Cornerstone OnDemand (CSOD) Earning Somewhat Favorable Press Coverage, Analysis Shows
Media headlines about Cornerstone OnDemand (NASDAQ:CSOD) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cornerstone OnDemand earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.2653941771307 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
CSOD has been the topic of several recent research reports. Piper Jaffray Companies lowered Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Thursday, November 9th. Zacks Investment Research raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Monday, October 9th. KeyCorp reissued a “hold” rating on shares of Cornerstone OnDemand in a report on Thursday, November 9th. B. Riley decreased their price objective on Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, J P Morgan Chase & Co raised Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.75.
Shares of Cornerstone OnDemand (CSOD) opened at $34.68 on Friday. Cornerstone OnDemand has a fifty-two week low of $33.24 and a fifty-two week high of $44.25.
Cornerstone OnDemand (NASDAQ:CSOD) last posted 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. The business 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 was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. equities research analysts predict that Cornerstone OnDemand will post -0.66 EPS for the current year.
Cornerstone OnDemand declared that its board has approved a stock buyback program on Wednesday, November 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, CEO Adam L. Miller sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $41.28, for a total transaction of $990,720.00. Following the completion of the transaction, the chief executive officer now owns 3,539,587 shares in the company, valued at approximately $146,114,151.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam L. Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $40.81, for a total value of $244,860.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $1,426,190 in the last 90 days. 12.60% of the stock is owned by corporate insiders.
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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