Analysts Expect Cornerstone OnDemand (CSOD) Will Announce Earnings of $0.06 Per Share


Wall Street analysts expect Cornerstone OnDemand (NASDAQ:CSOD) to post earnings per share of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Cornerstone OnDemand’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.12. Cornerstone OnDemand posted earnings of $0.08 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, May 8th.


According to Zacks, analysts expect that Cornerstone OnDemand will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.56 to $0.93. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $0.93 to $1.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cornerstone OnDemand.

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Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%. The business had revenue of $131.96 million during the quarter, compared to the consensus estimate of $132.12 million.

A number of analysts recently weighed in on CSOD shares. BidaskClub lowered shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 20th. Bank of America raised shares of Cornerstone OnDemand from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $48.00 in a research report on Monday, January 22nd. Credit Suisse Group increased their price objective on shares of Cornerstone OnDemand from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 14th. Piper Jaffray reissued a “hold” rating and issued a $44.00 price objective on shares of Cornerstone OnDemand in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $55.00 price objective (up from $48.00) on shares of Cornerstone OnDemand in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $44.56.


Cornerstone OnDemand stock opened at $44.32 on Wednesday. The company has a debt-to-equity ratio of 12.89, a quick ratio of 1.21 and a current ratio of 1.21. Cornerstone OnDemand has a 1-year low of $33.24 and a 1-year high of $46.19. The stock has a market capitalization of $2,452.43, a P/E ratio of -63.31 and a beta of 0.58.

In other news, CEO Adam L. Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $40.35, for a total transaction of $242,100.00. Following the transaction, the chief executive officer now directly owns 3,508,268 shares of the company’s stock, valued at $141,558,613.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam J. Weiss sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $45.30, for a total transaction of $181,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,960 shares of company stock worth $4,465,284. Corporate insiders own 12.60% of the company’s stock.


Several large investors have recently modified their holdings of the company. J. Goldman & Co LP purchased a new position in shares of Cornerstone OnDemand during the fourth quarter worth approximately $201,000. MetLife Investment Advisors LLC purchased a new position in shares of Cornerstone OnDemand during the fourth quarter worth approximately $848,000. Tensile Capital Management LLC increased its position in shares of Cornerstone OnDemand by 7.2% during the fourth quarter. Tensile Capital Management LLC now owns 1,636,868 shares of the software maker’s stock worth $57,831,000 after acquiring an additional 109,876 shares during the period. Element Capital Management LLC purchased a new position in shares of Cornerstone OnDemand during the fourth quarter worth approximately $4,099,000. Finally, Millennium Management LLC increased its position in shares of Cornerstone OnDemand by 231.6% during the fourth quarter. Millennium Management LLC now owns 509,737 shares of the software maker’s stock worth $18,009,000 after acquiring an additional 356,032 shares during the period. 97.54% of the stock is currently owned by institutional investors and hedge funds.


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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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