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CSOD

Cornerstone OnDemand

$53.21

-1.14 (-2.10%)

16:02
05/07/19
05/07
16:02
05/07/19
16:02

Cornerstone OnDemand reports Q1 EPS 25c, consensus 19c

Reports Q1 revenue $4140.1M, consensus $135.57M. The company said, "We are off to a great start for 2019, continuing the momentum that we saw during 2018. With the skills divide making news almost every week, learning and development directors are embracing solutions like ours. The injection of our emerging content business into our massive installed base of more than 40 million users, is enabling us to truly differentiate...During Q1, we continued to expand our operating margins while investing in our key priorities. As we look out to the balance of 2019, we are encouraged by the opportunities we see ahead and are raising our financial guidance accordingly."

  • 07

    May

CSOD Cornerstone OnDemand
$53.21

-1.14 (-2.10%)

02/01/19
GSCO
02/01/19
INITIATION
Target $56
GSCO
Neutral
Cornerstone OnDemand resumed with a Neutral at Goldman Sachs
Goldman Sachs analyst Christopher Merwin resumed coverage of Cornerstone OnDemand with a Neutral rating and $56 price target. While the analyst has been "very encouraged" by the company's improving execution and more favorable growth profile, he believes "a lot of the low hanging fruit has been picked."
02/01/19
DADA
02/01/19
INITIATION
Target $65
DADA
Buy
Cornerstone OnDemand initiated with a Buy at DA Davidson
DA Davidson analyst Rishi Jaluria initiated Cornerstone OnDemand with a Buy rating and a price target of $65, saying he is positive on the company's "market leadership position in talent management, runway of growth within HR and content, successful and ongoing turnaround plan, and reasonable valuation." The analyst adds that Cornerstone OnDemand trades a 5-times enterprise value to his expected 2020 revenues multiple, which is a discount to its peer-group multiple of 8-times, and its growth rate is not sufficiently slower to justify the low valuation.
02/01/19
02/01/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AB InBev (BUD) initiated with a Hold at Societe Generale. 2. Cornerstone OnDemand (CSOD) initiated with a Buy at DA Davidson. 3. EVO Payments (EVOP) initiated with an Outperform at First Analysis. 4. Owens Corning (OC) initiated with a Neutral at Buckingham. 5. BJ's Wholesale (BJ) reinstated with an Equal Weight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/19
PIPR
02/13/19
NO CHANGE
Target $68
PIPR
Overweight
Cornerstone OnDemand earnings selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Alex Zukin recommends using the post-earnings selloff in shares of Cornerstone OnDemand as a buying opportunity. Cornerstone delivered a strong Q4 report that saw subscription revenues outperform guidance and annual recurring revenue end the year at the high end of guidance, Zukin tells investors in a research note. He attributes the pullback in shares to 2019 operating margins and unlevered free cash flow guidance coming in below consensus. However, the outlook is conservative and offers "multiple options for upside," says Zukin. He keeps an Overweight rating on Cornerstone OnDemand with a $68 price target.

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