reports
CORNERSTONE ONDEMAND sees an upgrade to Slightly Positive due to a bet...
The general evaluation of CORNERSTONE ONDEMAND (US), a company active in the Software industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 4, 2021, the closing price was USD ...
Cornerstone Hosts a Free Day of Learning to Help Leaders and their Peo...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced an effort to give back to the community by hosting the , a free, virtual opportunity for organizations and their people to get valuable, timely insights and information that will help drive much-needed skill development and agility at work. The event will be held on May 12 from 9 a.m. to 1:30 p.m. PDT and will focus on the pivotal role learning content plays in preparing people, and their organizations, for any future and through new-skilling efforts. Recent reveal a sign...
Cornerstone Completes Repricing of Term Loan B Facility
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced it has successfully completed a repricing of its senior secured term loan facility (the “Term Loan B”). Prior to the repricing, the Term Loan B had an outstanding value of $850 million (the original principal value was $1,005 million) and was repriced to bear interest at LIBOR plus 3.25% with a LIBOR floor of 0%, which represents a 100 basis point reduction compared to the prior interest rate of LIBOR plus 4.25% with a LIBOR floor of 0%. All other material terms of the Ter...
Cornerstone Nominates Sara Martinez Tucker to Its Board of Directors
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced the nomination of Sara Martinez Tucker for election to the Cornerstone Board of Directors at the company’s annual meeting of stockholders to be held on June 8, 2021. Tucker brings more than 30 years of extensive leadership experience in technology, science, education, and government. This press release features multimedia. View the full release here: Sara Martinez Tucker (Photo: Business Wire) "We are truly honored to welcome Sara Martinez Tucker to the Cornerstone board," ...
Cornerstone Sets Date to Announce First Quarter 2021 Results
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, announced today that the company’s financial results for the first quarter of 2021 will be released after market close on Thursday, May 6, 2021. Cornerstone will host a conference call to discuss the results at 2 p.m. PT (5 p.m. ET) on the same day. Dial-in information for the call and a live webcast will be available on the of Cornerstone’s investor relations website. An audio replay will be available for three days following the conclusion of the call (between 8 p.m. PT on May 6 and 11...
Moody's upgrades Cornerstone OnDemand to B1, outlook stable
Rating Action: Moody's upgrades Cornerstone OnDemand to B1, outlook stable. Global Credit Research- 18 Mar 2021. New York, March 18, 2021-- Moody's Investors Service upgraded Cornerstone OnDemand, Inc.' s Corporate Family Rating to B1 from B2 and upgraded the company's Probability of Default Rating to B1-PD from B2-PD.
Cornerstone Mobilizes Internal Executive Talent to Further Accelerate ...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, has named new internal leaders to critical positions focused on strategic growth and innovation initiatives. As organizations and their people rapidly respond and proactively adapt to a new world of work, they are requiring business agility and people upskilling to a degree never experienced before. To help customers respond to these new talent demands, Cornerstone is mobilizing its own executive talent to focus on key growth areas we believe will deliver the most positive and transformat...
Cornerstone OnDemand Announces Fourth Quarter and Fiscal Year 2020 Fin...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- People development solutions provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results1 for its fourth quarter and fiscal year ended December 31, 2020. The Company has provided supplemental financial information located on its Investor Relations website. On April 22, 2020, the Company acquired Saba Software, Inc. (“Saba”); the discussion below includes Saba’s results for the post-acquisition period. Fourth Quarter 2020 Results: Revenue for the fourth quarter of 2020 was $206.9 million. This represents a 38.3% increase compared to the ...
Moody's announces completion of a periodic review of ratings of Corner...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cornerstone OnDemand, Inc.. Global Credit Research- 08 Feb 2021. New York, February 08, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Cornerstone OnDemand, Inc. and other ratings that are associated with the same analytical unit.
Cornerstone to Bring Learning into the Flow of Work, Powered by Micros...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, announced today it is one of the first Learning Management Software (LMS) partners for Microsoft Viva, Microsoft’s new Employee Experience Platform (EXP). As part of the new platform, Cornerstone Learning and Saba Cloud will be integrated in the new Microsoft Viva Learning app. Microsoft Viva, powered by Microsoft 365 and experienced through Microsoft Teams, is an integrated, insights-driven employee experience platform that helps organizations bring together communications, knowledge, le...
