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Fly News Breaks for November 7, 2019
CSOD
Nov 7, 2019 | 08:12 EDT
RBC Capital analyst Alex Zukin initiated coverage of Cornerstone OnDemand with an Outperform rating and $69 price target. The analyst is positive on the company's shift from a learning-focused software company to "developing a portfolio of HR solutions to manage the entire employee lifecycle", stating that the content, recruiting, and performance pose "meaningful up-sell opportunities." Zukin further cites Cornerstone's "solid" Q3 results with beats on revenue, subscription revenue, and operating margins.
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