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.
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.
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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