As U.S. stock markets close today for Thanksgiving and close early on Friday, Nov. 28, investors have three stocks to consider.
Shares of Zscaler (ZS) lost 13.03% on Wednesday, November 26, after reporting fiscal Q1 results. Non-GAAP EPS of $0.96 beat estimates by 10 cents. Revenue increased by 25.5% Y/Y to $788.11 million. In Q2, the tech firm is forecasting revenue of up to $799 million ($0.90 in non-GAAP EPS).
ZS stock looks attractive at below $250. However, trading below the 200-day simple moving average, the sell-off might continue into the $220 - $240 range.
Workday (WDAY) lost 7.85% to close at $215.34. The stock is expensive on a P/E measure at 90.3 times. However, growth, profitability, and positive analyst EPS revisions are attractive. Selling pressure grew after analysts voiced concerns about the current remaining performance obligations growth. The firm depended on mergers and acquisitions for such growth.
Workday is growing its cash, subscription revenue, and returning it to shareholders through a stock buyback.
Deere (DE) paused from its breakout by closing below $450. The stock closed at $469.87, dipping by 5.67% after posting Q4 GAAP EPS of $3.93. Revenue grew by 11.2% Y/Y to $12.39 billion. The firm is likely issuing too conservative guidance. DE stock offers strong profitability at fair prices.
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