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THE TECH THAT'S CHANGING HOW WE USE DATA
Today, we're checking in on a fast-growing technology trend...
Regular DailyWealth readers know we're always on the lookout for big, secular trends to invest in. One of the biggest right now is "cloud" technology – a way of storing and sending data over the Internet. It's secure, easy, and cost-effective. And today's company is part of this growing industry...
Workday (WDAY) is a $35 billion cloud-technology giant. It specializes in cloud apps for financial management, payroll services, and analytics. These apps make it easier for businesses to manage important, everyday functions.
And when businesses rely on you to help them be their best, it's a powerful draw... In the most recent quarter, Workday reported sales of more than $743 million, blowing away analyst estimates.
As you can see in today's chart, WDAY shares have ridden the cloud-technology wave to big gains. The stock has more than doubled over the past two years, and it just hit a new all-time high. This tech shift continues to transform our daily lives – and Workday is reaping the benefits...
Source: Investor Place