Wall Street analysts expect that Callidus Software Inc. (NASDAQ:CALD) will report sales of $69.08 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Callidus Software’s earnings. The highest sales estimate is $70.00 million and the lowest is $68.30 million. Callidus Software posted sales of $58.14 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.8%. The firm is expected to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Callidus Software will report full year sales of $69.08 million for the current fiscal year, with estimates ranging from $296.53 million to $300.60 million. For the next fiscal year, analysts expect that the business will report sales of $359.11 million per share, with estimates ranging from $354.98 million to $363.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Callidus Software.
A number of analysts have commented on CALD shares. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Craig Hallum lowered shares of Callidus Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Roth Capital lowered shares of Callidus Software from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Tuesday, January 30th. Zacks Investment Research lowered shares of Callidus Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 target price on shares of Callidus Software in a research note on Wednesday, November 1st. Eleven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Callidus Software currently has an average rating of “Hold” and an average target price of $32.91.
In other news, insider Leslie Stretch sold 15,354 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total value of $434,978.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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. Corporate insiders own 1.61% of the company’s stock.
Several large investors have recently modified their holdings of CALD. Principal Financial Group Inc. purchased a new position in shares of Callidus Software in the 2nd quarter worth about $217,000. JPMorgan Chase & Co. boosted its holdings in shares of Callidus Software by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after buying an additional 492 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Callidus Software by 1.5% in the 2nd quarter. Alliancebernstein L.P. now owns 76,200 shares of the technology company’s stock worth $1,844,000 after buying an additional 1,100 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Callidus Software by 17.5% in the 2nd quarter. Teachers Advisors LLC now owns 116,950 shares of the technology company’s stock worth $2,830,000 after buying an additional 17,441 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Callidus Software by 5.8% in the 2nd quarter. BlackRock Inc. now owns 4,035,198 shares of the technology company’s stock worth $97,652,000 after buying an additional 220,174 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.
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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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