Analysts expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report $0.20 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Cornerstone OnDemand’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.15. The business is scheduled to report its next earnings report 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 fiscal year, with EPS estimates ranging from $0.36 to $0.45. For the next fiscal year, analysts expect that the company will report earnings of $0.75 per share, with EPS estimates ranging from $0.48 to $0.94. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Cornerstone OnDemand.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Cornerstone OnDemand had a negative return on equity of 173.27% and a negative net margin of 15.45%. The company had revenue of $121.80 million for the quarter, compared to the consensus estimate of $118.95 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis.
Several research firms have recently commented on CSOD. BidaskClub raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. raised Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. KeyCorp reaffirmed a “hold” rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies downgraded Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand presently has a consensus rating of “Hold” and an average target price of $42.75.
Cornerstone OnDemand (NASDAQ:CSOD) traded up $0.25 during trading on Friday, hitting $38.35. The stock had a trading volume of 552,230 shares, compared to its average volume of 601,533. Cornerstone OnDemand has a 52 week low of $33.24 and a 52 week high of $44.25. The firm has a market capitalization of $2,220.00, a P/E ratio of -30.68 and a beta of 0.50.
Cornerstone OnDemand announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the software maker to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In related news, Director Joseph P. Payne purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $34.32 per share, for a total transaction of $102,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R C. Mark Baker sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $39.88, for a total value of $79,760.00. Following the completion of 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 sold 8,000 shares of company stock valued at $295,040. 12.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of CSOD. Quantbot Technologies LP boosted its stake in shares of Cornerstone OnDemand by 153.2% in the second quarter. Quantbot Technologies LP now owns 2,874 shares of the software maker’s stock valued at $102,000 after buying an additional 1,739 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of 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 during the period. Trexquant Investment LP bought a new stake in shares of Cornerstone OnDemand in the third quarter valued at approximately $230,000. BNP Paribas Arbitrage SA boosted its stake in shares of Cornerstone OnDemand by 530.5% in the second quarter. BNP Paribas Arbitrage SA now owns 6,475 shares of the software maker’s stock valued at $231,000 after buying an additional 5,448 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Cornerstone OnDemand by 8.7% in the second quarter. Amalgamated Bank now owns 6,704 shares of the software maker’s stock valued at $240,000 after buying an additional 535 shares during the period. Institutional investors and hedge funds own 95.76% 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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