Dayforce Inc. (NYSE:DAY), a significant player in the HR software market, has presented a mixed financial situation, leading to some negative market sentiment. In Q1 2024, despite showing robust revenue growth and operating profits, the stock saw a dip due to concerns around slowing employment growth. Its share prices have been adjusted downwards to $53.00 (TD Cowen) and $52.00 (Wells Fargo), hitting a new 1-year low at $48.65, down 5.3%. Meanwhile, Dayforce reported a three-year investor loss of 34% with stock shedding US$297m in one week. Despite profit and revenue growth, Dayforce's Q1 Earnings lagged estimates causing the stock to fall. In operational updates, Dayforce had a name change from Ceridian and launched Dayforce Payroll in Singapore and a new product Dayforce Flex Work. COO Christopher Armstrong sold 60,000 shares. The company’s EVP and Chief People Officer is Amy Cappellanti-Wolf. Dayforce was named one of America's most 'Just' companies by Just Capital and CNBC. It completed the acquisition of eloomi indicating further expansion but was down after Blue Orca Capital took a short position.
Dayforce DAY News Analytics from Mon, 23 Apr 2018 07:00:00 GMT to Sat, 29 Jun 2024 01:31:44 GMT -
Rating -3
- Innovation 0
- Information 5
- Rumor 1
