Equities research analysts expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to post earnings per share (EPS) of $0.20 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cornerstone OnDemand’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.23. The business is expected to report its next quarterly earnings results on Monday, February 12th.
On average, 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 $0.44. For the next fiscal year, analysts forecast that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.43 to $0.94. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Cornerstone OnDemand.
Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings results on Wednesday, November 8th. The software maker reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Cornerstone OnDemand had a negative net margin of 15.45% and a negative return on equity of 173.27%. The company had revenue of $121.80 million during the quarter, compared to analysts’ expectations of $118.95 million. During the same quarter last year, the business earned $0.11 EPS. The business’s revenue was up 13.0% on a year-over-year basis.
CSOD has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Piper Jaffray Companies cut shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Thursday, November 9th. KeyCorp reiterated a “hold” rating on shares of Cornerstone OnDemand in a research note on Thursday, November 9th. BidaskClub upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Credit Suisse Group AG upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and raised their target price for the company from $43.00 to $49.00 in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.56.
In other news, CEO Adam L. Miller sold 24,000 shares of Cornerstone OnDemand stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $41.28, for a total transaction of $990,720.00. Following the completion of the sale, the chief executive officer now directly owns 3,539,587 shares in the company, valued at $146,114,151.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director R C. Mark Baker sold 2,000 shares of Cornerstone OnDemand stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $39.88, for a total transaction of $79,760.00. Following the sale, the director now owns 25,850 shares of the company’s stock, valued at $1,030,898. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $1,429,460. Insiders own 12.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Delta Lloyd Asset Management N.V. purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth about $1,748,000. State of Wisconsin Investment Board grew its holdings in shares of Cornerstone OnDemand by 33.7% during the second quarter. State of Wisconsin Investment Board now owns 59,481 shares of the software maker’s stock worth $2,126,000 after buying an additional 15,000 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth about $3,279,000. Schwab Charles Investment Management Inc. boosted its position in shares of Cornerstone OnDemand by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 221,011 shares of the software maker’s stock worth $7,902,000 after acquiring an additional 14,642 shares during the last quarter. Finally, AHL Partners LLP acquired a new stake in shares of Cornerstone OnDemand in the second quarter worth approximately $255,000. Institutional investors and hedge funds own 91.43% of the company’s stock.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded down $0.59 during midday trading on Tuesday, hitting $34.17. 1,005,900 shares of the company traded hands, compared to its average volume of 636,353. Cornerstone OnDemand has a 12-month low of $32.88 and a 12-month high of $44.25.
Cornerstone OnDemand announced that its Board of Directors has approved a share repurchase program on Wednesday, November 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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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