Callidus Software (CALD) Earning Somewhat Positive Press Coverage, Accern Reports
Media headlines about Callidus Software (NASDAQ:CALD) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Callidus Software earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.3714359427606 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CALD has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Callidus Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of Callidus Software in a report on Friday, August 4th. Dougherty & Co upgraded shares of Callidus Software from a “sell” rating to a “neutral” rating in a report on Monday, May 8th. Piper Jaffray Companies set a $27.00 price objective on shares of Callidus Software and gave the stock a “buy” rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC initiated coverage on shares of Callidus Software in a report on Wednesday, July 26th. They set a “buy” rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Callidus Software presently has an average rating of “Buy” and a consensus price target of $25.13.
Callidus Software (NASDAQ:CALD) traded down 0.21% on Thursday, reaching $23.95. 113,424 shares of the company were exchanged. Callidus Software has a 12-month low of $15.15 and a 12-month high of $25.90. The company’s 50-day moving average price is $23.98 and its 200-day moving average price is $21.83. The stock’s market capitalization is $1.62 billion.
Callidus Software (NASDAQ:CALD) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.13. Callidus Software had a negative return on equity of 6.25% and a negative net margin of 10.08%. The business had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $58.95 million. During the same period last year, the firm posted $0.06 EPS. Callidus Software’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities research analysts anticipate that Callidus Software will post $0.33 earnings per share for the current fiscal year.
In other Callidus Software news, EVP Jimmy C. Duan sold 14,863 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $25.18, for a total value of $374,250.34. Following the completion of the transaction, the executive vice president now owns 322,236 shares of the company’s stock, valued at approximately $8,113,902.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leslie Stretch sold 50,717 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $23.12, for a total value of $1,172,577.04. Following the completion of the transaction, the insider now directly owns 496,128 shares of the company’s stock, valued at approximately $11,470,479.36. The disclosure for this sale can be found here. In the last three months, insiders sold 221,776 shares of company stock valued at $5,417,341. 1.61% of the stock is owned by insiders.
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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