Callidus Software (CALD) Shares are Up 2.65%

Callidus Software (CALD) has been under a strong bear grip, hence the stock is down -0.48% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.68% in the past 1 week. The stock has risen by 2.65% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.1% in the past 4 weeks.

Callidus Software Inc. is up 15.52% in the last 3-month period. Year-to-Date the stock performance stands at 8.62%. The stock has recorded a 20-day Moving Average of 1.65% and the 50-Day Moving Average is 1.73%.


Callidus Software (NASDAQ:CALD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.79 and $19.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.17, notching a gain of 1.92% for the day. The total traded volume was 639,075 . The stock had closed at $19.79 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Dougherty & Company, downgrades their rating on the shares of Callidus Software (NASDAQ:CALD). Dougherty & Company has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 3, 2016.

Callidus Software Inc. is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Companys 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.

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