Cornerstone OnDemand, Inc. (CSOD) saw a big move last session, as the company’s shares fell by nearly 10% 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 over 31% in the past one-month time frame.
The computer software company 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 computer software industry include Dealertrack Technologies, Inc. (TRAK), MicroStrategy Inc. (MSTR) and Adobe Systems Inc. (ADBE). While Dealertrack and MicroStrategy carry a Zacks Rank #1 (Strong Buy), Adobe Systems holds a Zacks Rank #2 (Buy).
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