$62.14 Million in Sales Expected for Callidus Software, Inc. (NASDAQ:CALD) This Quarter
Wall Street analysts expect that Callidus Software, Inc. (NASDAQ:CALD) will report sales of $62.14 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Callidus Software’s earnings. The highest sales estimate is $62.46 million and the lowest is $61.60 million. Callidus Software reported sales of $52.51 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.3%. The company is scheduled to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that Callidus Software will report full-year sales of $62.14 million for the current year, with estimates ranging from $243.75 million to $248.27 million. For the next year, analysts anticipate that the company will post sales of $294.41 million per share, with estimates ranging from $289.00 million to $303.90 million. Zacks’ sales averages are an average based on a survey of research firms that cover Callidus Software.
Callidus Software (NASDAQ:CALD) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.13. The company had revenue of $61.30 million for the quarter, compared to analysts’ expectations of $58.95 million. Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share.
A number of analysts have weighed in on CALD shares. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. B. Riley reiterated a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a research note on Friday, August 4th. Dougherty & Co upgraded Callidus Software from a “sell” rating to a “neutral” rating in a research note on Monday, May 8th. Piper Jaffray Companies set a $27.00 target price on Callidus Software and gave the stock a “buy” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC started coverage on Callidus Software in a research note on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.13.
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In other news, Director Kevin Klausmeyer sold 9,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $24.75, for a total transaction of $222,750.00. Following the transaction, the director now owns 30,253 shares in the company, valued at $748,761.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leslie Stretch sold 50,717 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $23.12, for a total value of $1,172,577.04. Following the transaction, the insider now owns 496,128 shares in the company, valued at approximately $11,470,479.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,776 shares of company stock worth $5,417,341. Insiders own 1.61% of the company’s stock.
Several institutional investors have recently made changes to their positions in CALD. Ameritas Investment Partners Inc. purchased a new position in shares of Callidus Software during the first quarter valued at approximately $103,000. JPMorgan Chase & Co. raised its position in shares of Callidus Software by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after buying an additional 492 shares in the last quarter. US Bancorp DE raised its position in shares of Callidus Software by 13.3% in the first quarter. US Bancorp DE now owns 6,690 shares of the technology company’s stock valued at $142,000 after buying an additional 784 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Callidus Software during the first quarter valued at approximately $146,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Callidus Software by 1,877.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock valued at $171,000 after buying an additional 6,703 shares in the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.
Callidus Software (CALD) opened at 24.05 on Tuesday. The stock’s market capitalization is $1.63 billion. Callidus Software has a 12 month low of $15.15 and a 12 month high of $25.90. The firm’s 50-day moving average is $23.97 and its 200-day moving average is $21.58.
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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