Media stories about Cornerstone OnDemand (NASDAQ:CSOD) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cornerstone OnDemand earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.0286919104926 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Financial Review: Cornerstone OnDemand (CSOD) vs. Demandware (DWRE) (americanbankingnews.com)
- Contrasting Cornerstone OnDemand (CSOD) and Marin Software (MRIN) (americanbankingnews.com)
- $118.85 Million in Sales Expected for Cornerstone OnDemand, Inc. (NASDAQ:CSOD) This Quarter (americanbankingnews.com)
- Cornerstone OnDemand (CSOD) & Qualys (QLYS) Critical Comparison (americanbankingnews.com)
- Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Closed Well Below Its 50 Day Average (highlightpress.com)
Shares of Cornerstone OnDemand (NASDAQ CSOD) traded up 0.35% during midday trading on Friday, hitting $34.31. 118,381 shares of the company traded hands. Cornerstone OnDemand has a 52 week low of $30.31 and a 52 week high of $47.75. The company has a 50-day moving average price of $37.00 and a 200-day moving average price of $38.49. The stock’s market capitalization is $1.98 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.09. The firm had revenue of $116.70 million for the quarter, compared to the consensus estimate of $117 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The company’s revenue was up 9.1% on a year-over-year basis. Analysts anticipate that Cornerstone OnDemand will post $0.39 earnings per share for the current fiscal year.
A number of brokerages have weighed in on CSOD. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. B. Riley reaffirmed a “buy” rating and set a $47.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Credit Suisse Group reaffirmed a “hold” rating and set a $43.00 target price on shares of Cornerstone OnDemand in a research note on Friday, May 5th. Finally, Wells Fargo & Company began coverage on shares of Cornerstone OnDemand in a research note on Thursday, May 11th. They set a “market perform” rating and a $37.00 target price for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand currently has an average rating of “Hold” and a consensus target price of $44.43.
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In related news, SVP Adam J. Weiss sold 5,786 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $34.46, for a total transaction of $199,385.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R C. Mark Baker sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $36.91, for a total transaction of $36,910.00. Following the transaction, the director now owns 19,000 shares of the company’s stock, valued at approximately $701,290. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,820 shares of company stock valued at $3,517,894. 12.60% of the stock is currently owned by company 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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