$0.10 Earnings Per Share Expected for Cornerstone OnDemand, Inc. (CSOD) This Quarter
Equities research analysts expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to announce $0.10 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Cornerstone OnDemand’s earnings, with estimates ranging from $0.09 to $0.12. Cornerstone OnDemand reported earnings of $0.11 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9.1%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that Cornerstone OnDemand will report full-year earnings of $0.39 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.44. For the next financial year, analysts anticipate that the business will report earnings of $0.76 per share, with EPS estimates ranging from $0.54 to $0.86. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cornerstone OnDemand.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.09). The firm had revenue of $116.70 million for the quarter, compared to analysts’ expectations of $117.00 million. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 182.51%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year.
Several research firms recently issued reports on CSOD. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Cornerstone OnDemand in a report on Thursday, August 3rd. B. Riley restated a “buy” rating and set a $47.00 price target on shares of Cornerstone OnDemand in a report on Friday, August 4th. Zacks Investment Research downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Piper Jaffray Companies restated an “overweight” rating and set a $46.00 price target (down previously from $50.00) on shares of Cornerstone OnDemand in a report on Friday, August 4th. Finally, BidaskClub upgraded Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.42.
In other news, Director R C. Mark Baker sold 1,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.12, for a total value of $34,120.00. Following the transaction, the director now owns 23,850 shares in the company, valued at approximately $813,762. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R C. Mark Baker sold 2,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $39.88, for a total value of $79,760.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,000 shares of company stock worth $2,650,160. Company insiders own 12.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CSOD. Karp Capital Management Corp purchased a new position in shares of Cornerstone OnDemand in the 1st quarter valued at about $355,000. Prudential Financial Inc. acquired a new stake in shares of Cornerstone OnDemand in the 1st quarter valued at about $405,000. American International Group Inc. boosted its position in shares of Cornerstone OnDemand by 5.3% in the 1st quarter. American International Group Inc. now owns 30,490 shares of the software maker’s stock valued at $1,186,000 after purchasing an additional 1,531 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Cornerstone OnDemand by 7.1% in the 1st quarter. Neuberger Berman Group LLC now owns 7,685 shares of the software maker’s stock valued at $299,000 after purchasing an additional 508 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Cornerstone OnDemand by 13.4% in the 1st quarter. Alliancebernstein L.P. now owns 136,600 shares of the software maker’s stock valued at $5,312,000 after purchasing an additional 16,090 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.
Cornerstone OnDemand (CSOD) opened at 39.58 on Wednesday. Cornerstone OnDemand has a 52 week low of $30.31 and a 52 week high of $44.25. The stock’s market cap is $2.28 billion. The stock’s 50 day moving average price is $38.92 and its 200 day moving average price is $37.53.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.
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