Dayforce Inc (NYSE:DAY) has seen significant activity both from investors and in terms of its product and service offerings. With investments being made by
Retirement Systems of Alabama,
M&T Bank Corp,
Tidal Investments, and
Toronto Dominion Bank, the company appears to be on a growth trajectory. Expanding on its product offerings, Dayforce launched
Dayforce AI Agents and
Dayforce Communications. Also, it is noteworthy to mention that the company has surpassed Q3 earning and revenue estimates, earning it a
Relative Strength Rating Upgrade.
Its game-changing
direct-to-bank pay solution reached a $5B milestone while creating waves in the HR realm. Dayforce also plans to make a significant
partner network expansion aiming for a 2025 launch. Interestingly, the company's stock value saw a boost of 33%. Yet, the company's price/sales still seem reasonable despite its recent success.
Dayforce financial results for Q3 2024 reporting $440 million revenue and notwithstanding the net income reaching $2 million, the quarterly performance guidance underwhelmed reviewers. The company will also be announcing Q2 2024 financial results soon.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Sat, 21 Dec 2024 10:29:07 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor 2
