Workiva Inc. (WK) Appoints Astha Malik to Its Board of Directors
Workiva Inc. (NYSE:WK) is one of the 11 Best Tech Stocks to Buy On the Dip. On May 29, Workiva Inc. (NYSE:WK) announced the appointment of Astha Malik, Chief Business Officer of Braze, to its board of directors. Malik brings 25 years of experience in driving growth and scaling high-growth SaaS companies.
The company also released its Q1 2025 results on May 1. The revenue of $206 million grew 17% year-over-year driven by a 20% increase in subscription and support revenue. Both of these financial indicators surpass management's guidance despite a challenging environment characterized by a cautious buying environment and flat professional services revenue.
A software engineer debugging a compliance code on a laptop in a modern office setting.
After the earnings release, analyst Alexander Sklar from Raymond James maintained an Overweight rating on Workiva Inc. (NYSE:WK) lowering the price target from $125 to $105. The analyst noted the company showed strong bookings in Q1 however, the tough macroeconomic environment led to a conservative outlook by Raymond James. Regardless, Workiva Inc. (NYSE:WK) maintained its full-year revenue guidance at $864 million to $868 million.
Workiva Inc. (NYSE:WK) is a technology company that operates a cloud-based platform that enables organizations to streamline and automate financial, sustainability, and compliance reporting processes. Its SaaS platform combines ERP, HCM, and CRM applications, supporting real-time collaboration and integrated reporting across teams.
While we acknowledge the potential of WK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
Melden Sie sich an, um Ihr Portfolio aufzurufen.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
JetBlue is pulling out of the Miami airport, but will remain at FLL. See details
JetBlue Airways will halt service at Miami International Airport, the airline said on Saturday. The Long Island City-based carrier cited poor financial performance. JetBlue has a small footprint at MIA, with one or two daily flights between MIA and Boston. But 'to free aircraft for new routes, we've recently made the decision to end a small number of unprofitable flights including between Boston and Miami,' Derek Dombrowski, director of corporate communications, said in an email statement sent to the Miami Herald. The changes are effective Sept. 3, he said. Travelers booked on cancelled flights 'will have the option to fly via Fort Lauderdale or receive a full refund to their original form of payment,' Dombrowski said. The move was a business decision. 'We continually evaluate how our network is performing and make changes as needed,' Dombrowski said. JetBlue informed MIA of the changes on Friday, Greg Chin, communications director for Miami-Dade Aviation Department, said in a phone call with the Miami Herald on Saturday. He didn't elaborate on other details. JetBlue will continue to fly to Boston from nearby Fort Lauderdale-Hollywood International Airport as well as West Palm Beach, Dombrowski said. The airline has a strong presence at FLL. In 2024, JetBlue served about 6.8 million passengers at FLL, down 2.1% from 2023 but still the second largest carrier at that airport, only behind Spirit. It carried 19% of all travelers to and from the Broward County airport. This year, JetBlue remains FLL's second largest carrier. Through April 30, the airline had 2.2 million passengers, even though that's down 6% from the same period in 2024. In 2021, to make a larger bet on South Florida as the COVID-19 pandemic was still in full force, JetBlue expanded at MIA, adding as many as 14 daily flights, including as many as four times a day to Boston. The airline also added direct flights between MIA and New York-JFK, Newark, Los Angeles and Hartford. Since then, JetBlue has scaled back service in Miami due to falling demand. It was also slowed down by the 2024 ruling of a federal judge in Massachusetts that blocked an attempted merger with Broward-based Spirit, citing anti-competitive laws. On Saturday, JetBlue had a total of two arrivals at MIA, each one from Boston, according to the airport's flight tracker. And it had one departure, also to Boston.
Bloomberg
33 minutes ago
- Bloomberg
Fred Smith, Who Transformed Parcel Delivery by Founding FedEx, Dies at 80
Fred Smith, who transformed the parcel shipping industry by risking his family's fortune to found FedEx Corp. in 1971, has died. He was 80. 'It is with profound sadness and a heavy heart that I share that Frederick W. Smith, our founder and executive chairman, died earlier today,' Chief Executive Officer Raj Subramaniam wrote on the company's website.
