Callidus Software (CALD) is a software provider company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CALD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Callidus Software could be a solid choice for investors.
Current Quarter Estimates for CALD
The trend has been pretty favorable, with estimates narrowing from a loss of 2 cents a share 30 days ago, to a loss of 1 cent today, a move of 50%.
Current Year Estimates for CALD
The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 9 cents per share 30 days ago to a loss of 8 cents per share today, an increase of 11.1%.
Bottom Line
The stock has also started to move higher lately, adding 30.33% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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