Dougherty & Company Downgrades Callidus Software to Neutral

Brokerage firm Dougherty & Company Downgrades its rating on Callidus Software(NASDAQ:CALD). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Dougherty & Company was issued on Aug 3, 2016.

Callidus Software (CALD) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -1.01% at a volume of 3,32,850. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.83. The peak price level was also seen at $19.83 while the days lowest was $19.54. Finally the shares closed at $19.65. The 52-week high of the shares is $21.64 while the 52-week low is $11.48. According to the latest information available, the market cap of the company is $1,123 M.

Callidus Software(CALD) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $49.75M. Analysts had an estimated revenue of $50.32M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Mark Culhane (director) sold 15,000 shares at $17.15 per share price.Also, 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.

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