Cornerstone OnDemand, Inc. (CSOD) to Release Quarterly Earnings on Wednesday
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.10 per share for the quarter.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data 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 company had revenue of $116.70 million during the quarter, compared to the consensus estimate of $117.00 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts expect Cornerstone OnDemand to post $-0.69 EPS for the current fiscal year and $-0.44 EPS for the next fiscal year.
Shares of Cornerstone OnDemand, Inc. (CSOD) opened at 39.58 on Wednesday. The company’s market cap is $2.28 billion. Cornerstone OnDemand, Inc. has a 12 month low of $30.31 and a 12 month high of $44.25. The firm has a 50-day moving average of $38.92 and a 200 day moving average of $37.53.
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Several equities analysts have issued reports on CSOD shares. Needham & Company LLC upgraded shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research note on Friday, July 14th. BidaskClub cut shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Credit Suisse Group upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and upped their target price for the company from $43.00 to $49.00 in a research note on Wednesday, July 19th. Piper Jaffray Companies restated an “overweight” rating and set a $46.00 target price (down previously from $50.00) on shares of Cornerstone OnDemand in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Two equities 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 company. Cornerstone OnDemand presently has a consensus rating of “Hold” and an average target price of $43.42.
In related news, Director R C. Mark Baker sold 1,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $34.12, for a total value of $34,120.00. Following the completion of the sale, the director now directly owns 23,850 shares of the company’s stock, valued at approximately $813,762. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam L. Miller sold 30,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $40.69, for a total transaction of $1,220,700.00. Following the completion of the sale, the chief executive officer now directly owns 3,551,070 shares of the company’s stock, valued at $144,493,038.30. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock worth $2,650,160 in the last quarter. Company insiders own 12.60% of the company’s stock.
Cornerstone OnDemand Company Profile
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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