Needham & Company Downgrades Cornerstone OnDemand (CSOD) to Buy
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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
November 4, 2016 6:59 AM EDT
JPMorgan downgraded Cornerstone OnDemand (NASDAQ: CSOD) from Neutral to Underweight with a price target of $25.00 (from $40.00).
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 $39.35 yesterday.
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November 4, 2016 6:53 AM EDT
Credit Suisse downgraded Cornerstone OnDemand (NASDAQ: CSOD) from Outperform to Neutral with a price target of $35.00 (from $50.00) following Q4 guide lower on FX, Brexit and restructuring.
Analyst Michael Nemeroff commented, " Q3 was generally in line with lowered expectations but CSOD mgmt highlighted new operational sales headwinds that caused them to lower billings expectations in Q4 by ~$35M due to deal... More
November 3, 2016 4:27 PM EDT
Cornerstone OnDemand (NASDAQ: CSOD) reported Q3 EPS of $0.11, $0.12 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $107.8 million versus the consensus estimate of $104.64 million.
GUIDANCE:
Cornerstone OnDemand sees FY2016 EPS of $0.04, versus the consensus of $0.01.... More
