Workiva (NYSE:WK) Stock, Quote.Headers.trade-ideas

Workiva

Workiva Inc is a cloud-native platform that simplifies the complexities of reporting and compliance. Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications. Customers use the platform to create, review and publish data-linked documents and reports with greater control, consistency, accuracy, and productivity and it is also used for SEC Filings. It provides to more than 6,000 organizations across the globe with SaaS platform solutions to help solve some of the most complex reporting and disclosure challenges.

Amgen stock

News

Intraday Update

Markets

Movers

AAPL

ALHC

AMGN

ARDX

Adtalem Global Education Inc. Common Stock

ATGE

BKNG

CGON

CLFD

ENPH

IBRX

IESC

LOCO

MELI

MODV

OLED

OSPN

PCTY

RMAX

TNDM

TWST

Amgen Posts Upbeat Results, Joins OneSpan, Paylocity Holding, MercadoLibre And Other Big Stocks Moving Higher On Friday

Penny Stocks

Small Cap

Trading Ideas

AMPL

ATCH

AVGR

BFRI

BLCO

CPOP

EFOI

GBNH

GRMN

HCKT

IOVA

JANX

LIVN

MOTS

MTTR

PANW

PLAB

RAPT

SEDG

SEED

SISI

SNCR

SOGP

TDOC

THRM

TRTX

UCAR

VTYX

WTTR

Shares of  International Flavors &amp; Fragrances Inc. (NYSE: IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.

Why International Flavors &amp; Fragrances Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Earnings

Equities

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

CAKE

CRWD

EXAS

FIVN

JACK

LCID

NDSN

NOVA

NVDA

RIVN

WING

The market will broaden the sustenance of its rally when interest-rate cuts begin to be priced in and investors begin to think about the roadmap, an analyst said.

Wall Street Waits With Bated Breath For Nvidia Earnings After Tech Selloff, Fed Minutes Eyed: Analyst Flags This As Biggest Risk For Market

Workiva Inc

PT WIJAYA KARYA PERSERO by PT WIJAYA KARYA PERSERO TBK

World Kinect Corp

Wacker Chemie AG

WISeKey International Holding Ltd - American Depositary Shares

WISeKey International Holding Ltd

SANDERSON DESIGN GRP PLC by SANDERSON DESIGN GROUP PLC

Sanderson Design Group PLC

WestKam Gold Corp

Workhorse Group Inc

WORKMAN CO LTD ORD by Workman Company Ltd.

Workman Co Ltd

Walker Lane Exploration Inc

Tidal ETF Trust SoFi Weekly Divid ETF

WALKME LTD ORD SHS

WORKSPACE GROUP PLC ORD by Workspace Group Plc.

Workspace Group PLC

WACKER NEUSON SE NAMEN AK by Wacker Neuson SE

Wacker Neuson SE

Worksport Ltd

WEBSKY INC by WebSky, Inc.

Northland Capital Markets analyst Mike Grondahl maintains Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) with a Outperform and lowers the price target from $106 to $95.

Price Target

Analyst Ratings

Northland Capital Markets Maintains Outperform on Workiva, Lowers Price Target to $95

Guidance

Workiva Sees Q3 Adj. EPS $0.22-$0.24 vs $0.25 Est., Tota Revenue $182M-$183M vs $180.48M Est.; Sees FY24 Adj. EPS $0.94-$0.98 vs $0.99 Est., Total Revenue $727M-$729M vs $721.28M Est.

Buybacks

Workiva Authorizes Stock Repurchase Program Of Up To $100M

Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.18 by 11.11 percent. The company reported quarterly sales of $177.503 million which beat the analyst consensus estimate of $175.225 million by 1.30 percent. This is a 14.50 percent increase over sales of $155.022 million the same period last year.

Earnings Beats

Earnings Misses

Workiva Q2 2024 Adj. EPS $0.16 Misses $0.18 Estimate, Sales $177.503M Beat $175.225M Estimate

Citigroup analyst Steven Enders maintains Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) with a Buy and raises the price target from $103 to $105.

Citigroup Maintains Buy on Workiva, Raises Price Target to $105

Baird analyst Rob Oliver maintains Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) with a Outperform and lowers the price target from $105 to $94.

