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Cramer Speculates on Cornerstone OnDemand
23 Mar 2012 EDT - CNBC.com
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When speculating on stocks, Jim Cramer reminded his “Mad Money” viewers on Friday to be patient and wait for the right moment to make a move.

Take Cornerstone OnDemand , for example. The Santa Monica, Calif.-based company is a cloud-based provider of software as a service for employment recruitment, training and performance management. In other words, its products and services allow companies outsource their human resources departments to software in the cloud.

The enterprise software business has been on fire lately and Cornerstone’s stock has been reporting year-over-year growth. Many of its competitors are being acquired, too. Today, it seems Cornerstone is the only independent player left in the space and yet its stock has been flying almost completely under the radar. Cramer thinks it’s worth considering, though, because it has all of the ingredients you typically find in a successful speculative name: a little company with a $1 billion market cap, a $20 stock and considerable revenue growth.

Even if nobody wants to buy Cornerstone, Cramer thinks it’s still a great story for one simple reason: its numbers are off the charts. It’s been signing new clients, increased deferred revenue and has set its initial 2012 revenue growth outlook above Wall Street’s expectations.

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