Callidus Software (CALD) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Callidus Software (NASDAQ:CALD) released its earnings data on Thursday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.02, StockRatingsNetwork.com reports. The company had revenue of $30.80 million for the quarter, compared to the consensus estimate of $28.21 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 28.9% on a year-over-year basis. Callidus Software updated its Q4 guidance to $0.03-0.04 EPS.
Shares of Callidus Software (NASDAQ:CALD) traded up 3.04% on Thursday, hitting $10.35. The stock had a trading volume of 615,567 shares. Callidus Software has a one year low of $3.60 and a one year high of $8.93. The stock has a 50-day moving average of $9.65 and a 200-day moving average of $7.14. The company’s market cap is $393.5 million.
CALD has been the subject of a number of recent research reports. Analysts at Northland Securities reiterated a “buy” rating on shares of Callidus Software in a research note to investors on Wednesday, October 9th. They now have a $10.00 price target on the stock. On the ratings front, analysts at Roth Capital raised their price target on shares of Callidus Software from $10.00 to $12.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of Callidus Software from $10.00 to $12.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $11.60.
In other Callidus Software news, SVP Jimmy C. Duan sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $10.63, for a total transaction of $318,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.
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