Callidus Software (CALD) Earning Somewhat Positive Press Coverage, Analysis Shows
Press coverage about Callidus Software (NASDAQ:CALD) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Callidus Software earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.9690343075913 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- CallidusCloud Positioned as a Leader in Gartner’s 2018 Magic Quadrant for Sales Performance Management (tmcnet.com)
- CallidusCloud Positioned as a Leader in Gartner’s 2018 Magic Quadrant for Sales Performance Management (finance.yahoo.com)
- EXA (EXA) versus Callidus Software (CALD) Critical Review (americanbankingnews.com)
- Reviewing Gridsum (GSUM) & Callidus Software (CALD) (americanbankingnews.com)
- Litmos by CallidusCloud Wins 3 Gold awards in 2017 Brandon Hall Group Excellence in Technology Awards (finance.yahoo.com)
A number of analysts have commented on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $33.00 price objective on shares of Callidus Software in a research report on Monday, December 4th. B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of Callidus Software in a research report on Wednesday, September 27th. Zacks Investment Research downgraded Callidus Software from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group raised their price objective on Callidus Software from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, First Analysis assumed coverage on Callidus Software in a research report on Friday, November 17th. They issued an “equal weight” rating and a $32.00 price objective for the company. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $30.20.
Callidus Software (NASDAQ:CALD) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Callidus Software had a negative return on equity of 5.67% and a negative net margin of 9.54%. equities analysts forecast that Callidus Software will post -0.15 earnings per share for the current year.
In related news, CFO Roxanne Oulman sold 6,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $28.01, for a total transaction of $173,662.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jimmy C. Duan sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $29.25, for a total value of $438,750.00. Following the transaction, the executive vice president now owns 300,075 shares of the company’s stock, valued at approximately $8,777,193.75. The disclosure for this sale can be found here. Insiders have sold a total of 36,554 shares of company stock valued at $1,047,391 in the last 90 days. 1.61% of the stock is owned by corporate insiders.
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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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