Brokerages predict that Calix, Inc (NYSE:CALX) will post earnings per share (EPS) of ($0.23) for the current quarter, according to Zacks. Three analysts have made estimates for Calix’s earnings. The lowest EPS estimate is ($0.24) and the highest is ($0.23). Calix reported earnings of ($0.10) per share during the same quarter last year, which indicates a negative year over year growth rate of 130%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, August 8th.
On average, analysts expect that Calix will report full year earnings of ($0.64) per share for the current year, with EPS estimates ranging from ($0.83) to ($0.54). For the next year, analysts expect that the business will post earnings of ($0.23) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Calix.
Calix (NYSE:CALX) last released its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.59) by $0.05. Calix had a negative net margin of 10.46% and a negative return on equity of 22.23%. The business had revenue of $117.50 million for the quarter, compared to the consensus estimate of $112.17 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis.
A number of equities analysts have issued reports on the company. ValuEngine upgraded Calix from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.67.
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Several institutional investors have recently added to or reduced their stakes in CALX. Russell Investments Group Ltd. acquired a new position in Calix during the fourth quarter valued at $794,000. State Board of Administration of Florida Retirement System boosted its stake in Calix by 11.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,497 shares of the communications equipment provider’s stock valued at $227,000 after buying an additional 2,925 shares during the last quarter. State Street Corp boosted its stake in Calix by 7.4% in the fourth quarter. State Street Corp now owns 731,006 shares of the communications equipment provider’s stock valued at $5,627,000 after buying an additional 50,382 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Calix by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,038,526 shares of the communications equipment provider’s stock valued at $23,397,000 after buying an additional 154,050 shares during the last quarter. Finally, FMR LLC boosted its stake in Calix by 441.6% in the fourth quarter. FMR LLC now owns 100,200 shares of the communications equipment provider’s stock valued at $772,000 after buying an additional 81,700 shares during the last quarter. Institutional investors and hedge funds own 65.06% of the company’s stock.
Shares of Calix (CALX) opened at 6.90 on Tuesday. Calix has a 1-year low of $6.15 and a 1-year high of $8.20. The company’s market cap is $344.14 million. The firm’s 50-day moving average is $6.93 and its 200 day moving average is $6.91.
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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