Cornerstone Sets Date to Announce Fourth Quarter and Fiscal Year 2020 ...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, announced today that the company’s financial results for the fourth quarter and fiscal year of 2020 will be released after the market close on Tuesday, Feb. 16, 2021. Cornerstone will host a conference call to discuss the results at 2 p.m. PT (5 p.m. ET) on the same day. Dial-in information for the call and a live webcast will be available on the of Cornerstone’s investor relations website. An audio replay will be available for three days following the conclusion of the call (between 8 p...
Cornerstone Names Chirag Shah Chief Financial Officer
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced the appointment of Chirag Shah as Chief Financial Officer (CFO) effective Feb. 1, 2021. Interim CFO Trish Coughlin will continue in her role as Chief Accounting Officer and will support a seamless transfer of responsibilities to Shah. This press release features multimedia. View the full release here: Chirag Shah, Chief Financial Officer, Cornerstone (Photo: Business Wire) Shah is a seasoned finance expert with over 10 years of experience at Cornerstone during which he has ...
Cornerstone Appoints Two New Members to Board of Directors
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced the appointment of two new members to its Board of Directors effective Dec. 16, 2020. Felicia Alvaro, former Chief Financial Officer and Treasurer for Ultimate Software, and Nancy Altobello, former Global Vice Chair of Talent for Ernst & Young, bring decades of finance, audit and leadership experience to Cornerstone. Alvaro spent the past 22 years at Ultimate Software, helping the company grow from $50 million in revenue to over $1 billion. She retired earlier this year as...
Cornerstone Innovation Lab Unites Data Scientists Across the Company t...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced the formation of the Cornerstone Innovation Lab for AI, a new center of excellence within the company composed of data scientists and machine learning experts who specialize in innovating practical and ethical ways to apply AI technology to the workplace. This year, organizations and their people have grappled with uncharted levels of disruption and uncertainty. This has created a new world of work where agility and resiliency set the most successful organizations – and pe...
Cornerstone OnDemand Announces Third Quarter 2020 Financial Results
SANTA MONICA, Calif.--(BUSINESS WIRE)-- People development solution provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results1 for its third quarter ended September 30, 2020. The Company has provided supplemental financial information located on its Investor Relations website. On April 22, 2020, the Company acquired Saba Software, Inc. ("Saba"); the below discussion includes Saba's results for the post-acquisition period. Third Quarter 2020 Results: Revenue for the third quarter of 2020 was $199.5 million. This represents a 37.6% increase compared to the same period of the ...
Cornerstone Originals Celebrates First Birthday with New Content Relev...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced its content creation arm, Cornerstone Studios, is releasing several new content series under the brand to help organizations and their people prepare for some of the most significant workforce changes impacting the world today, including how to overcome new challenges, how to create a more equitable workplace and how to ensure people continually put their customers first. Launched one year ago, Cornerstone Originals was created to help people successfully learn about and ...
Cornerstone Celebrates Accomplishments of the 2020 Global Customer RAV...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced the winners of the annual RAVE (Remarkable Achievements and Visionary Elites) Awards, which recognize and honor organizations that have developed and implemented innovative approaches to using Cornerstone solutions. “We are honored to raise a virtual toast to our customers who have gone above and beyond to transform their organizations through their unique people development programs,” said Karen Williams, SVP, Customer Support and Services, Cornerstone. “While this year h...
Cornerstone and HR.com Partner to Host Learning Content Summit
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced it will host the on Nov. 2, 2020. In partnership with HR.com, the company’s first event focused exclusively on the pivotal role learning content plays in preparing people for the future and supporting new skilling initiatives will introduce bold strategies that will help organizations and their people rise to be extraordinary. Scheduled from 9 a.m. to 1:30 p.m. PST, the Learning Content Summit: Thriving in a Changing World will feature four hours of dynamic keynotes, brea...
Cornerstone and ServiceNow Integrate to Promote Continuous Workplace L...
SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced a new integration with ServiceNow, a leading digital workflow technology provider, to immediately offer platform interoperability to their joint customers and promote cultures of continuous learning. Organizations that rely on Cornerstone to train and new skill their employees can now directly integrate their Cornerstone Learning solution with their ServiceNow® HR Service Delivery solution. Cornerstone delivers on the promise of the “right experiences anywhere” for employe...
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