Cornerstone OnDemand, Inc. (CSOD) Expected to Post Earnings of $0.20 Per Share

Equities research analysts expect that Cornerstone OnDemand, Inc. (NASDAQ:CSOD) will announce earnings per share of $0.20 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cornerstone OnDemand’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.15. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Cornerstone OnDemand will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.45. For the next financial year, analysts anticipate that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.48 to $0.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Cornerstone OnDemand.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $121.80 million for the quarter, compared to analyst estimates of $118.95 million. Cornerstone OnDemand had a negative net margin of 15.45% and a negative return on equity of 173.27%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share.

Several research firms recently commented on CSOD. Barclays raised their price target on shares of Cornerstone OnDemand from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. upgraded shares of Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research report on Wednesday, November 8th. B. Riley dropped their price target on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, KeyCorp restated a “hold” rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Cornerstone OnDemand presently has a consensus rating of “Hold” and an average price target of $42.75.

In other news, Director R C. Mark Baker sold 2,000 shares of the firm’s 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. Following the transaction, the director now directly owns 25,850 shares of the company’s stock, valued at $1,030,898. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director R C. Mark Baker sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $34.81, for a total transaction of $104,430.00. Following the completion of the transaction, the director now directly owns 24,850 shares in the company, valued at $865,028.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,000 shares of company stock worth $295,040. Insiders own 12.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Cornerstone OnDemand by 0.9% during the second quarter. Vanguard Group Inc. now owns 4,267,865 shares of the software maker’s stock worth $152,575,000 after purchasing an additional 37,652 shares during the period. Eagle Asset Management Inc. raised its stake in Cornerstone OnDemand by 4.7% during the third quarter. Eagle Asset Management Inc. now owns 2,222,813 shares of the software maker’s stock worth $90,601,000 after purchasing an additional 98,856 shares during the period. First Trust Advisors LP raised its stake in Cornerstone OnDemand by 0.6% during the third quarter. First Trust Advisors LP now owns 1,548,109 shares of the software maker’s stock worth $62,869,000 after purchasing an additional 9,874 shares during the period. Alyeska Investment Group L.P. raised its stake in Cornerstone OnDemand by 116.7% during the third quarter. Alyeska Investment Group L.P. now owns 1,027,302 shares of the software maker’s stock worth $41,719,000 after purchasing an additional 553,191 shares during the period. Finally, State Street Corp increased its position in shares of Cornerstone OnDemand by 6.0% during the second quarter. State Street Corp now owns 993,704 shares of the software maker’s stock valued at $35,529,000 after acquiring an additional 56,464 shares during the last quarter. 95.76% of the stock is currently owned by institutional investors.

Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at $37.38 on Friday. The company has a market cap of $2,104.14, a price-to-earnings ratio of -29.90 and a beta of 0.50. Cornerstone OnDemand has a 52-week low of $33.24 and a 52-week high of $44.25.

Cornerstone OnDemand declared that its board has authorized a stock buyback program on Wednesday, November 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

WARNING: “Cornerstone OnDemand, Inc. (CSOD) Expected to Post Earnings of $0.20 Per Share” was published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/06/cornerstone-ondemand-inc-csod-expected-to-post-earnings-of-0-20-per-share.html.

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.

Get a free copy of the Zacks research report on Cornerstone OnDemand (CSOD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cornerstone OnDemand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply