$69.83 Million in Sales Expected for Callidus Software Inc. (CALD) This Quarter

Wall Street analysts expect that Callidus Software Inc. (NASDAQ:CALD) will post $69.83 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Callidus Software’s earnings. The lowest sales estimate is $68.30 million and the highest is $72.90 million. Callidus Software posted sales of $58.14 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.1%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Callidus Software will report full-year sales of $69.83 million for the current year, with estimates ranging from $298.70 million to $311.90 million. For the next year, analysts forecast that the firm will report sales of $361.43 million per share, with estimates ranging from $354.98 million to $365.62 million. Zacks’ sales averages are an average based on a survey of research firms that cover Callidus Software.

CALD has been the subject of a number of recent analyst reports. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 target price on shares of Callidus Software in a research report on Wednesday, November 1st. Credit Suisse Group increased their target price on shares of Callidus Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group raised their price objective on shares of Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a research report 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 price objective for the company in a research report on Tuesday, November 7th. Finally, First Analysis began coverage on shares of Callidus Software in a research report on Friday, November 17th. They set an “equal weight” rating and a $32.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Callidus Software presently has a consensus rating of “Hold” and a consensus price target of $32.91.

In other news, insider Leslie Stretch sold 15,354 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $28.33, for a total transaction of $434,978.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.61% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CALD. Principal Financial Group Inc. bought a new position in shares of Callidus Software in the 2nd quarter worth $217,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 492 shares in the last quarter. Alliancebernstein L.P. lifted 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 purchasing an additional 1,100 shares in the last quarter. Teachers Advisors LLC lifted 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 purchasing an additional 17,441 shares in the last quarter. Finally, BlackRock Inc. lifted 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 purchasing an additional 220,174 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Callidus Software (NASDAQ:CALD) traded up $0.15 during trading hours on Tuesday, reaching $35.90. 1,620,000 shares of the company’s stock were exchanged, compared to its average volume of 2,050,000. The firm has a market cap of $2,450.00, a P/E ratio of -115.81 and a beta of 1.15. Callidus Software has a twelve month low of $18.38 and a twelve month 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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$69.83 Million in Sales Expected for Callidus Software Inc. (CALD) This Quarter

Analysts expect Callidus Software Inc. (NASDAQ:CALD) to announce sales of $69.83 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Callidus Software’s earnings. The highest sales estimate is $72.90 million and the lowest is $68.30 million. Callidus Software reported sales of $58.14 million during the same quarter last year, which indicates a positive year over year growth rate of 20.1%. The business is expected to issue its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Callidus Software will report full year sales of $69.83 million for the current financial year, with estimates ranging from $298.70 million to $311.90 million. For the next fiscal year, analysts expect that the firm will post sales of $361.43 million per share, with estimates ranging from $354.98 million to $365.62 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Callidus Software.

A number of equities research analysts recently weighed in on the stock. Jefferies Group downgraded shares of Callidus Software from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research report on Friday, February 9th. Dougherty & Co downgraded shares of Callidus Software from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Craig Hallum downgraded shares of Callidus Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. B. Riley downgraded shares of Callidus Software from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $28.00 to $36.00 in a research report on Wednesday, January 31st. Finally, Roth Capital downgraded shares of Callidus Software from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Tuesday, January 30th. Eleven analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Callidus Software currently has a consensus rating of “Hold” and an average price target of $32.91.

In other Callidus Software 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.61% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in 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 purchasing an additional 492 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Callidus Software by 17.9% in 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. Great West Life Assurance Co. Can grew its position in Callidus Software by 49.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 6,973 shares of the technology company’s stock worth $171,000 after purchasing an additional 2,309 shares during the last quarter. Amalgamated Bank bought a new position in Callidus Software in the 2nd quarter worth about $200,000. Finally, Trexquant Investment LP bought a new position in Callidus Software in the 3rd quarter worth about $204,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Shares of Callidus Software (NASDAQ:CALD) traded up $0.15 during trading on Tuesday, hitting $35.90. 1,620,000 shares of the stock were exchanged, compared to its average volume of 2,050,000. Callidus Software has a 1-year low of $18.38 and a 1-year high of $36.25. The firm has a market cap of $2,450.00, a price-to-earnings ratio of -115.81 and a beta of 1.15.

WARNING: “$69.83 Million in Sales Expected for Callidus Software Inc. (CALD) This Quarter” was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/18/69-83-million-in-sales-expected-for-callidus-software-inc-cald-this-quarter.html.

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.

Get a free copy of the Zacks research report on Callidus Software (CALD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Callidus Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callidus Software and related companies with MarketBeat.com's FREE daily email newsletter.

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