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JPMorgan Downgrades Cornerstone OnDemand (CSOD) to Underweight

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Needham & Company Downgrades Cornerstone OnDemand (CSOD) to Buy

November 4, 2016 7:44 AM EDT

Needham & Company downgraded Cornerstone OnDemand (NASDAQ: CSOD) from Strong Buy to Buy with a price target of $43.00 (from $52.00).

Analyst Scott Berg commented, "Cornerstone reported a strong 3Q revenue and EPS beat with inline billings, but lowered 4Q estimates on f(x) concerns that... More

UBS Downgrades Cornerstone OnDemand (CSOD) to Neutral

November 4, 2016 7:32 AM EDT

UBS downgraded Cornerstone OnDemand (NASDAQ: CSOD) from Buy to Neutral with a price target of $40.00 (from $50.00), saying significant portions of the business not seeing returns.

Analyst Brent Thill commented, "vs. Street -$0.01), CSOD's 4Q16 billings guidance implies material deceleration (-2% y/y compares to +24% in the year ago... More