Zacks: Brokerages Anticipate Callidus Software, Inc. (CALD) to Post $0.11 EPS

Equities analysts forecast that Callidus Software, Inc. (NASDAQ:CALD) will post earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Callidus Software’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.12. Callidus Software reported earnings per share of $0.08 in the same quarter last year, which suggests a positive year-over-year growth rate of 37.5%. The company is expected to issue its next earnings results on Tuesday, February 6th.

On average, analysts expect that Callidus Software will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.36. For the next year, analysts anticipate that the firm will post earnings of $0.50 per share, with EPS estimates ranging from $0.45 to $0.60. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Callidus Software.

CALD has been the topic of a number of analyst reports. Credit Suisse Group increased their target price on shares of Callidus Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group increased their target price 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. Piper Jaffray Companies restated a “buy” rating and set a $27.00 target price on shares of Callidus Software in a research report on Wednesday, November 1st. Oppenheimer restated a “buy” rating and set a $30.00 target price on shares of Callidus Software in a research report on Monday, September 18th. Finally, First Analysis assumed coverage on shares of Callidus Software in a research report on Friday, November 17th. They set an “equal weight” rating and a $32.00 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.67.

Callidus Software (NASDAQ CALD) opened at $26.35 on Tuesday. Callidus Software has a 52-week low of $15.35 and a 52-week high of $30.60.

In related news, EVP Jimmy C. Duan sold 15,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $29.25, for a total value of $438,750.00. Following the completion of the transaction, the executive vice president now owns 300,075 shares of the company’s stock, valued at approximately $8,777,193.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Roxanne Oulman sold 6,200 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were 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. Company insiders own 1.61% of the company’s stock.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Callidus Software by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,229 shares of the technology company’s stock valued at $127,000 after purchasing an additional 492 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake 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 valued at $137,000 after purchasing an additional 858 shares during the last quarter. US Bancorp DE lifted its stake in Callidus Software by 3.5% in the 2nd quarter. US Bancorp DE now owns 6,926 shares of the technology company’s stock valued at $168,000 after purchasing an additional 236 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake 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 valued at $171,000 after purchasing an additional 2,309 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Callidus Software by 1,877.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,060 shares of the technology company’s stock valued at $171,000 after purchasing an additional 6,703 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Callidus Software (NASDAQ:CALD)

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