Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cornerstone OnDemand (NASDAQ:CSOD) Stock Price
News articles about Cornerstone OnDemand (NASDAQ:CSOD) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group scores 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 -1 to 1, with scores closest to one being the most favorable. Cornerstone OnDemand earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 46.7734884121336 out of 100, indicating that recent media 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 articles that may have impacted Accern Sentiment’s rankings:
- Piper Jaffray Companies Reiterates Overweight Rating for Cornerstone OnDemand, Inc. (CSOD) (americanbankingnews.com)
- Cornerstone OnDemand, Inc. (CSOD) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS (americanbankingnews.com)
- Edited Transcript of CSOD earnings conference call or presentation 3-Aug-17 9:00pm GMT (finance.yahoo.com)
- Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Cornerstone OnDemand (CSOD) Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded down 10.071% during trading on Friday, reaching $35.315. 2,362,130 shares of the company traded hands. The stock’s 50 day moving average is $37.42 and its 200 day moving average is $38.95. The company’s market capitalization is $2.01 billion. Cornerstone OnDemand has a 1-year low of $30.31 and a 1-year high of $47.75.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.09. The business had revenue of $116.70 million for the quarter, compared to analysts’ expectations of $117 million. Cornerstone OnDemand had a negative return on equity of 187.91% and a negative net margin of 15.39%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts forecast that Cornerstone OnDemand will post $0.41 EPS for the current year.
Several analysts have commented on CSOD shares. Credit Suisse Group reissued a “hold” rating and set a $43.00 price target on shares of Cornerstone OnDemand in a research report on Monday, May 15th. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Needham & Company LLC restated a “buy” rating and set a $48.00 price objective on shares of Cornerstone OnDemand in a report on Wednesday, April 19th. Wells Fargo & Company assumed coverage on shares of Cornerstone OnDemand in a report on Thursday, May 11th. They set a “market perform” rating and a $37.00 price objective on the stock. Finally, BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cornerstone OnDemand currently has an average rating of “Hold” and a consensus price target of $44.43.
In other Cornerstone OnDemand news, COO Kirsten Maas Helvey sold 10,940 shares of Cornerstone OnDemand stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $34.11, for a total transaction of $373,163.40. Following the transaction, the chief operating officer now owns 78,842 shares of the company’s stock, valued at $2,689,300.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $40.69, for a total value of $1,220,700.00. Following the transaction, the chief executive officer now directly owns 3,551,070 shares in the company, valued at approximately $144,493,038.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,820 shares of company stock worth $3,668,934. 12.60% of the stock is currently owned by corporate insiders.
Cornerstone OnDemand Company Profile
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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