Callidus Software (CALD) is Downgraded by Dougherty & Company to Neutral

Callidus Software (CALD) was Downgraded by Dougherty & Company to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Dougherty & Company advised their investors in a research report released on Aug 3, 2016.

On the company’s financial health, Callidus Software reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.05. The company had revenue of $49.80 million for the quarter, compared to analysts expectations of $50.32 million. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Callidus Software closed down -1.11 points or -5.26% at $19.98 with 7,56,580 shares getting traded on Tusday. Post opening the session at $21.16, the shares hit an intraday low of $19.7 and an intraday high of $21.16 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 17, 2016, Mark Culhane (director) sold 15,000 shares at $17.15 per share price. According to the SEC, on May 17, 2016, Bob L Corey (EVP, Chief Financial Officer) sold 15,000 shares at $17.12 per share price. On May 17, 2016, Jimmy C. Duan (EVP, Chief Technology Officer) sold 20,000 shares at $17.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Callidus Software Inc. is a provider of cloud-based sales marketing learning and customer experience solutions. The Company’s CallidusCloud enables its customers to accelerate 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 for competitive advantage. The Company provides a range of services to its customers including professional services business process outsourcing services maintenance and technical support services and education services. Territory and Quota helps customers evaluate their territory quota distribution plans and strategies for meeting corporate sales goals.

Callidus Software

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