Cornerstone OnDemand (CSOD) Announces Earnings Results

Cornerstone OnDemand (NASDAQ:CSOD) issued its earnings results on Wednesday. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05, Briefing.com reports. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. The business had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $130.07 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Cornerstone OnDemand updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

Shares of Cornerstone OnDemand stock traded up $0.44 during trading on Thursday, hitting $51.51. The stock had a trading volume of 1,782,358 shares, compared to its average volume of 524,163. The stock has a market cap of $2.89 billion, a P/E ratio of -73.59 and a beta of 1.05. Cornerstone OnDemand has a 12 month low of $33.57 and a 12 month high of $59.18. The company has a debt-to-equity ratio of 6.50, a quick ratio of 1.34 and a current ratio of 1.34.

A number of equities research analysts have issued reports on the stock. First Analysis set a $69.00 target price on shares of Cornerstone OnDemand and gave the company a “buy” rating in a report on Monday, September 17th. BidaskClub raised shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Barclays boosted their target price on shares of Cornerstone OnDemand from $40.00 to $48.00 and gave the company an “underweight” rating in a report on Friday, September 7th. Zacks Investment Research cut shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Friday, August 10th. Finally, ValuEngine raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Cornerstone OnDemand currently has an average rating of “Hold” and an average price target of $56.73.

In related news, Director Harold W. Burlingame sold 1,552 shares of the company’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $50.86, for a total value of $78,934.72. Following the completion of the transaction, the director now directly owns 53,326 shares in the company, valued at $2,712,160.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harold W. Burlingame sold 1,553 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $53.46, for a total transaction of $83,023.38. Following the completion of the transaction, the director now owns 53,327 shares of the company’s stock, valued at $2,850,861.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,658 shares of company stock worth $7,119,497. Insiders own 11.70% of the company’s stock.

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About Cornerstone OnDemand

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

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Earnings History for Cornerstone OnDemand (NASDAQ:CSOD)

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