Dayforce Inc (DAY) is experiencing significant fluctuation in its market performance, with its Q1 earnings falling short of estimates. Analyst firm Piper Sandler reiterated their 'Neutral' rating on the stock, while its falls have been attributed primarily to concerns around slowing employment growth. In response to these circumstances, BMO Capital Markets has adjusted DAY's price target to $75.00. The company reported robust revenue growth and operating profit in its Q1 2024 results. In addition, Dayforce continues to expand its customer base as it announces the successful implementation in 13 countries. Despite these achievements, DAY is currently under investigation by Bronstein, Gewirtz & Grossman, LLC. over potential violations of security laws. Lastly, Dayforce Inc. was previously known as ‘Ceridian’ and they have announced changing their ticker symbol to ‘DAY’ on NYSE and TSX.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Fri, 17 May 2024 20:57:31 GMT -
Rating -2
- Innovation 2
- Information 5
- Rumor -5
