News headlines about Callidus Software (NASDAQ:CALD) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Callidus Software earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.1585759050322 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Callidus Software (CALD) & Top Image Systems (TISA) Head to Head Survey (americanbankingnews.com)
- CallidusCloud Announces 2017 Financial Analyst Day (finance.yahoo.com)
- Contrasting Callidus Software (CALD) and Citrix Systems (CTXS) (americanbankingnews.com)
- Intangent and CallidusCloud Announce Partnership to Maximize Lead to Money Process Effectiveness (finance.yahoo.com)
A number of brokerages have recently commented on CALD. Piper Jaffray Companies set a $27.00 target price on Callidus Software and gave the stock a “buy” rating in a research note on Saturday, August 5th. B. Riley restated a “buy” rating and issued a $28.00 target price on shares of Callidus Software in a research note on Wednesday, August 9th. Jefferies Group LLC began coverage on Callidus Software in a research note on Wednesday, July 26th. They issued a “buy” rating and a $29.00 target price on the stock. ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.13.
Callidus Software (CALD) traded up 0.59% during trading on Friday, reaching $25.50. The company had a trading volume of 664,667 shares. Callidus Software has a 1-year low of $15.15 and a 1-year high of $25.90. The firm has a 50-day moving average of $24.49 and a 200-day moving average of $22.37. The stock’s market capitalization is $1.72 billion.
Callidus Software (NASDAQ:CALD) last announced its quarterly earnings data 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 net margin of 10.08% and a negative return on equity of 6.25%. The business had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $58.95 million. During the same period in the prior year, the firm posted $0.06 EPS. Callidus Software’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Callidus Software will post $0.33 EPS for the current fiscal year.
In other news, insider Leslie Stretch sold 104,509 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $25.00, for a total transaction of $2,612,725.00. Following the sale, the insider now owns 324,145 shares of the company’s stock, valued at approximately $8,103,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jimmy C. Duan sold 14,863 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $25.18, for a total value of $374,250.34. Following the sale, the executive vice president now directly owns 322,236 shares in the company, valued at approximately $8,113,902.48. The disclosure for this sale can be found here. Insiders have sold a total of 171,059 shares of company stock worth $4,244,764 in the last three months. Corporate insiders own 1.61% of the company’s stock.
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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