Cornerstone OnDemand ‘Positive Pipeline’ Aids Outlook
Cornerstone OnDemand (CSOD) stock jumped as much as 11% Friday despite reporting lower-than-expected Q2 earnings Thursday. The company’s sales and billings beat Wall Street views, boosting shares. The maker of performance management software said Q2 billings rose 30% from Q2 2014, to $91.3 million. Analyst Jack Andrews of D.A. Davidson told clients that was in line with his estimate but well ahead of Wall Street’s consensus of $85.5 million. He