Cornerstone OnDemand (CSOD)

Motley Fool  Feb 12  Comment 
Is this meaningful? Or just another movement?  Nov 6  Comment 
NEW YORK (TheStreet) -- Shares of Cornerstone OnDemand Inc. are down 17.65% to $26.97 after the company lowered its 2014 fourth quarter guidance to $72.8 million to $75.8 million, short of consensus estimates of $81.54 million, according to...  Nov 6  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES American Electric was downgraded at Wells Fargo to market perform from outperform. Valuation call, as the stock has returned 15% over the past six weeks, Wells Fargo said. Ansys was downgraded at...
Benzinga  Oct 8  Comment 
In a report published Wednesday, D.A. Davidson analyst Jack Andrews reiterated a Neutral rating on Cornerstone OnDemand, Inc. (NASDAQ: CSOD), but lowered the price target from $41.50 to $37.00. In the report, D.A.. Davidson noted, “Cornerstone...  Oct 8  Comment 
* Symantec (Nasdaq: SYMC) is said to be exploring a potential breakup. Bloomberg said the company might split into two entities: one that sells security programs and the other that does data storage. The company last had a market value of about...
Benzinga  Oct 7  Comment 
Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based talent management solutions, today announced that the company has entered into a definitive agreement to acquire privately-held Evolv Inc. With its best-in-class machine learning...


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]


  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
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