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CSOD

Cornerstone OnDemand, Inc.

6/18/2013, 7:00 PM ET

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Wednesday, June 12, 11:24 AM Cornerstone OnDemand (CSOD +1.8%) ticks higher after pricing its $220M offering of convertible senior notes due 2018. The cloud HR software firm is offering a yield of 1.5%, and an initial conversion price of $54.04 (33% above current levels). Workday (WDAY), meanwhile, is nearly unchanged after pricing its dual $220M debt offerings: the company is respectively offering yields of 0.75% and 1.5% for is 2018 and 2020 notes, and has set conversion prices of $83.28 and $81.74 (34% and 32% above current levels). Shares of both companies fell yesterday in response to news of their offerings. Comment! [Tech]
Monday, June 10, 4:56 PM Workday (WDAY) is offering $440M worth of convertible senior debt - half of it will be due in 2018, and the other half in 2020. Meanwhile, cloud HR software peer Cornerstone OnDemand (CSOD) is also selling $220M worth of convertible senior notes due 2018 (but nothing for 2020). Both companies say they'll use the proceeds for "general corporate purposes" - is one or both about to join Salesforce in going M&A hunting? Comment! [Tech]
Wednesday, May 1, 4:38 PM Cornerstone OnDemand (CSOD): Q1 EPS of -$0.10 misses by $0.02. Non-GAAP Revenue of $37.79M (+57% Y/Y) beats by $0.08M. Shares -1.8% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
Wednesday, May 1, 12:10 AM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP Comment! [Earnings]
Tuesday, April 30, 5:35 PM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP 2 Comments [Earnings]
Tuesday, February 12, 4:23 PM Cornerstone OnDemand (CSOD): Q4 EPS of -$0.06 in-line. Non-Gaap Revenue of $36.7M (+64% Y/Y) beats by $1.11M. Shares +1.1% AH. (PR) 1 Comment [Earnings, Breaking News, Tech, On the Move]
Friday, January 18, 11:49 AM In addition to downgrading cloud ERP/CRM software vendor NetSuite, Goldman is changing its stance on two cloud HR plays: Ultimate Software (ULTI -2.1%) has been downgraded to Neutral, and Cornerstone OnDemand (CSOD +4.2%) upgraded to Buy. Though still positive on ULTI's long-term potential, Goldman isn't crazy about its valuation at current levels. The firm predicts Cornerstone's core business growth will accelerate, and (like Pac Crest) is positive on its Recruiting Cloud product. Comment! [Tech, On the Move, Quick Ideas]
Wednesday, January 9, 2:46 PM Cornerstone OnDemand (CSOD +2.9%) has rallied following positive comments from Pac Crest. The firm thinks the cloud HR software vendor will post a strong Q4, and is benefiting from industry consolidation (I, II) and its Recruiting Cloud product (launched in March). Shares jumped in November following Cornerstone's Q3 report. Pac Crest is also positive on ExactTarget (ET +2.2%) going into its Q4 report. 1 Comment [Tech, On the Move, Quick Ideas]
Friday, January 4, 5:54 PM Global SaaS/cloud software sales will rise a solid 25% this year to $59B, and another 25% in 2014 to $74B, predicts Forrester. The research firm also sees corporate adoption of Apple (AAPL) hardware continuing to grow: it expects Mac/iPad sales to businesses growing to $18B in 2013 from $15B in $2012. Forrester's original forecast for 2012 corporate Mac/iPad sales proved aggressive. Needham (citing Gartner data) has estimated Mac sales to U.S. businesses rose 49% Y/Y in Q3. 2 Comments [Tech]
Tuesday, November 20, 2012, 12:38 PM Is competition forcing SAP to lower its maintenance contract pricing? Cowen's Peter Goldmacher reports SAP has been offering big discounts for the high-margin contracts to clients looking to cut IT spending and "evaluating lower cost alternatives." Cloud vendors have long pitched the ability to avoid giant maintenance contracts as a selling point for their software. Their apps have already taken a decent chunk of the CRM and HR software markets, and (in some areas) are beginning to make inroads in SAP's core ERP software market. 1 Comment [Tech, Quick Ideas]
Tuesday, November 13, 2012, 11:04 AM Cornerstone OnDemand (CSOD +10.6%) is rallying strongly post-earnings for the third time in a row. Though results were mixed, bookings rose 78% Y/Y to $42.7M, easily surpassing revenue growth of 54%, and the company's deferred revenue balance rose 20% Q/Q to $72.6M. 124 clients were added, raising the total to 1,100+. Cornerstone now expects 2012 revenue of $117M-$118M and EPS of -$0.31 to -$0.35 vs. a consensus of $116.9M and -$0.28. (transcript) Comment! [Tech, Earnings, On the Move]
Monday, November 12, 2012, 5:45 PM After-hours top gainers, as of 5:15 p.m.: SNTA +19.8%. IQNT +18.7%. LPH +10.2%. TSPT +8.9%. CSOD +8.1%.
After-hours top losers: INFI -8.6%. SCLN -5.5%. EVER -4.4%. GME -4.1%. MWE -3.7%. Comment! [On the Move]
Monday, November 12, 2012, 4:07 PM Cornerstone OnDemand (CSOD): Q3 EPS of -$0.07 misses by $0.01. Revenue of $588.5M (+54% Y/Y) beats by $7M. Shares +2.7% AH. (PR) Comment! [Earnings, Tech, On the Move]
Thursday, October 11, 2012, 11:55 PM Workday (WDAY) prices its IPO at $28, above a prior range of $24-$26. That gives the fast-growing cloud ERP/HR software firm, which raised $637M by selling 22.75M shares, a valuation of $4.49B, or about 20x sales. Between the hype surrounding this offering and the way other enterprise tech IPOs have fared lately (I, II, III), there could still be a healthy pop when shares begin trading on Friday. Some cloud software firms that might move in response: N, CSOD, SABA, ULTI. (S-1) (more) Comment! [Tech]
Wednesday, September 19, 2012, 10:50 AM As expected, Salesforce.com (CRM) kicks off its Dreamforce conference by announcing several new products. Among them: an enterprise cloud storage platform called Chatterbox (competes with Dropbox and Box); a cloud employee performance solution called Work.com (competes with CSOD); and Marketing Cloud, a suite that ties together solutions from Buddy Media and Radian6 (competes with ORCL). Salesforce is also giving its Chatter enterprise social networking solution (competes with JIVE) a major overhaul. 3 Comments [Tech]
Monday, September 17, 2012, 4:37 PM Oracle (ORCL) is acquiring SelectMinds, a developer of cloud apps for recruiting talent via referrals and social connections, and handling relationship with ex-employees. SelectMinds' software joins an arsenal of Oracle cloud HR solutions that includes its Fusion apps and Taleo. Remaining independent cloud talent management vendors include CSOD, SABA, and ULTI. (IBM-Kenexa) (SAP-SuccessFactors) Comment! [Tech, M&A]