Analysts forecast that Calix Inc. (NYSE:CALX) will announce earnings of ($0.04) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Calix’s earnings, with estimates ranging from ($0.06) to ($0.01). Calix reported earnings per share of ($0.30) in the same quarter last year, which suggests a positive year-over-year growth rate of 86.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 14th.
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 fiscal 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 averages are a mean average based on a survey of research firms that cover Calix.
Calix (NYSE:CALX) last issued its quarterly earnings results 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). Calix had a negative return on equity of 38.60% and a negative net margin of 12.48%. The business had revenue of $137.90 million during the quarter, compared to analysts’ expectations of $142.34 million.
CALX has been the topic of several recent analyst reports. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 14th. ValuEngine downgraded Calix from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded Calix from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Friday, March 16th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $8.50 price target on shares of Calix in a report on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.38.
Large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in Calix in the third quarter worth approximately $114,000. MetLife Investment Advisors LLC bought a new position in Calix in the fourth quarter worth approximately $127,000. Simplex Trading LLC bought a new position in Calix in the fourth quarter worth approximately $135,000. Paloma Partners Management Co bought a new position in Calix in the fourth quarter worth approximately $145,000. Finally, Symmetry Peak Management LLC bought a new position in Calix in the fourth quarter worth approximately $176,000. 64.92% of the stock is currently owned by institutional investors.
Shares of Calix traded up $0.05, hitting $6.40, during midday trading on Friday, according to MarketBeat.com. The company’s stock had a trading volume of 574 shares, compared to its average volume of 163,843. Calix has a 12-month low of $6.40 and a 12-month high of $6.45.
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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