Equities analysts expect Callidus Software, Inc. (NASDAQ:CALD) to report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Callidus Software’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.07. Callidus Software also reported earnings of $0.08 per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Callidus Software will report full year earnings of $0.32 per share for the current year, with EPS estimates ranging from $0.32 to $0.33. For the next fiscal year, analysts anticipate that the business will post earnings of $0.45 per share, with EPS estimates ranging from $0.41 to $0.56. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Callidus Software.

Callidus Software (NASDAQ:CALD) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $58.95 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis.

CALD has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and issued a $24.50 price objective on shares of Callidus Software in a research report on Friday, May 5th. Jefferies Group LLC began coverage on shares of Callidus Software in a research report on Wednesday, July 26th. They set a “buy” rating and a $29.00 target price on the stock. BidaskClub lowered shares of Callidus Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $27.00 target price on shares of Callidus Software and gave the stock a “buy” rating in a research report on Saturday, August 5th. Finally, ValuEngine raised shares of Callidus Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.13.

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In related news, CFO Roxanne Oulman sold 5,500 shares of Callidus Software stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $23.89, for a total transaction of $131,395.00. Following the transaction, the chief financial officer now directly owns 159,201 shares of the company’s stock, valued at $3,803,311.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Leslie Stretch sold 37,187 shares of Callidus Software stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $24.30, for a total transaction of $903,644.10. Following the transaction, the insider now directly owns 349,145 shares in the company, valued at $8,484,223.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,059 shares of company stock worth $4,244,764. Corporate insiders own 1.61% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. raised its position in shares of Callidus Software by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 761,808 shares of the technology company’s stock valued at $16,265,000 after buying an additional 57,547 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Callidus Software during the first quarter valued at about $493,000. American International Group Inc. raised its position in shares of Callidus Software by 15.3% in the first quarter. American International Group Inc. now owns 36,889 shares of the technology company’s stock valued at $788,000 after buying an additional 4,902 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Callidus Software during the first quarter valued at about $5,421,000. Finally, Geode Capital Management LLC raised its position in shares of Callidus Software by 7.2% in the first quarter. Geode Capital Management LLC now owns 522,077 shares of the technology company’s stock valued at $11,146,000 after buying an additional 35,252 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors.

Callidus Software (NASDAQ CALD) opened at 25.75 on Friday. The company’s 50-day moving average price is $24.18 and its 200-day moving average price is $22.02. Callidus Software has a one year low of $15.15 and a one year high of $25.90. The stock’s market cap is $1.74 billion.

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

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