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Fly News Breaks for December 7, 2017
CSOD
Dec 7, 2017 | 07:54 EDT
After Cornerstone OnDemand announced it will reduce its total workforce by 6%, Stephens analyst Samad Samana said he believes the cutbacks should not come as a surprise to employees or investors as he believes this has been in the works for some time. Trimming underperformers in sales and reducing service delivery professionals makes strategic sense, said Samana, who keeps an Equal Weight rating and $44 price target on Cornerstone shares.
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