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Workday's chief is stepping down from his position as CEO and board member. Cofounder Aneel Bhusri returns as CEO for the fourth time.
Workday Inc (NASDAQ:WDAY) shares fell more than 6% after the company announced that co-founder and current executive chair Aneel Bhusri will return as chief executive officer. Carl Eschenbach, who has served as CEO for the past three years, is stepping down and leaving the board but will remain involved as a strategic advisor to Bhusri, the company said.
Investor sentiment toward software stocks is low, and now Workday is replacing a CEO who was known for having good sales relationships.
Workday CEO Carl Eschenbach is stepping down from his role effective immediately. The company's co-founder, Aneel Bhusri, who has previously served as chief executive, will replace Eschenbach.
Workday (WDAY) is trading at historically low valuations despite strong fundamentals and a resilient business model. WDAY benefits from high customer retention, pricing power, and sticky enterprise relationships, making it difficult for competitors to displace. AI presents a significant cross-sell opportunity for WDAY, supporting expectations of 10%+ annual top-line growth over the next five years.
Carl Eschenbach Steps Down After Leading Company Through a Period of Global Expansion and Operational Scale Company Reaffirms Fiscal 2026 Fourth Quarter and Full-Year Outlook PLEASANTON, Calif., Feb. 9, 2026 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for managing people, money, and agents, today announced that co-founder and current executive chair Aneel Bhusri is returning as chief executive officer as the company enters its next chapter, focused on leading in the rapidly evolving AI era.
Weekly Market HighlightsMarket breadth was slightly positive on the week, with 4,831 advancers versus 4,694 decliners.Returns were highly skewed, with 491 stoc
Workday (WDAY) concluded the recent trading session at $162.93, signifying a +2.63% move from its prior day's close.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zacks.com users have recently been watching Workday (WDAY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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Workday announced layoffs affecting about 2% of its workforce, mostly those in customer-service roles. The company said it's realigning resources while continuing to hire in strategic areas and locations.
Workday (WDAY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Stock futures mixed, focus on Bristol-Myers Squibb, Alphabet's strong Q4 results, ConocoPhillips earnings, Workday layoffs, Amazon's earnings.
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DALLAS--(BUSINESS WIRE)--Three Link Solutions (Three Link), an innovation company building high-impact technology-enabled solutions for Workday customers, today announced it has become an Innovation Partner, deepening its collaboration with Workday. This partnership marks a significant step forward in Three Link's relationship with Workday, as both an Innovation Partner and a Services Partner, expanding the value delivered to Workday customers. As a Workday Innovation Partner, Three Link collab.
PLEASANTON, Calif., Feb. 3, 2026 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for managing people , money , and agents , today announced the Military Skills Mapper, a new feature in Workday Recruiting designed to help organizations more effectively identify and hire military veterans.
PLEASANTON, Calif., Feb. 3, 2026 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for managing people , money , and agents , will announce its fiscal 2026 fourth quarter and full year financial results after market close on Tuesday, February 24, 2026.
Bank of New York Mellon Corp lessened its holdings in shares of Workday, Inc. (NASDAQ: WDAY) by 3.2% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,344,923 shares of the software maker's stock after selling 44,383