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Fly News Breaks for May 1, 2015
CALD
May 1, 2015 | 07:54 EDT
After Callidus delivered beat and raise results, Oppenheimer thinks the company can achieve 30%+ SaaS revenue growth; 20%+ total revenue growth; and double its operating margins to 12% over the next two years. The firm also expects the gap between Callidus' valuation and that of its peers to narrow over the next two years. It keeps a $20 price target and reiterates an Outperform rating on the shares.
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