Callidus Software (CALD) is Resumed by Credit Suisse to Outperform, Price Target at $22

Callidus Software (CALD) was Resumed by Credit Suisse to “Outperform” and the brokerage firm has set the Price Target at $22. Credit Suisse advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on Callidus Software. Credit Suisse Resumed Callidus Software on Sep 19, 2016 to “Outperform”, Price Target of the shares are set at $22.Dougherty & Company Downgraded Callidus Software on Sep 19, 2016 to ” Sell”, Price Target of the shares are set at $15.Callidus Software was Downgraded by Dougherty & Company to ” Neutral” 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 opened for trading at $18.71 and hit $19.15 on the upside on Friday, eventually ending the session at $18.88, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 3,348,938 shares. Company has a market cap of $1,079 M.

In a different news, on Aug 16, 2016, Charles Boesenberg (director) sold 17,670 shares at $19.77 per share price. According to the SEC, on Aug 16, 2016, Leslie Stretch (President and CEO) sold 7,000 shares at $19.78 per share price. On Aug 16, 2016, Jimmy C. Duan (EVP, Chief Technology Officer) sold 10,000 shares at $19.67 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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