Wall Street analysts expect Calix Inc. (NYSE:CALX) to post earnings per share (EPS) of ($0.18) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Calix’s earnings, with estimates ranging from ($0.20) to ($0.16). Calix reported earnings of ($0.57) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 68.4%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Calix will report full year earnings of ($0.13) per share for the current year, with EPS estimates ranging from ($0.38) to $0.20. For the next financial year, analysts forecast that the company will report earnings of $0.07 per share, with EPS estimates ranging from ($0.09) to $0.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Calix.
Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). The business had revenue of $137.90 million during the quarter, compared to analyst estimates of $142.34 million. Calix had a negative net margin of 16.27% and a negative return on equity of 48.53%.
Several equities research analysts have recently weighed in on CALX shares. Drexel Hamilton reissued a “buy” rating and issued a $8.50 price objective on shares of Calix in a report on Wednesday, March 21st. Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Friday, March 16th. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Northland Securities raised Calix from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $7.25.
Several hedge funds have recently bought and sold shares of CALX. Nokomis Capital L.L.C. raised its stake in shares of Calix by 8.9% during the fourth quarter. Nokomis Capital L.L.C. now owns 4,086,833 shares of the communications equipment provider’s stock worth $24,317,000 after purchasing an additional 335,674 shares during the last quarter. Divisar Capital Management LLC raised its stake in shares of Calix by 29.1% during the fourth quarter. Divisar Capital Management LLC now owns 2,888,305 shares of the communications equipment provider’s stock worth $17,185,000 after purchasing an additional 650,947 shares during the last quarter. State Street Corp raised its stake in shares of Calix by 7.9% during the second quarter. State Street Corp now owns 791,110 shares of the communications equipment provider’s stock worth $5,421,000 after purchasing an additional 57,658 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Calix by 50.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,062 shares of the communications equipment provider’s stock worth $2,380,000 after purchasing an additional 133,528 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Calix during the fourth quarter worth approximately $1,499,000. 64.85% of the stock is owned by institutional investors and hedge funds.
CALX traded down $0.15 on Monday, reaching $6.65. The company’s stock had a trading volume of 123,238 shares, compared to its average volume of 188,427. Calix has a fifty-two week low of $4.65 and a fifty-two week high of $7.38.
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Calix Company Profile
Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.
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