Jefferies Slashes Ratings on Four Software Stocks Amid AI Concerns
Jefferies downgraded Workday, DocuSign, Monday.com, and Freshworks to Hold due to AI risks hitting app software hard.
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Workday CEO Shakeup: Co-Founder Aneel Bhusri Returns to Lead AI Push
Workday announces immediate CEO change as co-founder Aneel Bhusri replaces Carl Eschenbach to lead company's AI transformation. Stock drops 5% on news.
ServiceNow Plans $1B+ Acquisition of Identity Security Startup Veza
ServiceNow is close to acquiring Veza for over $1B, aiming to boost its identity security capabilities across users and machine accounts.
Workday Q3 Earnings: Revenue Beat but Guidance Disappoints
Workday reports Q3 2025 earnings with revenue beating estimates but cautious Q4 guidance sends shares down 6% in premarket trading amid demand concerns.
Elliott takes more than $2B stake in Workday, backs direction and leadership
Workday recently received a significant endorsement from activist investor Elliott Management, which has acquired over $2 billion in company shares and praised its leadership and long-term strategy.