Callidus Software’s Buy Rating Reaffirmed at Lake Street Capital (CALD)
Callidus Software (NASDAQ: CALD)‘s stock had its “buy” rating restated by stock analysts at Lake Street Capital in a report issued on Tuesday, StockRatingsNetwork.com reports.
The analysts wrote, “After years as a one-trick commissions administration pony, Callidus Software has assembled a state-of-the-art SAAS-based sales and marketing platform. We believe the company’s arrival as a player of significance remains underappreciated and that 20%+ SAAS revenue growth on a leaner cost structure will garner a higher stock price in the coming year.”
Callidus Software (NASDAQ: CALD) traded up 0.63% on Tuesday, hitting $6.39. Callidus Software has a 52-week low of $3.60 and a 52-week high of $8.08. The stock’s 50-day moving average is currently $4.51. The company’s market cap is $240.0 million.
Callidus Software (NASDAQ: CALD) last released its earnings data on Thursday, May 2nd. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $25.50 million for the quarter, compared to the consensus estimate of $25.50 million. During the same quarter last year, the company posted ($0.03) earnings per share. Callidus Software’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Callidus Software will post $0.05 EPS for the current fiscal year.
Callidus Software Inc. is a provider of sales performance management (NASDAQ: CALD) software and services.
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