Callidus Software Inc. CALD was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 25.5% in the past one-month time frame.
The shares rose after SAP SE SAP announced to acquire Callidus Software for $2.4 billion.
The Zacks Consensus Estimate for the current quarter has remained unchanged over past two months. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Callidus Software currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Callidus Software, Inc. Price and Consensus
A better ranked stock in the Computer – Software industry is Aspen Technology, Inc. AZPN which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CALD going up? Or down? Predict to see what others think: Up or Down
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