Brokerages forecast that Callidus Software Inc. (NASDAQ:CALD) will post $0.10 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Callidus Software’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.08. Callidus Software posted earnings of $0.06 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Callidus Software will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.60. For the next year, analysts forecast that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.63 to $0.83. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Callidus Software.
A number of analysts have recently issued reports on CALD shares. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 target price on shares of Callidus Software in a research note on Wednesday, November 1st. Credit Suisse Group boosted their target price on shares of Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group boosted their target price on shares of Callidus Software from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Callidus Software from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research note on Tuesday, November 7th. Finally, First Analysis started coverage on shares of Callidus Software in a research note on Friday, November 17th. They set an “equal weight” rating and a $32.00 target price for the company. Eleven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Callidus Software has an average rating of “Hold” and an average target price of $32.91.
In related news, insider Leslie Stretch sold 15,354 shares of the company’s stock in a transaction dated 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 through the SEC website. 1.61% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in CALD. JPMorgan Chase & Co. lifted its stake in Callidus Software by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock worth $127,000 after acquiring an additional 492 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Callidus Software by 17.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,661 shares of the technology company’s stock worth $137,000 after acquiring an additional 858 shares during the period. Great West Life Assurance Co. Can lifted its stake in Callidus Software by 49.5% in the third 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. Amalgamated Bank purchased a new stake in Callidus Software in the second quarter worth about $200,000. Finally, Trexquant Investment LP purchased a new stake in Callidus Software in the third quarter worth about $204,000. 94.22% of the stock is owned by institutional investors.
Shares of Callidus Software (CALD) traded up $0.15 on Friday, hitting $35.90. 1,620,020 shares of the stock were exchanged, compared to its average volume of 1,889,379. The stock has a market capitalization of $2,443.91, a price-to-earnings ratio of -115.32 and a beta of 1.16. Callidus Software has a 1 year low of $18.38 and a 1 year high of $36.25.
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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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