I Don't Know What Workday (WDAY) is Transitioning To, Says Jim Cramer

We recently published 12 Stocks on Jim Cramer’s Radar.  Workday Incorporated (NASDAQ:WDAY) is one of the stocks on Jim Cramer's radar.

Workday Incorporated (NASDAQ:WDAY) is a software company that provides financial management and other associated products. Like other software companies, its shares have also struggled in today’s era of AI investment. They are down by 49% over the past year and by 39% year-to-date. The latest turmoil in the shares came yesterday after Workday Incorporated (NASDAQ:WDAY) reported its fiscal fourth quarter earnings report. The results saw the firm post $2.53 billion in revenue and $2.47 in adjusted earnings per share to beat analyst estimates of $2.52 billion and $2.32. However, the shares fell due to what media reports attributed was a weak first-quarter guidance. For its fiscal first quarter, Workday Incorporated (NASDAQ:WDAY) guided 30.5% in adjusted operating margin and $2.335 billion in subscription revenue. On the other hand, analysts had pencilled in a 30.9% margin and $2.35 billion. Cramer briefly discussed Workday Incorporated (NASDAQ:WDAY)’s transition before the earnings:

“I think Workday’s in transition except for I don’t know what it’s transitioning to.”

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