Equities research analysts predict that Callidus Software, Inc. (NASDAQ:CALD) will post $65.54 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Callidus Software’s earnings, with the lowest sales estimate coming in at $65.30 million and the highest estimate coming in at $65.89 million. Callidus Software reported sales of $56.08 million in the same quarter last year, which indicates a positive year over year growth rate of 16.9%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Callidus Software will report full-year sales of $65.54 million for the current year, with estimates ranging from $246.90 million to $249.47 million. For the next financial year, analysts forecast that the business will report sales of $299.15 million per share, with estimates ranging from $296.54 million to $300.60 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Callidus Software.

Several equities analysts have recently weighed in on CALD shares. Jefferies Group raised their price target on shares of Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Callidus Software from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price target on shares of Callidus Software in a research note on Wednesday, November 1st. Oppenheimer reaffirmed a “buy” rating and set a $30.00 target price on shares of Callidus Software in a research note on Friday, September 29th. Finally, Credit Suisse Group lifted their target price on shares of Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Callidus Software presently has a consensus rating of “Buy” and a consensus target price of $29.67.

In other Callidus Software news, EVP Jimmy C. Duan sold 15,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $29.25, for a total transaction of $438,750.00. Following the completion of the transaction, the executive vice president now owns 300,075 shares in the company, valued at approximately $8,777,193.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Roxanne Oulman sold 6,200 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $28.01, for a total transaction of $173,662.00. The disclosure for this sale can be found here. 1.61% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Callidus Software by 10.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after purchasing an additional 492 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Callidus Software by 17.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after purchasing an additional 858 shares during the last quarter. US Bancorp DE boosted its stake in shares of Callidus Software by 3.5% during the 2nd quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock worth $168,000 after purchasing an additional 236 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Callidus Software by 49.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock worth $171,000 after acquiring an additional 2,309 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Callidus Software by 1,877.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock worth $171,000 after acquiring an additional 6,703 shares during the period. Institutional investors own 92.13% of the company’s stock.

Shares of Callidus Software (NASDAQ:CALD) traded up $0.50 during midday trading on Thursday, hitting $27.55. 331,787 shares of the stock traded hands, compared to its average volume of 399,352. Callidus Software has a 1-year low of $16.02 and a 1-year high of $30.60.

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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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Earnings History and Estimates for Callidus Software (NASDAQ:CALD)

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