What happened Shares of software-as-a-service specialist Cornerstone OnDemand (NASDAQ: CSOD) were slammed on Tuesday following the company's fourth-quarter results. While Cornerstone's fourth-quarter revenue and non-GAAP (adjusted) earnings per share were better than expected, a soft outlook for first-quarter revenue seems to have raised concerns for analysts and spooked investors. Image source: Getty Images. So what Cornerstone OnDemand reported fourth-quarter revenue of $149.6 million, up 8.2% year over year. The human capital management software company's non-GAAP earnings per share was $0.43, up from $0.24 in the year-ago quarter. Analysts, on average, were expecting revenue and non-GAAP earnings per share of $146.2 million and $0.34, respectively. But guidance for revenue between $147 million and $150 million in Q1 was well below analysts' consensus forecast for $157.7 million. Following the report, one analyst lowered his 12-month price target for the stock but kept a buy rating, and two other analysts downgraded shares from outperform and buy ratings to perform and neutral, respectively. Now what Cornerstone's first-quarter revenue outlook implies 6% year-over-year revenue growth at the midpoint of the guidance range. Management also said it expects subscription revenue to rise to between $143 million and $145 million, implying 9.7% year-over-year growth at the midpoint. 10 stocks we like better than Cornerstone OnDemandWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Cornerstone OnDemand wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Daniel Sparks has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source