Analysts at UBS see the talent management software provider still having solid fundamentals despite the recent pullback from the company's late February 52 week high of $61.85. The stock is set to open at $39.31 today.
"CSOD continues to have leading mindshare with HR buyers as a pure-play software as a service talent management vendor. We believe the recent downdraft creates attractive opportunity to own a top tier software as a service story with est. 2014 rev growth of 45%+ (nearly 2x software as a service median of 24%) for a very reasonable multiple," said the firm.
Separately, TheStreet Ratings team rates CORNERSTONE ONDEMAND INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate CORNERSTONE ONDEMAND INC (CSOD) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk and feeble growth in its earnings per share."