4 million shares, compared to the 50-day average of 1.8 million shares.

In recent developments, Workday announced plans to lay off approximately 1,750 employees, or 8.5% of its workforce, as part of a restructuring plan to focus on durable growth. The company expects to incur charges between $230 million and $270 million related to the plan, with $60 million to $70 million recognized in Q4 of fiscal 2025 and the remainder in Q1 of fiscal 2026.

Despite the recent stock pullback, Workday has shown resilience, with a 143.16% increase over the past five years.

Overall, Workday continues to be a significant player in the enterprise cloud applications sector, offering comprehensive solutions to meet the evolving needs of businesses worldwide.