Analysts predict that Callidus Software Inc. (NASDAQ:CALD) will report earnings of $0.10 per share for the current quarter, according to Zacks. Six analysts have made estimates for Callidus Software’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.14. Callidus Software reported earnings per share of $0.06 in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The company is scheduled to issue its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Callidus Software will report full year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.46 to $0.60. For the next fiscal year, analysts expect that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.63 to $0.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Callidus Software.
CALD has been the subject of several research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price target on shares of Callidus Software in a research note on Wednesday, November 1st. Credit Suisse Group increased their price target on Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group increased their price target on 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 upgraded Callidus Software from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research note on Tuesday, November 7th. Finally, First Analysis began coverage on Callidus Software in a research note on Friday, November 17th. They set an “equal weight” rating and a $32.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.91.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Callidus Software by 4.8% in the 4th quarter. BlackRock Inc. now owns 4,425,324 shares of the technology company’s stock worth $126,785,000 after purchasing an additional 204,360 shares during the period. Janus Henderson Group PLC boosted its stake in Callidus Software by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,569,127 shares of the technology company’s stock worth $87,979,000 after purchasing an additional 75,187 shares during the period. Vanguard Group Inc. raised its holdings in shares of Callidus Software by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,865,837 shares of the technology company’s stock valued at $69,354,000 after acquiring an additional 115,098 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Callidus Software by 11.7% in the 4th quarter. Macquarie Group Ltd. now owns 2,208,631 shares of the technology company’s stock valued at $63,277,000 after acquiring an additional 231,773 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Callidus Software by 8.6% in the 2nd quarter. State Street Corp now owns 1,213,777 shares of the technology company’s stock valued at $29,375,000 after acquiring an additional 96,462 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.
Callidus Software (NASDAQ CALD) opened at $35.88 on Wednesday. The firm has a market capitalization of $2,385.93, a price-to-earnings ratio of -115.74 and a beta of 1.16. Callidus Software has a 12 month low of $18.38 and a 12 month high of $36.25.
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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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