Cornerstone OnDemand (CSOD) Earns News Impact Score of 0.08
Press coverage about Cornerstone OnDemand (NASDAQ:CSOD) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cornerstone OnDemand earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.8187910982832 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Cornerstone OnDemand, Inc. (CSOD) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Cornerstone OnDemand : Announces Speakers and Agenda for Cornerstone Convergence EMEA 2017 Client Conference (4-traders.com)
- Insider Selling: Cornerstone OnDemand, Inc. (CSOD) CEO Sells 24,000 Shares of Stock (americanbankingnews.com)
- Buy sentiment on Technology Stock: Cornerstone OnDemand, Inc. (CSOD) – Street Observer (press release) (streetobserver.com)
- Cornerstone OnDemand, Inc. (CSOD) noted a price change of -1.51% and Intevac, Inc. (IVAC) closes with a move of … – Stocks Gallery (stocksgallery.com)
Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at 38.60 on Friday. The firm’s 50 day moving average is $35.81 and its 200-day moving average is $37.46. Cornerstone OnDemand has a 12 month low of $30.31 and a 12 month high of $47.32. The firm’s market capitalization is $2.22 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.09). The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.00 million. Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. Cornerstone OnDemand’s revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Cornerstone OnDemand will post $0.39 EPS for the current fiscal year.
CSOD has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cornerstone OnDemand in a research report on Friday, August 4th. BidaskClub upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Cornerstone OnDemand in a research report on Thursday, August 3rd. Credit Suisse Group upgraded shares of Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $49.00 in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $46.00 price objective (down from $50.00) on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.69.
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In other Cornerstone OnDemand news, CEO Adam L. Miller sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $41.28, for a total value of $990,720.00. Following the completion of the transaction, the chief executive officer now owns 3,539,587 shares in the company, valued at approximately $146,114,151.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harold W. Burlingame sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the director now owns 48,150 shares of the company’s stock, valued at approximately $1,926,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,820 shares of company stock valued at $4,585,824. Corporate insiders own 12.60% of the company’s stock.
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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