Analysts Anticipate Calix Inc (CALX) to Post -$0.13 Earnings Per Share

Analysts forecast that Calix Inc (NYSE:CALX) will announce earnings per share (EPS) of ($0.13) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Calix’s earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.14). Calix posted earnings of ($0.14) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The business is expected to report its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that Calix will report full-year earnings of ($1.28) per share for the current year, with EPS estimates ranging from ($1.29) to ($1.28). For the next financial year, analysts expect that the business will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.45) to ($0.06). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Calix.

Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the 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%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS.

A number of research analysts have issued reports on the company. ValuEngine upgraded Calix from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised Calix from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered Calix from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Finally, Jefferies Group reiterated a “hold” rating and issued a $7.00 target price on shares of Calix in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Calix presently has an average rating of “Hold” and an average target price of $6.50.

Shares of Calix (NYSE CALX) traded up $0.05 during mid-day trading on Thursday, hitting $6.50. The stock had a trading volume of 214,270 shares, compared to its average volume of 223,023. Calix has a 12-month low of $4.65 and a 12-month high of $8.00.

In related news, CFO Cory Sindelar bought 5,000 shares of the stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $6.70 per share, for a total transaction of $33,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares in the company, valued at $100,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Calix during the 3rd quarter valued at $114,000. Dynamic Technology Lab Private Ltd acquired a new stake in Calix during the 3rd quarter worth about $119,000. Voya Investment Management LLC grew its position in Calix by 15.5% during the 2nd quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock worth $189,000 after purchasing an additional 3,696 shares during the period. Wells Fargo & Company MN grew its position in Calix by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after purchasing an additional 729 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its position in Calix by 14.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 3,617 shares during the period. Hedge funds and other institutional investors own 67.13% of the company’s stock.

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About Calix

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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