Key Developments: Cornerstone OnDemand Inc (CSOD.O)
39.13USD
24 May 2013
$-0.44 (-1.11%)
$39.57
$39.57
$39.57
$38.85
222,965
336,119
$41.49
$18.02
Latest Key Developments (Source: Significant Developments)
Cornerstone Ondemand Inc Raises FY 2013 Revenue Guidance; Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Cornerstone Ondemand Inc announced that for fiscal 2013, it is raising previous GAAP revenue guidance from a range of $179 million to $182 million to a range of $181 million to $183 million. For the second quarter of 2013, it expects GAAP revenues to range from $41.5 million to $42.5 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $181 million for fiscal 2013 and report revenue of $41.8 million the second quarter of 2013. Full Article
Cornerstone Ondemand Inc Issues FY 2013 Revenue Guidance Above Analysts' Estimates; Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
Cornerstone Ondemand Inc announced that for fiscal 2013, it expects revenue in the range of $179 million to $182 million. For the first quarter of 2013, the Company expects revenue between $37 million and $38 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $171 million for fiscal 2013 and report revenue of $37 million the first quarter of 2013. Full Article
Cornerstone Ondemand Inc Raises FY 2012 Revenue Guidance; Lowers FY 2012 Earnings Guidance-Conference Call
Cornerstone Ondemand Inc announced that for fiscal 2012, it is raising its previous GAAP revenue guidance from a range of $115.5 million to $117.5 million, to a range of $117 million to $118 million. With respect to non-GAAP net income or loss, given its overachievement in sales year-to-date and the resulting costs and investments related to those sales, the Company is lowering its non-GAAP net loss to negative $15.5 million, to negative $17.5 million. This range implies a non-GAAP net loss per share between $0.31 and $0.35. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $117 million, net income of $(13.7) million and EPS of $(0.28) for fiscal 2012. Full Article
Cornerstone Ondemand Inc Raises FY 2012 Revenue Guidance; Lowers FY 2012 Net Income Guidance; Issues Q2 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Cornerstone Ondemand Inc announced that for fiscal 2012, it is raising its previous revenue guidance from a range of $112 million to $114 million to a range of $114.5 million to $116.5 million. With respect to non-GAAP net income or loss, it expects a loss of between $13 million and $15 million. For the second quarter of 2012, it expects revenues to range from $26 million to $26.5 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenues of $114 million and net income of $(13.9) for fiscal 2012; revenues of $26 million for the second quarter of 2012. Full Article
Cornerstone Ondemand Inc Completes Acquisition Of Sonar Limited
Cornerstone Ondemand Inc announced the completion of its acquisition of Sonar Limited (Sonar6), a cloud-based talent management solutions serving small businesses globally. Cornerstone will continue to operate Sonar6 out of its Auckland, New Zealand headquarters. Sonar6 will be rebranded as a Cornerstone solution specifically for small businesses. The companies will not integrate their products, and Sonar6 solutions will remain separate to preserve Cornerstone’s 100 % organically developed solution for enterprise and mid-market clients. Terms of the transaction were not disclosed Full Article
Cornerstone Ondemand Inc Signs Agreement To Acquire Sonar Limited
Cornerstone Ondemand Inc announced that the Company has entered into an agreement to acquire privately held Sonar Limited (“Sonar6”). Based in Auckland, New Zealand, Sonar6 is a provider of cloud-based talent management solutions serving small businesses globally. The acquisition will combine two of the talent management industry’s most providers and allows Cornerstone to strengthen its ability to serve Nclients of all sizes. Additionally, Cornerstone expects that the acquisition will accelerate the #$ momentum in the small business (SMB) market. Full Article
Cornerstone Ondemand Inc Issues FY 2012 Revenue Guidance Above Analysts' Estimates; Issues FY 2012 Net Income Below Estimates; Issues Q1 2012 Revenue Guidance In Line With Estimates-Conference Call
Cornerstone Ondemand Inc announced that for fiscal 2012, it expects revenue in the range of $112 million to $114 million. With respect to non-GAAP net income or loss, it expects a loss of between $12 million and $14 million. For the first quarter of 2012, it expects revenue of $24 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenues of $111 million and net income of $(6.04) for fiscal 2012; revenues of $24 million for the first quarter of 2012. Full Article
Cornerstone Ondemand Inc And Sage North America Signs Reseller Agreement To Offer HR Solution For Small And Midsized Businesses
Cornerstone Ondemand Inc and Sage North America announced that the companies have signed a reseller agreement. Sage North America, which supports 3.2 million small and midsized business customers in the U.S. and Canada, will resell Cornerstone`s comprehensive, SaaS-based solution in conjunction with its Sage Employer Solutions line of HR management tools. Full Article
Cornerstone Ondemand Inc Reaffirms FY 2011 Earnings Guidance-Conference Call
Cornerstone Ondemand Inc maintained the flexibility to make further investments during the fourth quarter of 2011. with respect to non-GAAP net income or loss, the Company is maintaining projected loss for fiscal 2011 of between negative $11 million and $12 million. The range implies a non-GAAP EPS range of negative $0.28 to negative $0.30 per share based on a full-year weighted average share count of approximately 39.8 million shares. Full Article
Cornerstone Ondemand Inc Reaffirms FY 2011 Earnings Guidance-Conference Call
Cornerstone Ondemand Inc announced that with respect to non-GAAP net income or loss, the Company is maintaining projected loss for fiscal 2011 of between negative $11 million and $12 million. The range implies a non-GAAP EPS range of negative $0.27 to negative $0.30 per share, based on a full-year weighted average share count of approximately 40 million shares. Full Article
Accounting class-action lawsuits down in 2012: report
- Fewer class-action lawsuits alleging accounting improprieties were filed last year in the United States, but those that were settled in 2012 carried a higher price tag, according to a study from Cornerstone Research.
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