Workday Releases Earnings as Software Stocks Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Should l Buy ORCL?
Source: Barron's
- Earnings Report: Workday is set to release its fourth-quarter earnings on Tuesday afternoon.
- Market Context: The earnings come amid a downturn in software stocks and concerns about the impact of artificial intelligence on the industry.
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Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise
34 Analyst Rating
25 Buy
9 Hold
0 Sell
Moderate Buy
Current: 194.590
Low
180.00
Averages
309.59
High
400.00
Current: 194.590
Low
180.00
Averages
309.59
High
400.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Year-to-Date Weakness: Despite the recent uptick, IGV is still down 14% year-to-date, as investor concerns about artificial intelligence potentially eroding market share from software-as-a-service companies persist, leading to fears of a 'SaaSpocalypse.'
- Individual Stock Breakouts: Jason Hunter, a technical strategist at JPMorgan, noted that software stocks are less correlated than semiconductors recently, with several stocks breaking out from multi-week base patterns, including Palo Alto Networks, Oracle, Microsoft, and CrowdStrike.
- Oracle's Strong Performance: Among these stocks, Oracle has been the standout performer, surging over 35.5% in the past month to close at $194.59 on Thursday, nearing levels last seen in January, while Microsoft, after breaking back above $400 in April, closed at $420.77 on Thursday, indicating strong upward momentum.
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- ETF Performance Recovery: The iShares Expanded Tech-Software ETF (IGV) has risen nearly 14% over the past month, rebounding over 4% in April and ending a three-month decline, indicating a gradual restoration of market confidence in the software sector.
- Year-to-Date Weakness: Despite the recent uptick, IGV is still down 14% year-to-date, as investor concerns about artificial intelligence potentially eroding market share from software-as-a-service companies persist, leading to fears of a 'SaaSpocalypse.'
- Individual Stock Breakouts: Jason Hunter, a technical strategist at JPMorgan, noted that software stocks are less correlated than semiconductors recently, with several stocks breaking out from multi-week base patterns, including Palo Alto Networks, Oracle, Microsoft, and CrowdStrike.
- Oracle's Strong Performance: Among these stocks, Oracle has been the standout performer, surging over 35.5% in the past month to close at $194.59 on Thursday, nearing levels last seen in January, while Microsoft, after breaking back above $400 in April, closed at $420.77 on Thursday, indicating strong upward momentum.
See More
Bloom Energy Shares Surge 109.1% Driven by Strategic Partnerships and Strong Earnings
- Strategic Partnership Expansion: Bloom Energy expanded its strategic partnership with Oracle last month, with Oracle planning to acquire up to 2.8 GW of fuel cell systems, starting with a 1.2 GW contract expected to deploy within a year, significantly enhancing Bloom's market position in AI and cloud computing infrastructure.
- Rapid Delivery Capability: The company delivered a fully operational fuel cell system to Oracle in just 55 days last year, more than a month ahead of schedule, ensuring Oracle's power needs for high-load AI data centers and addressing traditional grid bottlenecks.
- Robust Financial Performance: Bloom Energy reported first-quarter revenue of $751.1 million, a 130.4% year-over-year increase, with product revenue soaring 208.4% to $653.3 million, showcasing strong market demand for its advanced fuel cells and solidifying its industry leadership.
- Upgraded Full-Year Outlook: The company raised its 2023 revenue guidance to between $3.4 billion and $3.8 billion, reflecting an 80% year-over-year growth expectation, up from a prior 60% forecast, indicating optimism about future market demand and Bloom Energy's potential in the rapidly growing power solutions market.
See More
Bloom Energy Expands Partnership with Oracle Amidst Record Growth
- Strong Financial Performance: Bloom Energy reported $751.1 million in revenue for Q1, marking a 130.4% year-over-year increase, with product revenue soaring by 208.4% to $653.3 million, highlighting robust demand and growth potential in the hydrogen market.
- Strategic Partnership Expansion: The partnership with Oracle deepens as Oracle plans to acquire up to 2.8 gigawatts of fuel cell systems to support rapid AI and cloud infrastructure development, indicating the reliability and quick deployment capabilities of Bloom's systems in high-load environments.
- Optimistic Market Outlook: Bloom Energy raised its full-year revenue guidance to between $3.4 billion and $3.8 billion, an 80% year-over-year increase, reflecting significant market opportunities with over 100 gigawatts of data center developments expected in the U.S. by 2035.
- Surging Stock Price: Bloom Energy's stock has skyrocketed over 1,600% in the past year, and while its market cap has reached $80 billion with a P/E ratio exceeding 20, investors may want to wait for a pullback before buying, demonstrating high market expectations for future growth.
See More
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- Layoff Charges Expected: Cloudflare anticipates incurring charges between $140 million and $150 million due to layoffs, which will be reflected in Q2 earnings, indicating financial strain during its transformation process.
- Performance Beats Expectations: The company reported adjusted earnings of $0.25 per share for Q1, exceeding the expected $0.23, with revenue rising to $639.8 million from $479.1 million a year prior, showcasing strong market performance amid its AI transition.
- Upgraded Future Outlook: Cloudflare raised its 2026 adjusted earnings guidance to between $1.19 and $1.20 per share, significantly above the previous forecast of $1.11 to $1.12, reflecting management's confidence in future performance despite uncertainties from layoffs.
- Market Sentiment Analysis: While Cloudflare's stock has soared 111% over the past year, investor sentiment appears cautious following the layoff announcement, with some analysts suggesting that the cuts may introduce execution risks that could undermine investor confidence.
See More
U.S. Stock Market Retreats as Oil Prices Surge
- Market Retreat: The S&P 500 Index fell by 0.40%, the Dow Jones Industrial Average by 0.51%, and the Nasdaq 100 by 0.28%, indicating a retreat in market sentiment as rising oil prices weigh on investor confidence and raise concerns about future economic prospects.
- Strong Employment Data: Initial jobless claims in the U.S. rose by 10,000 to 200,000, indicating a stronger labor market than the expected 205,000, while continuing claims unexpectedly fell by 10,000 to a 2.25-year low of 1.766 million, showcasing economic resilience.
- Productivity and Costs: U.S. Q1 nonfarm productivity increased by 0.8%, surpassing expectations of 0.6%, while unit labor costs rose by 2.3%, below the anticipated 2.5%, which may influence future inflation expectations and Fed policy decisions.
- Fed Policy Outlook: Boston Fed President indicated that interest rates should remain at “mildly restrictive” levels, suggesting that if inflation trends worsen significantly, a reassessment of policy would be necessary, with markets pricing in only a 6% chance of a rate cut at the next FOMC meeting.
See More
US Stocks Show Mixed Movement, Tech Stocks Surge
- Tech Stock Surge: Datadog reported Q1 revenue of $1.01 billion, exceeding the consensus of $957.8 million, leading to a stock price increase of over 30%, which boosts overall market sentiment and reflects strong recovery in the tech sector amid high investor expectations for artificial intelligence.
- Stable Labor Market: Initial jobless claims rose by 10,000 to 200,000, lower than the expected 205,000, indicating resilience in the labor market, while continuing claims unexpectedly fell by 10,000 to a 2.25-year low of 1.766 million, further enhancing market confidence.
- Crude Oil Price Decline: WTI crude oil prices fell by more than 4% as markets await updates on a potential US-Iran peace deal that could reopen the Strait of Hormuz, negatively impacting energy producers and leading to widespread declines in related stocks.
- Fed Policy Outlook: Boston Fed President indicated that interest rates should remain at
See More
