Cornerstone OnDemand (CSOD) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Cornerstone OnDemand (NASDAQ:CSOD) announced its earnings results on Tuesday. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02, Bloomberg Earnings reports. The business had revenue of $138.25 million during the quarter, compared to the consensus estimate of $129.91 million. Cornerstone OnDemand had a negative net margin of 7.46% and a negative return on equity of 41.67%. Cornerstone OnDemand’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. Cornerstone OnDemand updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.

Shares of Cornerstone OnDemand stock opened at $60.11 on Wednesday. Cornerstone OnDemand has a twelve month low of $37.70 and a twelve month high of $60.19. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 5.29. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -85.87 and a beta of 1.15.

In other Cornerstone OnDemand news, Director Harold W. Burlingame sold 1,552 shares of Cornerstone OnDemand stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $50.75, for a total value of $78,764.00. Following the completion of the sale, the director now owns 53,326 shares in the company, valued at approximately $2,706,294.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam L. Miller sold 4,900 shares of Cornerstone OnDemand stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $48.14, for a total transaction of $235,886.00. Following the completion of the sale, the chief executive officer now owns 3,305,234 shares of the company’s stock, valued at approximately $159,113,964.76. The disclosure for this sale can be found here. Insiders sold a total of 128,757 shares of company stock valued at $6,848,054 in the last quarter. Corporate insiders own 11.70% of the company’s stock.

Several analysts recently commented on CSOD shares. Goldman Sachs Group started coverage on shares of Cornerstone OnDemand in a report on Friday, February 1st. They set a “neutral” rating and a $56.00 target price for the company. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, January 8th. BidaskClub raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Tuesday, January 1st. DA Davidson initiated coverage on shares of Cornerstone OnDemand in a research note on Friday, February 1st. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Mitsubishi UFJ Financial Group lifted their price objective on shares of Cornerstone OnDemand to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.46.

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Cornerstone OnDemand Company Profile

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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Earnings History for Cornerstone OnDemand (NASDAQ:CSOD)

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