Cornerstone OnDemand (CSOD)

Benzinga  Jul 9  Comment 
Cornerstone OnDemand Inc. (NASDAQ: CSOD), a global leader in cloud-based talent management software solutions, today announced that Kristina Salen, chief financial officer of online marketplace Etsy, has been elected to Cornerstone OnDemand's...
Cloud Computing  Jul 2  Comment 
Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based talent management software solutions, today announced it has earned ISO/IEC 27001:2005 certification for its unified talent management suite. By...
Cloud Computing  Jun 16  Comment 
Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based talent management software solutions, today announced it has been named a Leader in the 2014 Gartner Magic Quadrant for Talent Management Suites...
SeekingAlpha  Jun 14  Comment 
ByAntonio Carradinha: Introduction Cornerstone OnDemand (CSOD) has an enterprise value of just above $2 billion, but it's a company with high potential as it shows strong organic growth. It has become a global leader of cloud-based talent...
Cloud Computing  Jun 4  Comment 
Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based talent management software solutions, today announced that the company’s CFO, Perry Wallack, will present at the following investor conference: read more
Cloud Computing  May 14  Comment 
Cornerstone OnDemand (NASDAQ:CSOD), a leader in cloud-based talent management software solutions, today announced the recipients of the 2014 Client RAVE Awards (Remarkable Achievements and Visionary Elites). The awards ...
SeekingAlpha  May 2  Comment 
Cornerstone OnDemand, Inc. (CSOD) Q1 2014 Earnings Conference Call May 1, 2013 05:00 AM ET Executives Perry Wallack - CFO Adam Miller - CEO Analyst Brendan Barnicle - Pacific Crest Brent Thill - UBS Michael Nemeroff...
SeekingAlpha  May 1  Comment 
The following audio is from a conference call that will begin on May 01, 2014 at 17:00 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
Cloud Computing  Apr 28  Comment 
Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based talent management software solutions, announced today that the company’s financial results for the first quarter 2014 will be released after the ...
TheStreet.com  Apr 21  Comment 
Story updated at 9:50 a.m. to reflect market activity. NEW YORK (TheStreet) -- Cornerstone OnDemand was upgraded to "buy" from "neutral" by UBS Monday. Cornerstone OnDemand gained 0.5% to $39.52 in morning trading. The firm set a price target...




 
TOP CONTRIBUTORS

Cornerstone OnDemand (NASDAQ:CSOD) provides companies with software to train their employees. Cornerstone OnDemand's software is offered as a Software-as-a-Service (SaaS) and so is accessible online with a subscription. The software helps train employees across 5 platforms: learning management, enterprise social networking, performance management, succession planning, and extended enterprise. As of March 2011, Cornerstone OnDemand had 4.92M users over 164 countries. The platform is translated into 23 different languages.[1]

Cornerstone OnDemand attempts to improve the way businesses develop talent, engage employees, build leadership pipelines and improve business execution. The company believes that organizations will continue to choose Software-as-a-Service (SaaS) over desktop applications. Just as companies have moved to SaaS tools for business applications such as sales force management, so too will companies move to SaaS for learning and talent management. According to IDC, the total revenue for SaaS tools was $13.1B in 2009 and is expected to grow to $32.4B by 2013.[2]

The company's initial public offering of stock on the NASDAQ occurred on March 16, 2011. The company offered 10.5M shares each for $13. This was above the initial price range of $9-$11. The company raised a total of $137M through the offering. The lead underwriter of the deal were Goldman and Barclays (BCS).[3]

For the full year 2010, Cornerstone OnDemand's total revenue was $46.6M. This was a 59% increase over the 2009 total revenue figure of $29.3M. Cornerstone OnDemand suffered a net loss in 2010 of $56.6M. This was a larger loss than the $10.5M loss in 2009. The greater net loss in 2010 was caused largely by a change in the fair value of the company's stock.[4]

References

  1. CSOD S-1/A PROSPECTUS SUMMARY "Overview" pg 1
  2. CSOD S-1/A PROSPECTUS SUMMARY "The Market" pg 1-2
  3. Renaissance Capital - IPO Home "Cornerstone OnDemand prices IPO at $13, above the $9-$11 range" 16 March 2011
  4. CSOD S-1/A PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL DATA" pg 7
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