Callidus Software Inc. Forecasted to Earn Q3 2016 Earnings of ($0.03) Per Share (CALD)
Callidus Software Inc. (NASDAQ:CALD) – Equities researchers at Dougherty & Co lowered their Q3 2016 EPS estimates for shares of Callidus Software in a report issued on Sunday. Dougherty & Co analyst R. Mattson now expects that the firm will earn ($0.03) per share for the quarter, down from their prior estimate of ($0.02). Dougherty & Co has a “Sell” rating and a $15.00 price objective on the stock. Dougherty & Co also issued estimates for Callidus Software’s FY2016 earnings at ($0.18) EPS.
A number of other research analysts have also recently issued reports on CALD. Roth Capital reissued a “buy” rating on shares of Callidus Software in a research note on Wednesday, June 1st. B. Riley reaffirmed a “buy” rating and set a $21.00 price objective on shares of Callidus Software in a research report on Wednesday, August 3rd. Piper Jaffray Cos. reaffirmed an “overweight” rating on shares of Callidus Software in a research report on Thursday, August 4th. Zacks Investment Research raised Callidus Software from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Callidus Software in a research report on Monday. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.11.
Callidus Software (NASDAQ:CALD) traded down 0.61% during mid-day trading on Wednesday, reaching $17.93. The company’s stock had a trading volume of 246,968 shares. The stock’s market cap is $1.02 billion. The company has a 50 day moving average of $19.41 and a 200-day moving average of $18.28. Callidus Software has a 52-week low of $11.48 and a 52-week high of $21.64.
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Callidus Software (NASDAQ:CALD) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $49.80 million for the quarter, compared to analyst estimates of $50.32 million. Callidus Software had a negative return on equity of 6.53% and a negative net margin of 7.69%. The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS.
A number of hedge funds have recently added to or reduced their stakes in CALD. Royal Bank of Canada raised its stake in Callidus Software by 0.5% in the second quarter. Royal Bank of Canada now owns 33,831 shares of the company’s stock valued at $676,000 after buying an additional 181 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Callidus Software by 2.5% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 12,710 shares of the company’s stock valued at $254,000 after buying an additional 310 shares in the last quarter. Prudential Financial Inc. raised its stake in Callidus Software by 2.7% in the second quarter. Prudential Financial Inc. now owns 19,234 shares of the company’s stock valued at $384,000 after buying an additional 500 shares in the last quarter. Suntrust Banks Inc. raised its stake in Callidus Software by 2.2% in the second quarter. Suntrust Banks Inc. now owns 30,452 shares of the company’s stock valued at $607,000 after buying an additional 654 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in Callidus Software by 3.5% in the second quarter. BlackRock Group LTD now owns 20,478 shares of the company’s stock valued at $408,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.
In other Callidus Software news, Director Mark Culhane sold 11,761 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $19.60, for a total value of $230,515.60. Following the sale, the director now owns 33,812 shares in the company, valued at $662,715.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Leslie Stretch sold 37,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $19.21, for a total value of $720,375.00. Following the completion of the sale, the insider now owns 511,670 shares in the company, valued at approximately $9,829,180.70. The disclosure for this sale can be found here. 3.23% of the stock is owned by company insiders.
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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