Baird Maintains Outperform on Workiva, Lowers Price Target to $94

Workiva Acquires Sustain.Life For $100M; Sustain.Life Becomes Wholly Owned Subsidiary; Equity Awards Adjusted And Escrow Agreement Established

BMO Capital analyst Daniel Jester maintains Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) with a Outperform and maintains $96 price target.

BMO Capital Maintains Outperform on Workiva, Maintains $96 Price Target

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday.
Shares of Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone <a href="https://www.benzinga.com/general/biotech/24/05/38601856/amgen-reports-better-than-expected-q1-results-50m-milestone-payment">payment from Royalty Pharma</a>.
Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company reported quarterly sales of $7.447 billion, which beat the analyst consensus estimate of $7.436 billion and represents a 21.98% increase over sales of $6.105 billion in the same period last year.
Amgen shares surged 12.2% to $312.45 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) jumped 27.4% to $46.57 after the comapny reported better-than-expected first-quarter financial results.</li>
<li>WideOpenWest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) shares surged 26.1% to $4.7790 after the company received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and various Crestview entities to purchase all of the outstanding shares of WOW! that Crestview does not currently own for $4.80 per share in cash.</li>
<li>El Pollo Loco Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) surged 24.8% to $10.73 after the company reported better-than-expected first-quarter results.</li>
<li>Twist Bioscience Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) jumped 22.8% to $39.31 after the company reported better-than-expected second-quarter financial results.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) surged 22.1% to $6.42 after the company reported better-than-expected first-quarter revenue results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY24 revenue guidance above estimates.</li>
<li>Clearfield, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) surged 21.8% to $38.89 after the company reported better-than-expected second-quarter results and increased its repurchase authorization.</li>
<li>RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) surged 21% to $8.66 following upbeat quarterly results.</li>
<li>Ardelyx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDX#NASDAQ">ARDX</a>) shares rose 20.7% to $8.19 after the company reported better-than-expected first-quarter financial results.</li>
<li>ModivCare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MODV#NASDAQ">MODV</a>) rose 19.8% to $26.33 after the company reported better-than-expected quarterly sales results.</li>
<li>OneSpan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) shares gained 19.6% to $13.09 after the company reported better-than-expected first-quarter adjusted EPS and sales.</li>
<li>IES Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) gained 19% to $162.91 following second-quarter results.</li>
<li>Adtalem Global Education Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGE#NASDAQ">ATGE</a>) rose 16.2% to $60.71 following upbeat quarterly results.</li>
<li>Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) gained 16% to $173.49 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates. The Board of Directors approve a $500 million share repurchase program.</li>
<li>MasTec, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) surged 14% to $103.86 after the company reported better-than-expected quarterly financial results.</li>
<li>CG Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGON#NASDAQ">CGON</a>) gained 14% to $45.07.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) gained 11.2% to $9.97 after the company announced it signed an exclusive global arrangement with the Serum Institute of India. The company will be supplied with Bacillus Calmette-Guerin.</li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) surged 10.3% to $1,661.60 after the company reported better-than-expected first-quarter financial results.</li>
<li>Tidewater Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDW#NYSE">TDW</a>) rose 9.8% to $103.13 following upbeat results.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) gained 9.4% to $11.98.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) rose 9% to $115.59.</li>
<li>Universal Display Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>) gained 8.6% to $169.84 after the company reported better-than-expected first-quarter financial results.</li>
<li>XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) gained 7.4% to $116.96 following better-than-expected first-quarter financial results.</li>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) gained 6.7% to $3,705.00 after the company reported better-than-expected first-quarter financial results.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose 6.4% to $184.09 after the company reported better reported better-than-expected results for its second quarter.</li>
<li>Workiva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) gained 5.9% to $84.76 following strong quarterly earnings and upbeat EPS guidance.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38613217/top-3-energy-stocks-that-could-blast-off-this-month">Top 3 Energy Stocks That Could Blast Off This Month</a>

WIIM

Workiva shares are trading higher following strong Q1 earnings and upbeat EPS guidance.

Workiva Sees Q2 Adj. EPS $0.16-$0.19 vs $0.13 Est., Total Revenue $174M-$176M vs $177.2M Est.; Sees FY24 Adj. EPS $0.96-$1.03 vs $0.60 Est., Sees Total Revenue $719M-$723M vs $720.8M Est.

Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.17 by 29.41 percent. This is a 283.33 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $175.667 million which beat the analyst consensus estimate of $174.081 million by 0.91 percent. This is a 16.96 percent increase over sales of $150.189 million the same period last year.

Workiva Q1 2024 Adj EPS $0.22 Beats $0.17 Estimate, Sales $175.667M Beat $174.081M Estimate

Citigroup analyst Steven Enders maintains Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) with a Buy and lowers the price target from $110 to $95.

Citigroup Maintains Buy on Workiva, Lowers Price Target to $95

ADSK

CCSI

CRNC

EGHT

FORM

INTU

LSCC

MCHP

MRVL

SHOP

UCTT

VRNT

Shares of broader technology stocks are trading lower as Treasury yields rise following hotter-than-expected March inflation data.

Shares of International Flavors &amp; Fragrances Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iff#NYSE">IFF</a>) fell during Wednesday&rsquo;s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.
International Flavors &amp; Fragrances shares dipped 8.4% to $75.11 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) climbed 120.8% to $0.4351. Greenbrook TMS raised $2.5 million in debt financing.</li>
<li>Emergent BioSolutions Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebs#NYSE">EBS</a>) gained 84% to $2.8050. Emergent BioSolutions appointed Joseph Papa as President and CEO, effective Feb. 21, 2024.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) gained 77.2% to $5.30. Traders circulated unconfirmed analyst comments suggesting co might be the next big weight loss drug citing a new publication showing NLRP3 has significant weight loss similar to GLP-1.</li>
<li>Sound Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sogp#NASDAQ">SOGP</a>) shares rose 63.1% to $4.60. Sound Group announced the launch of new AI-powered applications.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) shares rose 59.4% to $1.04 after the company was granted U.S. Patent #11904085 for &#39;Systems And Methods For Cleaning A Colon.&#39;</li>
<li>Origin Agritech Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seed#NASDAQ">SEED</a>) gained 34% to $3.11. Origin Agritech increased revenue by 77% year-over-year for the fiscal year ended Sep. 30, 2023.</li>
<li>Gentherm Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thrm#NASDAQ">THRM</a>) shares jumped 24.7% to $61.48 after the company reported better-than-expected fourth-quarter financial results and issued guidance.</li>
<li>RAPT Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rapt#NASDAQ">RAPT</a>) gained 24% to $8.52.</li>
<li>Energy Focus, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/efoi#NASDAQ">EFOI</a>) shares jumped 23.4% to $1.7050.</li>
<li>MediaAlpha, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/max#NYSE">MAX</a>) rose 19% to $18.80 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Janux Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/janx#NASDAQ">JANX</a>) gained 18% to $11.75. Janux Therapeutics will host virtual event on Feb. 26th, 2024, at 4:30PM ET to discuss updated clinical data for PSMA-TRACTr JANX007 and EGFR-TRACTr JANX008.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iova#NASDAQ">IOVA</a>) rose 15.9% to $13.95.</li>
<li>TPG RE Finance Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trtx#NYSE">TRTX</a>) jumped 12.9% to $6.24 after the company reported fourth-quarter financial results.</li>
<li>Garmin Ltd.(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grmn#NYSE">GRMN</a>) rose 12.2% to $137.72 after the company reported fourth-quarter financial results and issued FY24 revenue guidance above estimates, recommended boosting annual dividend and authorized share buyback.</li>
<li>Select Water Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wttr#NYSE">WTTR</a>) gained 11.7% to $8.77 following strong earnings.</li>
<li>The Hackett Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hckt#NASDAQ">HCKT</a>) surged 11.2% to $25.48 following upbeat results.</li>
<li>LivaNova PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/livn#NASDAQ">LIVN</a>) jumped 8.8% to $57.28 following upbeat earnings.</li>
<li>EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) gained 8.8% to $36.69.</li>
<li>Wix.com Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wix#NASDAQ">WIX</a>) gained 8.6% to $136.15 following fourth-quarter results.</li>
