Emerging ERP vendor Workday (Nasdaq:WDAY)
is one of the most expensive names in the software space today, as
investors are seemingly happy to pay huge multiples for shares in a
company that many believe can seriously challenge large incumbents like Oracle (Nasdaq:ORCL), SAP (NYSE:SAP), and Microsoft (Nasdaq:MSFT).
So long as the company can continue to deliver growth ahead of demand
expectations, the party will most likely continue and it won't surprise
if Workday's shares hit three digits at some point in 2013. That said,
this is a story where valuation leaves no margin for error, so investors
should understand what they're getting into before buying shares.
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http://www.investopedia.com/stock-analysis/082813/workday-surfing-saas-wave-wday-orcl-sap-msft.aspx
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