Wall Street analysts forecast that Calix Inc. (NYSE:CALX) will announce $103.70 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Calix’s earnings, with the lowest sales estimate coming in at $102.40 million and the highest estimate coming in at $105.00 million. Calix reported sales of $117.52 million during the same quarter last year, which would suggest a negative year over year growth rate of 11.8%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Calix will report full-year sales of $497.97 million for the current financial year, with estimates ranging from $457.60 million to $536.29 million. For the next fiscal year, analysts anticipate that the company will post sales of $525.10 million per share, with estimates ranging from $488.10 million to $579.19 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Calix.
Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the 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 research firms recently weighed in on CALX. Zacks Investment Research lowered Calix from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Drexel Hamilton reissued a “buy” rating and set a $8.50 price target on shares of Calix in a research note on Wednesday, March 21st. Finally, Northland Securities raised Calix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.25.
Hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of Calix during the third quarter valued at about $114,000. MetLife Investment Advisors LLC acquired a new stake in shares of Calix during the fourth quarter valued at about $127,000. Simplex Trading LLC acquired a new stake in shares of Calix during the fourth quarter valued at about $135,000. Paloma Partners Management Co acquired a new stake in shares of Calix during the fourth quarter valued at about $145,000. Finally, Symmetry Peak Management LLC acquired a new stake in shares of Calix during the fourth quarter valued at about $176,000. 64.85% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:CALX opened at $6.85 on Friday. Calix has a twelve month low of $4.65 and a twelve month high of $7.38.
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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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