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Fly News Breaks for September 30, 2015
WDAY, CSOD
Sep 30, 2015 | 08:37 EDT
After Workday (WDAY) announced that it would launch its own learning product in 2H16, moving from partnership with Cornerstone OnDemand (CSOD) to competing with it, JMP Securities says it does not see this development as overly worrisome for Cornerstone. The firm notes that Workday's product will be a 1.0 version, and it expects Workday to continue focusing on financial vertical markets. The firm keeps a $50 price target and Outperform rating on Cornerstone.
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