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Fly News Breaks for August 6, 2019
CSOD
Aug 6, 2019 | 08:45 EDT
BofA Merrill analyst Brad Sills said Cornerstone OnDemand reported "solidly in line" Q2 results that featured relative strength in its commercial and strategic segments as some early strength in the content business. He was encouraged that the strategic business rebounded during Q2 and that the Content Anytime business is beginning to contribute to growth, said Sills, who believes that Cornerstone is likely to see a reacceleration to 20% billings growth. He keeps a Buy rating and $68 price target on Cornerstone OnDemand shares.
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