Zacks: Analysts Expect Callidus Software, Inc. (CALD) Will Post Earnings of $0.11 Per Share
Equities research analysts predict that Callidus Software, Inc. (NASDAQ:CALD) will announce earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Callidus Software’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.12. Callidus Software posted earnings per share of $0.08 during the same quarter last year, which suggests a positive year-over-year growth rate of 37.5%. The firm is expected to issue its next earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that Callidus Software will report full-year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.35. For the next year, analysts anticipate that the firm will report earnings of $0.50 per share, with EPS estimates ranging from $0.45 to $0.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Callidus Software.
A number of research firms have weighed in on CALD. B. Riley restated a “buy” rating and issued a $28.00 price target on shares of Callidus Software in a report on Wednesday, September 27th. ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Callidus Software from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group LLC increased their target price on Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Credit Suisse Group increased their target price on Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.63.
Callidus Software (NASDAQ:CALD) traded down $0.35 during midday trading on Thursday, reaching $27.60. The company’s stock had a trading volume of 185,900 shares, compared to its average volume of 398,127. Callidus Software has a 52-week low of $15.15 and a 52-week high of $29.70.
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In related news, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $29.25, for a total transaction of $438,750.00. Following the transaction, the executive vice president now directly owns 300,075 shares in the company, valued at $8,777,193.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.61% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. bought a new position in Callidus Software during the second quarter worth $8,255,000. Eagle Asset Management Inc. lifted its stake in Callidus Software by 114.6% during the second quarter. Eagle Asset Management Inc. now owns 338,772 shares of the technology company’s stock worth $8,198,000 after purchasing an additional 180,897 shares during the last quarter. Geode Capital Management LLC lifted its stake in Callidus Software by 7.2% during the first quarter. Geode Capital Management LLC now owns 522,077 shares of the technology company’s stock worth $11,146,000 after purchasing an additional 35,252 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Callidus Software by 11.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 264,913 shares of the technology company’s stock worth $5,656,000 after purchasing an additional 26,464 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Callidus Software by 6.5% during the second quarter. Rhumbline Advisers now owns 73,501 shares of the technology company’s stock worth $1,779,000 after purchasing an additional 4,470 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.
Callidus Software Company Profile
Callidus Software Inc (Callidus) is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Company’s CallidusCloud enables its customers to manage their Lead to Money process with a suite of solutions that identify leads, implement territory and quota plans, enable sales forces, automate bid configuration pricing and quoting, manage contracts, streamline sales compensation and capture customer feedback, among others.
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