Cornerstone OnDemand (CSOD) Getting Somewhat Positive News Coverage, Study Finds
News articles about Cornerstone OnDemand (NASDAQ:CSOD) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cornerstone OnDemand earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 46.2616348676395 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Cornerstone OnDemand Named as a Leader in the 2018 NelsonHall NEAT Next Generation HCM Technology Vendor Evaluation (finance.yahoo.com)
- Cornerstone OnDemand Expected to Earn Q4 2019 Earnings of $0.06 Per Share (CSOD) (americanbankingnews.com)
- Cornerstone OnDemand (CSOD) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Cornerstone OnDemand (CSOD) Price Target Increased to $52.00 by Analysts at B. Riley (americanbankingnews.com)
A number of research analysts recently issued reports on CSOD shares. William Blair reaffirmed a “market perform” rating on shares of Cornerstone OnDemand in a report on Wednesday, February 14th. Credit Suisse Group lifted their target price on Cornerstone OnDemand from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, March 14th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $46.00 target price on shares of Cornerstone OnDemand in a report on Thursday, March 15th. JMP Securities lifted their target price on Cornerstone OnDemand from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 9th. Finally, Zacks Investment Research raised Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Monday, May 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Cornerstone OnDemand presently has an average rating of “Buy” and an average price target of $49.89.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, May 8th. The software maker reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.08. Cornerstone OnDemand had a negative return on equity of 119.83% and a negative net margin of 12.18%. The business had revenue of $133.11 million during the quarter, compared to analyst estimates of $126.95 million. During the same quarter last year, the company posted $0.08 EPS. Cornerstone OnDemand’s revenue for the quarter was up 19.3% on a year-over-year basis. research analysts expect that Cornerstone OnDemand will post -0.28 EPS for the current fiscal year.
In related news, CEO Adam L. Miller sold 6,000 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $48.26, for a total value of $289,560.00. Following the completion of the transaction, the chief executive officer now owns 3,490,268 shares in the company, valued at approximately $168,440,333.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian L. Swartz sold 15,862 shares of the stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $44.94, for a total value of $712,838.28. Following the completion of the transaction, the chief financial officer now owns 179,079 shares of the company’s stock, valued at approximately $8,047,810.26. The disclosure for this sale can be found here. Insiders sold a total of 90,422 shares of company stock valued at $4,012,598 in the last quarter. 11.70% of the stock is currently owned by corporate insiders.
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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