Management Matters, Says Jim Cramer When Discussing Workday (WDAY)

We recently published 10 Stocks Jim Cramer Talked About.  Workday Incorporated (NASDAQ:WDAY) is one of the stocks Jim Cramer talked about.

Financial management and planning software provider Workday Incorporated (NASDAQ:WDAY)’s shares are down by 48% over the past year and by 35% year-to-date. Baird discussed the firm on February 25th as it cut the share price target to $190 from $195 and kept an Outperform rating. The coverage followed after Workday Incorporated (NASDAQ:WDAY)’s fourth quarter results, and in the period, the firm brought in $2.53 billion in revenue and $2.47 in adjusted earnings and beat analyst estimates. However, Workday Incorporated (NASDAQ:WDAY)’s fiscal first quarter guidance of $2.335 billion in subscription revenue and 30.5% in adjusted operating margin fell short of analyst estimates. Earlier in the month, BTIG also commented on the software company as it reduced the share price target to $230 from $285 and maintained a Buy rating. The financial firm outlined that Workday Incorporated (NASDAQ:WDAY)’s AI strategy required hefty investments. Cramer discussed the firm’s management:

“No, but I will say this. You know, the executive who is back running Workday. . .is a pro. And I think that people will take his call and they’ll take his stuff. And he does matter, management does matter, you need seasoned managers.”

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