Media coverage about Calix (NYSE:CALX) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Calix earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 45.0851719890677 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research analysts have commented on the company. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded Calix from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Jefferies Group reissued a “hold” rating and issued a $7.00 price objective on shares of Calix in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.50.
Calix (NYSE:CALX) traded down $0.25 during mid-day trading on Thursday, hitting $6.05. The stock had a trading volume of 232,000 shares, compared to its average volume of 208,636. Calix has a 1 year low of $4.65 and a 1 year high of $7.75. The company has a market cap of $317.49, a price-to-earnings ratio of -3.71 and a beta of 0.70.
Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.04). Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The business had revenue of $128.80 million during the quarter, compared to the consensus estimate of $127.92 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. research analysts forecast that Calix will post -1.53 earnings per share for the current year.
In other Calix news, CFO Cory Sindelar acquired 5,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was purchased at an average cost of $6.70 per share, with a total value of $33,500.00. Following the transaction, the chief financial officer now owns 15,000 shares in the company, valued at approximately $100,500. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 16.50% of the company’s stock.
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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