Yahoo
38 minutes ago
- Yahoo
CAPITOL ROUNDUP: State officials highlight vital role SNAP plays in supporting the economy
Jun. 22—WILKES-BARRE — Pennsylvania Department of Human Services Secretary Val Arkoosh and Pennsylvania Department of Agriculture Secretary Russell Redding joined leadership from Feeding Pennsylvania and the Central PA Food Bank this week to discuss the importance of the Supplemental Nutrition Assistance Program. The discussions come amid federal proposals that would take food assistance away from at least 140,000 Pennsylvanians and significantly alter the program, costing the state over $1 billion more annually and jeopardizing the program's sustainability. Governor Josh Shapiro has made clear that Pennsylvania cannot backfill these costs. While SNAP helps nearly two million people in all communities of our Commonwealth purchase food for themselves and their families, SNAP participation rates are higher in rural areas than in urban or suburban areas. Children and older adults represent more than half of Pennsylvanians helped by the SNAP program, and the program also allows lower-income working families and people with disabilities to keep food on their tables. "SNAP helps people meet one of our most essential needs — allowing them to participate fully in work and school and live healthier," said Arkoosh. "Should these proposals to change SNAP become law, vulnerable children, people with disabilities, older Pennsylvanians, and many others would see their access to food at risk and will further destabilize our agricultural economy and workforce during a tumultuous time." Every month, SNAP brings more than $365 million in cash benefits that can only be used on food — supporting local businesses, food producers, and Pennsylvania's agricultural economy. "Farmers receive nearly a quarter of every dollar Pennsylvania families spend on groceries, whether those dollars are from SNAP or any other source," Redding said. "Most of Pennsylvania's 48,800 farms are family-run. Losing SNAP dollars would hit Pennsylvania's farm families as well as the families of the 12,000 people working in the grocery industry whose jobs are directly supported by monthly SNAP spending." Congress is currently in the midst of a budget reconciliation process that is seeking to make major cuts to federal programs — primarily Medicaid and SNAP. The bill still needs to pass the U.S. Senate and be signed into law, so there are currently no changes to SNAP. Rep. Meuser co-sponsors SAFE Cities Act U.S. Rep. Dan Meuser, R-Dallas, co-sponsored H.R. 3894 — the Stop Anarchists From Endangering (SAFE) Cities Act — this week. The legislation would ensure federal resources support jurisdictions that maintain law and order and take reasonable steps to protect their residents. The SAFE Cities Act directs the Attorney General to identify "anarchist jurisdictions" — defined as state or local governments that prevent law enforcement from restoring order, reject federal assistance, defund or disempower their police, or otherwise fail to respond to widespread violence and property destruction. Jurisdictions identified as such would face restrictions on certain categories of federal funding. The legislation codifies a Presidential Memorandum issued by President Trump during his first term to restrict federal funding from jurisdictions that tolerate lawlessness and undermine public safety. Meuser said this legislation was introduced following recent incidents in Los Angeles where protests against federal immigration enforcement escalated into violent riots. Demonstrators attacked federal law enforcement officers with rocks and Molotov cocktails, vandalized federal buildings, set vehicles ablaze and attempted to obstruct immigration enforcement efforts. To restore order in Los Angeles, Meuser said President Trump authorized the deployment of National Guard troops. Despite these efforts to restore public safety, California Gov. Gavin Newsom filed a lawsuit to end the federalization of the National Guard. "The SAFE Cities Act is a crucial piece of legislation that puts the safety and security of our communities first," said Rep. Meuser. "We cannot allow public safety to take a backseat to political ideology. This bill ensures federal support goes to communities that protect their citizens, support their law enforcement, and take appropriate action in the face of violence. Our constituents — and the law enforcement officers who serve them — deserve no less." This bill was referred to the House Judiciary Committee for consideration. Bipartisan resolution condemns antisemitic violence U.S. Sen. Dave McCormick, R-Pittsburgh, and U.S. Sen. John Fetterman, D-Braddock, introduced S. Res. 288 this week. The bipartisan resolution condemns the horrific rise in violent antisemitic attacks across the country. Citing the attempted murder in Boulder, Colorado, the arson attack on the Pennsylvania Governor's residence, and the tragic murder of two Israeli embassy staffers outside the Capitol Jewish Museum, Sen. McCormick and Sen. Fetterman, along with 34 of their colleagues, remain unified in denouncing anti-Jewish hatred. "Antisemitism has no place is America," said McCormick. "Since October 7, 2023, the Jewish community has faced unprecedented and persistent antisemitic hate and violence. This hatred cannot stand. Living in Squirrel Hill, right around the corner from the site of the devastating Tree of Life Synagogue attack in 2018, really brings this issue home for me. Protecting my friends and neighbors, and all Jewish people across the country, must be a national priority." "Amid a despicable rise in antisemitism, we are starkly reminded that silence is complicity," said Fetterman. "These appalling attacks on our Jewish communities are not isolated events. After 11 lives were stolen at the Tree of Life massacre in 2018, I've felt an even stronger moral obligation to confront antisemitism wherever it appears and stand united against hate." U.S. Rep. Jeff Van Drew (R-NJ) introduced the House of Representatives companion to this resolution. Reach Bill O'Boyle at 570-991-6118 or on Twitter @TLBillOBoyle.