<li>Bausch + Lomb Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blco#NYSE">BLCO</a>) gained 8.6% to $15.84 after reporting quarterly results.</li>
<li>Wix.com Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wix#NASDAQ">WIX</a>) gained 8.2% to $135.56 following fourth-quarter results.</li>
<li>NeoGenomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neo#NASDAQ">NEO</a>) rose 7.4% to $15.78 after the company reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance above estimates.</li>
<li>Toll Brothers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) gained 6.6% to $110.42 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>AtlasClear Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) shares tumbled 41% to $1.19.</li>
<li>Shineco, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sisi#NASDAQ">SISI</a>) dipped 33.4% to $1.53 after gaining around 56% on Tuesday.</li>
<li>Synchronoss Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sncr#NASDAQ">SNCR</a>) fell 32.2% to $8.30.</li>
<li>U Power Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ucar#NASDAQ">UCAR</a>) dipped 30% to $0.0710 after the company received a delisting notice from the Nasdaq Stock Market due to its ordinary shares&rsquo; closing bid price falling below $0.10 for ten consecutive trading days, as per the Low Priced Stocks Rule.</li>
<li>MoneyHero Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mny#NASDAQ">MNY</a>) fell 28% to $2.2259.</li>
<li>Community Health Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cyh#NYSE">CYH</a>) fell 27.3% to $2.9350 after the company reported fourth-quarter financial results.</li>
<li>Palo Alto Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>) shares dipped 26.2% to $270.29 after the company issued third-quarter guidance below estimates.</li>
<li>Teladoc Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdoc#NYSE">TDOC</a>) shares fell 25.3% to $15.31 after the company reported mixed fourth-quarter financial results and issued weak guidance.</li>
<li>Unisys Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uis#NYSE">UIS</a>) fell 24.5% to $5.88 after the company reported quarterly financial results.</li>
<li>Pop Culture Group Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cpop#NASDAQ">CPOP</a>) fell 21.3% to $5.66 after jumping 171% on Tuesday.</li>
<li>Amplitude, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ampl#NASDAQ">AMPL</a>) fell 16.6% to $11.73 after the company reported mixed fourth-quarter financial results and issued weak guidance.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) shares fell 15.7% to $71.20 after the company reported mixed fourth-quarter financial results.</li>
<li>Matterport, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mttr#NASDAQ">MTTR</a>) shares fell 15.4% to $2.1450 after the company posted weak quarterly sales and issued downbeat forecast.</li>
<li>Zscaler, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zs#NASDAQ">ZS</a>) fell 14.8% to $212.15.</li>
<li>Medifast, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/med#NYSE">MED</a>) declined 14.3% to $41.95 after the company issued weak guidance.</li>
<li>Avinger, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgr#NASDAQ">AVGR</a>) shares fell 14.3% to $4.57 after surging 83% on Tuesday.</li>
<li>Photronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plab#NASDAQ">PLAB</a>) fell 13% to $27.17 after the company reported first-quarter financial results below estimates.</li>
<li>Workiva Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wk#NYSE">WK</a>) fell 12.3% to $82.55 following quarterly results.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) fell 11.4% to $0.5582.</li>
<li>Biofrontera Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfri#NASDAQ">BFRI</a>) shares fell 6.1% to $1.0794. Biofrontera shares jumped 53% on Tuesday after the company announced a private placement of up to $16 million priced at the market per Nasdaq rules.</li>
<li>Sprout Social, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spt#NASDAQ">SPT</a>) shares declined 5.4% to $61.01 after the company reported fourth-quarter financial results and issued guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37237721/bitcoin-falls-below-51-000-starknet-becomes-top-loser"> Bitcoin Falls Below $51,000; Starknet Becomes Top Loser</a>

