Cornerstone OnDemand (CSOD) Falls: Stock Goes Down 5.9%


Cornerstone OnDemand, Inc. (CSOD) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CSOD as the stock is now down about 20% since March 5, 2014.
The computer software has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CSOD currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Some better-ranked stocks in the same sector Dealertrack Technologies, Inc. (TRAK), Solera Holdings Inc. (SLH) and Pegasystems Inc. (PEGA). All these stocks hold a Zacks Rank #1 (Strong Buy).
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