Dougherty & Company Downgrades Callidus Software to Sell

Brokerage firm Dougherty & Company Downgrades its rating on Callidus Software(NASDAQ:CALD). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Dougherty & Company was issued on Sep 19, 2016.

In a different note, On Sep 19, 2016, Credit Suisse said it Reinstates its rating on Callidus Software. The shares have been rated ‘Outperform’ by the firm. On Aug 3, 2016, Dougherty & Company said it Downgrades its rating on Callidus Software. The shares have been rated ‘Neutral’ by the firm.

Callidus Software (CALD) made into the market gainers list on Thursdays trading session with the shares advancing 1.34% or 0.24 points. Due to strong positive momentum, the stock ended at $18.17, which is also near the day’s high of $18.31. The stock began the session at $18.17 and the volume stood at 6,66,807 shares. The 52-week high of the shares is $21.64 and the 52 week low is $11.48. The company has a current market capitalization of $1,039 M and it has 5,71,57,616 shares in outstanding.

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 Aug 16, 2016, Charles Boesenberg (director) sold 17,670 shares at $19.77 per share price.Also, 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.

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