Why International Flavors & Fragrances Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Workiva shares are trading lower after the company reported Q4 financial results and issued guidance.

BMO Capital has decided to maintain its Outperform rating of Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) and lower its price target from $123.00 to $113.00.
Shares of Workiva are trading down 6.57% over the last 24 hours, at $88.00 per share.
A move to $113.00 would account for a 28.41% increase from the current share price.
<h3>About Workiva</h3>
Workiva Inc is a cloud-native platform that simplifies the complexities of reporting and compliance. Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications. Customers use the platform to create, review and publish data-linked documents and reports with greater control, consistency, accuracy, and productivity and it is also used for SEC Filings. The firm derives its revenue in the form of subscription and support fees and the remainder from professional services.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BMO Capital Maintains Outperform Rating for Workiva: Here's What You Need To Know

Wall Street remains subdued following Tuesday&#8217;s sell-off, primarily driven by small-cap and tech stocks. All eyes are now on&nbsp;Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;<a target="_blank" href="https://benzinga.com/2024/02/20/nvidias-earnings-around-the-corner-can-ai-stalwart-bulldoze-its-way-to-another-superlative-quarterly-performance/" rel="noreferrer noopener">fourth-quarter earnings report</a>, scheduled for after the closing bell.
Given the crucial nature of this event, caution is likely to be the predominant sentiment with investors anxiously awaiting Nvidia&#8217;s performance. This anticipation is further amplified by the uncertainty surrounding its ability to meet the lofty expectations placed upon it.
Adding to the market&#8217;s concerns are upcoming speeches by Federal Reserve officials and, more importantly, the Fed minutes. Both pronouncements hold the potential to shed light on the future trajectory of interest rates, another significant factor influencing investor sentiment.
Cues From Tuesday&#8217;s Trading:
Three key developments weighed down the markets on Tuesday:
<ul>
<li>Mixed retail earnings:&nbsp;Performance reports from retailers painted a mixed picture, leaving investors unsure about the health of the consumer sector.</li>
<li>Nvidia anxiety:&nbsp;Apprehension mounted regarding Nvidia&#8217;s ability to live up to the high expectations set for its upcoming earnings report.</li>
<li>Leading economic index decline:&nbsp;The Conference Board&#8217;s leading economic index experienced a larger-than-anticipated drop, raising concerns about future economic growth.</li>
</ul>
These factors contributed to a negative market atmosphere, pushing major averages down:
<ul>
<li>Tech-heavy Nasdaq and S&amp;P 500:&nbsp;Both opened lower and remained below the flatline throughout the session. The S&amp;P 500 even dipped below the psychological barrier of 5,000.</li>
<li>Dow:&nbsp;The Dow experienced some morning volatility but ultimately closed lower.</li>
<li>Small-caps:&nbsp;The Russell 2000 underperformed, dropping 1.41%.</li>
<li>Sectors:&nbsp;Only consumer staples, led by Walmart&#8217;s positive results, managed to escape the overall decline. Conversely, IT and consumer discretionary stocks took the biggest hits.</li>
</ul>
 US Index Performance On Tuesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.92%</td>
<td>15,630.78</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.60%</td>
<td>4,975.51</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.17%</td>
<td>38,563.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.41%</td>
<td>2,004.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
The biggest risk for the market is the Fed, according to Fund Strat&#8217;s Tom Lee. The market needs to broaden for the sustenance of the rally and it&#8217;s going to broaden when interest-rate cuts begin to be priced in and investors begin to think about the roadmap, Lee <a href="https://twitter.com/LastCallCNBC/status/1760095988050506123">said</a> in a CNBC interview.
&#8220;If inflationary pressures don&#8217;t ease and the Fed starts to sort of second guess that, I think it puts a lot of pressure on stocks,&#8221; he said.
Although the probability of a Fed rate hike is very low if the market begins to price that in, it would put pressure on stocks, he added.
Futures Today
 Futures Performance On Wednesday (as of 6:46 am ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.46%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.21%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.18%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.47%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.26% to $498.20 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) 0.39% to $428.91, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
Atlanta Fed President Raphael Bostic is scheduled to give the welcoming remarks at the Airports Council International CFO Summit hosted by the Regional Economic Information Network of the regional Fed bank at 8 a.m. ET.
Richmond Fed President Thomas Barkin is scheduled to give a radio interview at 9:10 a.m. ET.
Fed Governor Michelle Bowman will make a public appearance at 1 p.m. ET.
The Treasury will auction 20-year bonds at 1 p.m. ET.
The Fed is due to release the minutes of the January rate-setting meeting of the Federal Open Market Committee at 2 p.m. ET. At the meeting, the central bank opted to leave the Fed funds rate unchanged at a 22-year high of 5.25%-5.50% for a fourth straight time. Chair Jerome Powell, however, spooked investors by adopting a hawkish tone in the post-meeting press conference. Traders will likely want to sift through the minutes to gain better clarity on the interest rate outlook.
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Palo Alto Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) fell over 22.50% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the release of the cybersecurity company&#8217;s earnings report. Other cybersecurity plays such as Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) and CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) moved sharply lower in sympathy.</li>
<li>Other stocks moving lower in earnings reactions are Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) (down over 2%), La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) (down over 8.50%), Matterport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NASDAQ">MTTR</a>) (down over 14%), Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) (up over 2%), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) (down about 6.70%) and Workiva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) (down over 3.50%).</li>
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) and Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) are among the notable companies reporting <a href="https://www.benzinga.com/calendars/earnings">earnings ahead of the market open.</a></li>
<li>Those reporting after the close include The Cheesecake Factory Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Fidelity National Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>), Exact Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Host Hotels &amp; Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), Nordson Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), Nvidia, Sturm, Ruger &amp; Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGR#NYSE">RGR</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) and Sunrun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NYSE">RUN</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures fell 0.42% to $76,72 in early European session on Wednesday after the commodity fell by 1.13% on Tuesday. The benchmark 10-year Treasury note slipped 0.004 percentage points at 4.271%. 
Most Asian markets retreated on Wednesday ahead of some key U.S. catalysts, although the Chinese and Hong Kong markets posted strong gains as domestic traders began to bake in stimulatory measures from authorities. The New Zealand market rose modestly for the day. 
European stocks showed cautious optimism by late-morning trading.
Read Next: <a href="https://www.benzinga.com/news/treasuries/24/02/37227285/government-debt-exceeds-120-of-gdp-why-former-imf-economist-very-worried-about-us-fiscal-crisis">Government Debt Exceeds 120% Of GDP: Why Former IMF Economist &#8216;Very Worried&#8217; About US Fiscal Crisis</a>

