Brokerages expect Calix, Inc (NYSE:CALX) to post $127.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Calix’s earnings, with the highest sales estimate coming in at $128.02 million and the lowest estimate coming in at $127.60 million. Calix posted sales of $121.19 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that Calix will report full year sales of $127.87 million for the current financial year, with estimates ranging from $504.79 million to $519.50 million. For the next financial year, analysts expect that the business will report sales of $543.90 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Calix.
Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.15). The business had revenue of $126.12 million during the quarter, compared to the consensus estimate of $123.70 million. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share.
Several research firms have recently issued reports on CALX. Northland Securities set a $7.00 target price on Calix and gave the company a “hold” rating in a report on Monday, August 7th. BidaskClub lowered Calix from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $7.00 target price on shares of Calix in a report on Friday, October 6th. Finally, ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.50.
Shares of Calix (NYSE CALX) traded down 0.92% on Friday, reaching $5.40. The company’s stock had a trading volume of 324,834 shares. The company’s 50 day moving average is $5.24 and its 200-day moving average is $6.13. The firm’s market cap is $271.66 million. Calix has a 1-year low of $4.65 and a 1-year high of $8.10.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Calix by 3.5% during the second quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock valued at $23,694,000 after purchasing an additional 115,818 shares during the period. Dimensional Fund Advisors LP grew its holdings in Calix by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,152,512 shares of the communications equipment provider’s stock valued at $21,595,000 after purchasing an additional 25,713 shares during the period. Lapides Asset Management LLC grew its holdings in Calix by 1.6% during the second quarter. Lapides Asset Management LLC now owns 2,926,600 shares of the communications equipment provider’s stock valued at $20,047,000 after purchasing an additional 44,800 shares during the period. Renaissance Technologies LLC grew its holdings in Calix by 8.9% during the second quarter. Renaissance Technologies LLC now owns 2,626,018 shares of the communications equipment provider’s stock valued at $17,988,000 after purchasing an additional 214,418 shares during the period. Finally, Divisar Capital Management LLC grew its holdings in Calix by 479.1% during the second quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock valued at $7,352,000 after purchasing an additional 887,915 shares during the period. 64.88% of the stock is owned by institutional investors and hedge funds.
Calix Company Profile
Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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