Callidus Software, Inc. (CALD) Expected to Announce Earnings of $0.08 Per Share
Equities analysts expect that Callidus Software, Inc. (NASDAQ:CALD) will announce $0.08 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for Callidus Software’s earnings, with estimates ranging from $0.07 to $0.08. Callidus Software also posted earnings of $0.08 per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Callidus Software will report full-year earnings of $0.32 per share for the current year, with EPS estimates ranging from $0.32 to $0.33. For the next year, analysts expect that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.41 to $0.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Callidus Software.
Callidus Software (NASDAQ:CALD) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.13). Callidus Software had a negative net margin of 10.08% and a negative return on equity of 6.25%. The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $58.95 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis.
Several research analysts have recently weighed in on the company. Zacks Investment Research lowered Callidus Software from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $30.00 price objective on shares of Callidus Software in a research report on Friday, September 29th. B. Riley reissued a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a research report on Wednesday, September 27th. BidaskClub downgraded Callidus Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies set a $27.00 target price on Callidus Software and gave the company a “buy” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.57.
Callidus Software (NASDAQ:CALD) opened at 24.90 on Friday. Callidus Software has a 1-year low of $15.15 and a 1-year high of $27.35. The firm’s market capitalization is $1.68 billion. The firm has a 50-day moving average price of $25.17 and a 200-day moving average price of $23.41.
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In other Callidus Software news, insider Leslie Stretch sold 37,187 shares of Callidus Software stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.30, for a total transaction of $903,644.10. Following the completion of the transaction, the insider now owns 349,145 shares in the company, valued at approximately $8,484,223.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $23.89, for a total value of $131,395.00. Following the transaction, the chief financial officer now owns 159,201 shares of the company’s stock, valued at approximately $3,803,311.89. The disclosure for this sale can be found here. Insiders have sold a total of 66,550 shares of company stock valued at $1,632,039 in the last quarter. Company insiders own 1.61% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in CALD. Bank of New York Mellon Corp boosted its stake in Callidus Software by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 317,697 shares of the technology company’s stock valued at $6,783,000 after purchasing an additional 12,684 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Callidus Software in the 1st quarter worth approximately $103,000. American International Group Inc. boosted its stake in shares of Callidus Software by 15.3% in the 1st quarter. American International Group Inc. now owns 36,889 shares of the technology company’s stock worth $788,000 after buying an additional 4,902 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Callidus Software by 2.9% in the 1st quarter. Teachers Advisors LLC now owns 99,509 shares of the technology company’s stock worth $2,125,000 after buying an additional 2,808 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Callidus Software by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 2,750,739 shares of the technology company’s stock worth $58,728,000 after buying an additional 138,898 shares during the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.
About Callidus Software
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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