Dayforce Inc., listed as
DAY on the NYSE, has been the subject of a range of notable announcements. Its stocks have performed impressively, shooting up by 33%, with the P/S ratio looking reasonable. The company has surpassed Q3 Earnings and Revenue estimates, earning an upgrade in relative strength rating. Investment for them has been strong with firms such as
Mn Services Vermogensbeheer B.V. and
Fernwood Investment Management LLC investing in significant shares. Dayforce has also been named a leader in the
2024 Gartner® Magic Quadrant™ for Cloud HCM Suites for the fifth consecutive year, reflecting high esteem for their product suite. Their price target has been raised to $85 by Mizuho. However, their Q3 Sales targets have beaten but the quarterly guidance has underwhelmed. Despite this, they are still considered a profitable mid-cap stock to invest. Among their strategic initiatives, Dayforce has launched a new brand campaign titled
'Do the Work You're Meant to Do', and announced their 2024 Investor Day. They have also reported a strong Q3 2024 performance, lifted their annual revenue forecast based on strong payroll demand, and announced a massive $500 Million Share Repurchase Program.
Dayforce DAY News Analytics from Mon, 22 Jan 2024 08:00:00 GMT to Thu, 07 Nov 2024 12:48:55 GMT -
Rating 8
- Innovation 5
- Information 6
- Rumor 3
