Market Overview

Callidus Software Ends Day Up 7.1% After Hitting 52-Week High (CALD)

Shares of Callidus Software, Inc. (Nasdaq: CALD) ended Wednesday trading up 7.1% at $6.47 per share.

The company announced preliminary 4th quarter results on Tuesday after the market closed.

The company said that it expects 4th quarter revenue to have increased 21% to 23% year over year to be in the range of $18.7 to $19 million.

The day's trading range for shares of Callidus Software, Inc was $6.19 to a 52-week high of $6.56 per share.

Analysts covering Callidus Software, Inc stock give it a consensus price target of $6.33 per share.

Trading volume for Callidus Software, Inc. (CALD) was heavy, with 1.1 million shares traded today, more than 5 times the daily average volume of 204,000 shares.

Callidus Software, Inc is the market and technology leader in Sales Performance Management (SPM).

Over 2 million employees and channel partners have their performance managed by the company's software.

Read more from Benzinga's Company news.

Posted-In: Earnings News Guidance Intraday Update Movers Tech

 

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