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Cornerstone OnDemand (CSOD +1.7%) ticks higher after Needham starts coverage with a Buy. The...
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Wednesday, May 9, 2012, 11:58 AM ETCornerstone OnDemand (CSOD +1.7%) ticks higher after Needham starts coverage with a Buy. The firm sees the acquisition of rivals Taleo and SuccessFactors as validating the cloud talent management software market, and leaving Cornerstone well-positioned to draw institutional interest. Needham estimates Cornerstone will grow revenue at a 28% CAGR through 2015.
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