Wall Street brokerages expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report earnings of $0.20 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cornerstone OnDemand’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.15. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, February 13th.
On average, analysts expect that Cornerstone OnDemand will report full-year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.45. For the next financial year, analysts anticipate that the firm will report earnings of $0.75 per share, with EPS estimates ranging from $0.48 to $0.94. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Cornerstone OnDemand.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $121.80 million during the quarter, compared to the consensus estimate of $118.95 million. Cornerstone OnDemand had a negative return on equity of 173.27% and a negative net margin of 15.45%. Cornerstone OnDemand’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share.
Cornerstone OnDemand (NASDAQ CSOD) traded up $0.74 during trading hours on Tuesday, reaching $40.86. The company’s stock had a trading volume of 912,200 shares, compared to its average volume of 538,100. Cornerstone OnDemand has a 52 week low of $33.24 and a 52 week high of $44.25. The company has a market cap of $2,323.00, a P/E ratio of -32.69 and a beta of 0.50.
Cornerstone OnDemand announced that its board has approved a share buyback plan on Wednesday, November 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Director R C. Mark Baker sold 3,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $36.95, for a total value of $110,850.00. Following the completion of the transaction, the director now directly owns 25,850 shares of the company’s stock, valued at approximately $955,157.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.60% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of CSOD. Quantbot Technologies LP boosted its position in shares of Cornerstone OnDemand by 153.2% during the 2nd quarter. Quantbot Technologies LP now owns 2,874 shares of the software maker’s stock worth $102,000 after acquiring an additional 1,739 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Cornerstone OnDemand by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock valued at $163,000 after buying an additional 223 shares in the last quarter. Trexquant Investment LP acquired a new stake in Cornerstone OnDemand in the third quarter valued at approximately $230,000. Amalgamated Bank lifted its holdings in shares of Cornerstone OnDemand by 8.7% during the second quarter. Amalgamated Bank now owns 6,704 shares of the software maker’s stock worth $240,000 after purchasing an additional 535 shares during the period. Finally, AHL Partners LLP acquired a new position in shares of Cornerstone OnDemand during the second quarter worth $255,000. Institutional investors and hedge funds own 93.34% of the company’s stock.
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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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