WDAY stock on the upswing
Workday (WDAY) stock has gained 36.6% in the last year, and its stock price has risen 3.3% in the last month. Workday stock is trading 46.0% higher than its 52-week low of $95.35 and 2.3% lower than its 52-week high of $142.45. In the last five days, Workday stock has risen 5.9%.
Key stock price drivers
Workday’s (WDAY) strong product portfolio includes its Human Capital Management (or HCM) suite and financial management tools via its cloud application. The company’s growing subscriber base is dominated by Fortune 500 companies, which drives its order size and supports its stock price momentum.
The ongoing migration of data warehouse to the cloud has triggered demand for the company’s HCM and financial management services, which is also reflected in its stock price movement.
Stock price movement of WDAY’s peers
In the last year, software firms Automatic Data Processing (ADP), Adobe Systems (ADBE), and Splunk (SPLK) have also registered strong growth momentum. During this period, these stocks gained 26.6%, 66.6%, and 76.7%, respectively.
From the chart above, we can see these companies generating healthy returns from their upside stock price movements. Splunk witnessed the highest return while Automatic Data Processing saw the lowest growth in the last year.