Callidus Software (NASDAQ:CALD) Receiving Somewhat Favorable Press Coverage, Report Finds
News headlines about Callidus Software (NASDAQ:CALD) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Callidus Software earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.6501606469007 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Scripps Networks Interactive, Inc (SNI) Shares Sold by IFP Advisors Inc (topactu.net)
- Callidus Software, Inc. (NASDAQ:CALD) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Callidus Software, Inc. (CALD) CFO Sells $131,395.00 in Stock (americanbankingnews.com)
- Callidus Software, Inc. (CALD) Insider Sells $903,644.10 in Stock (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Callidus Software Inc. (finance.yahoo.com)
Several analysts have recently commented on CALD shares. BidaskClub upgraded Callidus Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Dougherty & Co upgraded Callidus Software from a “sell” rating to a “neutral” rating in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. raised their target price on Callidus Software to $30.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Piper Jaffray Companies set a $27.00 target price on Callidus Software and gave the company a “buy” rating in a research note on Saturday, August 5th. Finally, ValuEngine upgraded Callidus Software from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Callidus Software has a consensus rating of “Buy” and a consensus target price of $25.13.
Callidus Software (CALD) traded up 0.43% during trading on Friday, reaching $23.35. The company’s stock had a trading volume of 201,899 shares. The company has a 50-day moving average of $23.98 and a 200 day moving average of $21.50. The firm’s market cap is $1.58 billion. Callidus Software has a one year low of $15.15 and a one year high of $25.90.
Callidus Software (NASDAQ:CALD) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $58.95 million. During the same period in the prior year, the business posted $0.06 EPS. Callidus Software’s revenue for the quarter was up 23.1% on a year-over-year basis. Analysts expect that Callidus Software will post $0.33 EPS for the current fiscal year.
In other Callidus Software news, EVP Jimmy C. Duan sold 14,863 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $25.18, for a total transaction of $374,250.34. Following the completion of the transaction, the executive vice president now owns 322,236 shares of the company’s stock, valued at $8,113,902.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leslie Stretch sold 50,717 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $23.12, for a total transaction of $1,172,577.04. Following the transaction, the insider now directly owns 496,128 shares of the company’s stock, valued at approximately $11,470,479.36. The disclosure for this sale can be found here. Insiders have sold 221,776 shares of company stock valued at $5,417,341 in the last ninety days. Insiders own 1.61% of the company’s stock.
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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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