Callidus Software Price Target Increased to $11.00 by Analysts at Oppenheimer (CALD)
Analysts at Oppenheimer hoisted their target price on shares of Callidus Software (NASDAQ:CALD) from $9.00 to $11.00 in a research report issued to clients and investors on Wednesday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 27.91% from the stock’s previous close.
In other Callidus Software news, SVP Jimmy C. Duan sold 30,000 shares of Callidus Software stock on the open market in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $8.84, for a total transaction of $265,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities reiterated a “buy” rating on shares of Callidus Software in a research note to investors on Monday, September 9th. They now have a $10.00 price target on the stock. Separately, analysts at Roth Capital raised their price target on shares of Callidus Software from $8.00 to $10.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Callidus Software from $7.00 to $9.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $10.00.
Callidus Software (NASDAQ:CALD) opened at 8.60 on Wednesday. Callidus Software has a 52 week low of $3.60 and a 52 week high of $9.36. The stock’s 50-day moving average is $8.48 and its 200-day moving average is $6.48. The company’s market cap is $327.0 million.
Callidus Software (NASDAQ:CALD) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $25.11 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that Callidus Software will post $0.03 earnings per share for the current fiscal year.
Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.
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