Forecast for Workday’s Stock: Cloudy

Workday has established a good record of getting the job done. But promotions don’t come easy when you are already at the top of the heap.

Since going public a little over three years ago, Workday has consistently beaten Wall Street’s quarterly targets. There is little doubt the cloud-software company can do so again on Tuesday when it posts fiscal first-quarter results. Analysts expect Workday’s revenue to grow 35% year over year...