Barclays Maintains an 'Equalweight' on Cornerstone OnDemand (CSOD); Strong Bookings, But Uncertainties Long-Term
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Price: $57.48 --0%
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
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Barclays maintains an 'Equalweight' on Cornerstone OnDemand (NASDAQ: CSOD) price target of $21.00.
Analyst, Raimo Lenschow, said, "Cornerstone reported bookings 17% above consensus, while revenue, EPS and cash from operations were all in-line with expectations...Overall, the 67% bookings growth and new SMB market opportunity should be a positive, although long term we are still uncertain how competitive market dynamics involving SAP (NYSE: SAP) and Oracle (Nasdaq: ORCL) will play out."
Barclays lowers FY12 EPS loss from -0.25 to -0.28 and FY13 from -0.08 to -0.12.
For an analyst ratings summary and ratings history on Cornerstone OnDemand click here. For more ratings news on Cornerstone OnDemand click here.
Shares of Cornerstone OnDemand closed at $18.31 yesterday.
Analyst, Raimo Lenschow, said, "Cornerstone reported bookings 17% above consensus, while revenue, EPS and cash from operations were all in-line with expectations...Overall, the 67% bookings growth and new SMB market opportunity should be a positive, although long term we are still uncertain how competitive market dynamics involving SAP (NYSE: SAP) and Oracle (Nasdaq: ORCL) will play out."
Barclays lowers FY12 EPS loss from -0.25 to -0.28 and FY13 from -0.08 to -0.12.
For an analyst ratings summary and ratings history on Cornerstone OnDemand click here. For more ratings news on Cornerstone OnDemand click here.
Shares of Cornerstone OnDemand closed at $18.31 yesterday.
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