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Fly News Breaks for May 4, 2016
CALD
May 4, 2016 | 07:22 EDT
Oppenheimer analyst Brian Schwartz believes Callidus Software's stock weakness offers a "good" buying moment. The analyst continues to expect multiple expansion this year given a mix shift to a higher recurring model. "Solid" Q1 results increase confidence that the company will achieve its revenue growth target in 2016 while boosting profit margins and expanding its share of the sales performance management market, Schwartz tells investors in a research note. The analyst reiterates an Outperform rating and $22 price target on the shares.
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