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

Shares of Callidus Software, Inc. 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.