Oppenheimer Maintains an 'Outperform' on Callidus Software (CALD); Q2 Preview
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Price: $36.00 --0%
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer maintains an 'Outperform' on Callidus Software (NASDAQ: CALD) price target of $8.00.
Analyst, Brian Schwartz, said, "We think Q2 held up well for Callidus against low Street expectations and sentiment. We sense a more focused sales organization and tighter monitoring of deal closure and billing-terms by management likely helped Callidus avoid the deal slippage and shorter contract-duration problems of last quarter. Bottom Line: We remain optimistic that Callidus' acquisition-driven product strategy will re-energize its product portfolio (once fully integrated to the CallidusCloud platform later this year), and put the company in a better position to monetize its large customer base."
For an analyst ratings summary and ratings history on Callidus Software click here. For more ratings news on Callidus Software click here.
Shares of Callidus Software closed at $4.63 yesterday.
Analyst, Brian Schwartz, said, "We think Q2 held up well for Callidus against low Street expectations and sentiment. We sense a more focused sales organization and tighter monitoring of deal closure and billing-terms by management likely helped Callidus avoid the deal slippage and shorter contract-duration problems of last quarter. Bottom Line: We remain optimistic that Callidus' acquisition-driven product strategy will re-energize its product portfolio (once fully integrated to the CallidusCloud platform later this year), and put the company in a better position to monetize its large customer base."
For an analyst ratings summary and ratings history on Callidus Software click here. For more ratings news on Callidus Software click here.
Shares of Callidus Software closed at $4.63 yesterday.
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