Calix Inc (CALX) Expected to Post Quarterly Sales of $142.34 Million

Analysts expect that Calix Inc (NYSE:CALX) will announce sales of $142.34 million for the current quarter, Zacks reports. Three analysts have provided estimates for Calix’s earnings, with estimates ranging from $140.42 million to $144.10 million. Calix reported sales of $131.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Calix will report full-year sales of $142.34 million for the current fiscal year, with estimates ranging from $512.89 million to $516.60 million. For the next year, analysts anticipate that the firm will post sales of $543.95 million per share, with estimates ranging from $536.00 million to $555.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Calix.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.04). The business had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. Calix’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered Calix from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group reissued a “hold” rating and set a $7.00 price target on shares of Calix in a research note on Friday, October 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.50.

In other news, CFO Cory Sindelar purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average price of $6.70 per share, with a total value of $33,500.00. Following the purchase, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $100,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 16.50% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of CALX. Schwab Charles Investment Management Inc. lifted its stake in Calix by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 160,938 shares of the communications equipment provider’s stock valued at $1,103,000 after buying an additional 1,102 shares in the last quarter. Rhumbline Advisers lifted its stake in Calix by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 51,332 shares of the communications equipment provider’s stock valued at $352,000 after buying an additional 690 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Calix by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after buying an additional 729 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in Calix in the 2nd quarter valued at approximately $219,000. Finally, Teachers Advisors LLC lifted its stake in Calix by 20.7% in the 2nd quarter. Teachers Advisors LLC now owns 90,958 shares of the communications equipment provider’s stock valued at $623,000 after buying an additional 15,590 shares in the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Calix (NYSE:CALX) remained flat at $$6.40 during trading hours on Friday. The company had a trading volume of 317,274 shares, compared to its average volume of 247,008. The firm has a market cap of $307.41, a PE ratio of -3.93 and a beta of 0.70. Calix has a 12-month low of $4.65 and a 12-month high of $7.75.

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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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