Workiva Expects Full Year 2024 Total Revenue Of $718M-$722M (Est $731.727M), Adj EPS Of 0.56-$0.63 (Est $0.80)

Workiva Inc. 2024 Q2 - Results - Earnings Call Presentation

Goldman Sachs analyst Adam Hotchkiss has maintained their bullish stance on WK stock, giving a Buy rating today. Adam Hotchkiss has given his Buy r...

Buy Rating Affirmed for Workiva on Strong Revenue and Raised Guidance Amidst Growing ESG Demand

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Belden (BDC – Research Report), Workiva (WK – Resear...

Analysts Are Bullish on These Technology Stocks: Belden (BDC), Workiva (WK)

In a report released today, Brad Reback from Stifel Nicolaus maintained a Hold rating on Workiva (WK – Research Report), with a price target of $85...

Stifel Nicolaus Remains a Hold on Workiva (WK)

Warning: WK is at high risk of performing badly

Goldman Sachs analyst Adam Hotchkiss reiterated a Buy rating on Workiva (WK – Research Report) yesterday and set a price target of $115.00. Adam Ho...

Buy Rating Affirmed for Workiva on Strategic Growth and ESG Market Positioning

William Blair analyst Jake Roberge has maintained their bullish stance on WK stock, giving a Buy rating yesterday. Jake Roberge has given his Buy r...

Workiva's Growth Prospects Bolstered by ESG Momentum and Regulatory Tailwinds: A Buy Rating Overview

Northland Securities analyst Michael Grondahl reiterated a Buy rating on Workiva (WK – Research Report) today and set a price target of $95.00. The...

Northland Securities Sticks to Its Buy Rating for Workiva (WK)

Robert Oliver, an analyst from Robert W. Baird, reiterated the Buy rating on Workiva (WK – Research Report). The associated price target remains th...

Buy Rating Affirmed for Workiva Amidst Growth Potential and Strategic Expansion

Press Releases

Workiva Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

New SEC Climate Disclosure Rule Brings Required Transparency to Sustainability Data

Workiva Inc. Sets Date for First Quarter 2024 Financial Release and Conference Call

Sustainability Regulation Propelling Transformation in Corporate Reporting, According to New Survey by Workiva

Workiva Inc. Announces First Quarter 2024 Financial Results

Workiva Inc. to Participate in Upcoming Investor Conferences

Introducing Workiva Carbon

CrossCountry Consulting Announces Strategic Partnership with Workiva to Streamline Financial Reporting

Workiva Inc. Sets Date for Second Quarter 2024 Financial Release and Conference Call

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Workiva

Workiva (WK) Forecast

Workiva (NYSE:WK) Stock, Quote.Headers.trade-ideas