Brokerages predict that Cornerstone OnDemand, Inc. (NASDAQ:CSOD) will report earnings of $0.20 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Cornerstone OnDemand’s earnings, with estimates ranging from $0.16 to $0.21. Cornerstone OnDemand reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The business is expected to report its next quarterly earnings results after the market closes on Monday, August 5th.
On average, analysts expect that Cornerstone OnDemand will report full year earnings of $1.03 per share for the current fiscal year, with EPS estimates ranging from $1.01 to $1.05. For the next fiscal year, analysts anticipate that the company will post earnings of $1.42 per share, with EPS estimates ranging from $1.16 to $1.63. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Cornerstone OnDemand.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.23). The company had revenue of $140.10 million for the quarter, compared to analysts’ expectations of $135.51 million. Cornerstone OnDemand had a negative return on equity of 15.15% and a negative net margin of 3.87%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS.
Several equities analysts have weighed in on CSOD shares. Guggenheim started coverage on Alteryx in a research report on Thursday, June 27th. They set a “buy” rating and a $107.53 price target for the company. Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $62.36.
In other Cornerstone OnDemand news, CFO Brian L. Swartz sold 3,500 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $62.00, for a total transaction of $217,000.00. Following the transaction, the chief financial officer now owns 138,103 shares in the company, valued at $8,562,386. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Harold W. Burlingame sold 1,553 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $52.39, for a total value of $81,361.67. Following the transaction, the director now owns 53,327 shares in the company, valued at approximately $2,793,801.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,857 shares of company stock valued at $7,742,147. Company insiders own 9.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Cornerstone OnDemand by 4.6% during the fourth quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock worth $198,271,000 after purchasing an additional 171,143 shares in the last quarter. Praesidium Investment Management Company LLC lifted its stake in shares of Cornerstone OnDemand by 7.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 3,442,143 shares of the software maker’s stock worth $173,587,000 after purchasing an additional 237,527 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Cornerstone OnDemand by 9.6% in the first quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock worth $175,560,000 after acquiring an additional 281,615 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Cornerstone OnDemand by 3.8% in the first quarter. First Trust Advisors LP now owns 1,873,456 shares of the software maker’s stock worth $102,628,000 after acquiring an additional 69,446 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Cornerstone OnDemand by 44.6% in the first quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock worth $72,355,000 after acquiring an additional 407,535 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.
Cornerstone OnDemand stock traded down $0.78 during mid-day trading on Thursday, hitting $61.05. 401,131 shares of the company were exchanged, compared to its average volume of 458,623. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a 50 day moving average price of $56.10. The firm has a market cap of $3.70 billion, a P/E ratio of -265.43 and a beta of 1.04. Cornerstone OnDemand has a 12-month low of $45.89 and a 12-month high of $62.66.
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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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