Dayforce Inc (NYSE:DAY) has received a 'Moderate Buy' recommendation from Brokerages and is leading the pack in Q1 earnings in the HR software industry. However, investors from three years ago are still observing a 44% decrease in their investment despite the 11% gain this week. The company recently underwent a rebranding, striking a balance between bull and bear cases. Now, DAY has strongly raised its 2024 revenue forecast thanks to high demand for its payroll system. Simultaneously, it observed a significant increase in short interest and a dip in stock price due to concerns over slowing employment growth. DAY recently completed the acquisition of eloomi and launched Dayforce Payroll in Singapore, reinforcing strong global momentum. However, it also reached a new 12-month low at $48.58, keeping investors on their toes while it continues pushing for growth and innovation.
Dayforce DAY News Analytics from Tue, 24 Mar 2015 07:00:00 GMT to Sat, 20 Jul 2024 05:36:13 GMT -
Rating 1
- Innovation 6
- Information 8
- Rumor -5
