Workday climbs 2% as Silver Lake buyout talks continue
Workday shares rose 1.97% to $201.84 on Wednesday, extending gains from the prior session's 18% surge on news that Silver Lake is in talks to acquire the software maker in a deal valuing it near $51.1 billion. The stock now sits 17.4% below its 52-week high of $244.26, a gap that buyout negotiations could close. Workday's Alpha Score of 47.4 reflects strong momentum (60.4) and quality (70.7) but weak value (25.5). The company trades at 39.56 times earnings, a premium that the Silver Lake bid would justify if consummated. Revenue grew 13.4% year-over-year, while EPS surged 127.9% on expanding net margins of 12.3%. Watch for deal terms or a competing bid in the coming weeks.