Cornerstone OnDemand, Inc. (NASDAQ:CSOD) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CSOD is expected to report 3Q20 income of $ 0.20 per share from revenue of $ 188.27 million.
For the full year, analysts anticipate top line of $ 717.54 million, while looking forward to income of $ 1.04 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 187.00 million ~ $ 189.00 million
Full Year 2020 topline are forecasted in a range of$ 715.00 million ~ $ 720.00 million
Click Here For More Historical Outlooks Of Cornerstone OnDemand, Inc.
Previous Quarter Performance
Cornerstone OnDemand, Inc. outlined income for the second quarter of $ 0.40 per share, from the revenue of $ 184.36 million. The quarterly earnings up 110.53 percent compared with the same quarter last year. Wall street analysts are predicting, CSOD to report 2Q20 income of $ 0.22 per share from revenue of $ 178.51 million. The bottom line results beat street analysts by $ 0.18 or 81.82 percent, at the same time, top line results outshined analysts by $ 5.85 million or 3.28 percent.
Stock Performance
Shares of Cornerstone OnDemand, Inc. traded up $ 1.08 or 2.77 percent on Wednesday, reaching $ 40.02 with volume of 400.70 thousand shares. Cornerstone OnDemand, Inc. has traded high as $ 40.59 and has cracked $ 39.11 on the downward trend
The closing price of $ 40.02, representing a 75.25 % increase from the 52 week low of $ 22.22 and a 39.58 % decrease over the 52 week high of $ 64.45.
The company has a market capital of $ 2.58 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 23rd September 2020, initiated by BMO Capital Markets at Market Perform rating, with $ 39.00 target price.
Conference Call
Cornerstone OnDemand, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cornerstoneondemand.com
Cornerstone OnDemand, Inc., together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities. The company also offers professional services, including application configuration, system integration, business process re-engineering, change management, and training.
