Cornerstone OnDemand (CSOD) Scheduled to Post Quarterly Earnings on Wednesday

Cornerstone OnDemand (NASDAQ:CSOD) will be posting its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect Cornerstone OnDemand to post earnings of ($0.11) per share for the quarter.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%. The business had revenue of $132.52 million during the quarter, compared to analysts’ expectations of $128.33 million. On average, analysts expect Cornerstone OnDemand to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:CSOD opened at $47.92 on Wednesday. Cornerstone OnDemand has a 52 week low of $33.57 and a 52 week high of $59.18. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -68.46 and a beta of 0.86. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.34 and a quick ratio of 1.34.



In related news, Director Harold W. Burlingame sold 1,552 shares of Cornerstone OnDemand stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $50.86, for a total transaction of $78,934.72. Following the completion of the transaction, the director now directly owns 53,326 shares of the company’s stock, valued at approximately $2,712,160.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam L. Miller sold 8,000 shares of Cornerstone OnDemand stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $51.44, for a total transaction of $411,520.00. Following the transaction, the chief executive officer now directly owns 3,337,834 shares of the company’s stock, valued at $171,698,180.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,658 shares of company stock valued at $7,119,497. 11.70% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Cornerstone OnDemand from $33.00 to $38.00 and gave the stock an “underweight” rating in a research note on Thursday, July 12th. Zacks Investment Research cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine cut shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. BidaskClub raised shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Finally, Piper Jaffray Companies raised shares of Cornerstone OnDemand from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $46.00 to $60.00 in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand has an average rating of “Hold” and a consensus price target of $56.09.

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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