Calix (CALX) Getting Somewhat Positive Media Coverage, Report Finds

Headlines about Calix (NYSE:CALX) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Calix earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 45.1165443991465 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Calix (CALX) opened at $6.40 on Friday. The company has a market capitalization of $322.53, a P/E ratio of -3.90 and a beta of 0.70. Calix has a 1-year low of $4.65 and a 1-year high of $8.00.

Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) EPS 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 analyst estimates of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. research analysts anticipate that Calix will post -1.53 EPS for the current year.

CALX has been the subject of several recent analyst reports. Jefferies Group reissued a “hold” rating and issued a $7.00 price target on shares of Calix in a report on Friday, October 6th. BidaskClub cut Calix from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research cut Calix from a “hold” rating to a “sell” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Calix currently has a consensus rating of “Hold” and a consensus price target of $6.50.

In other news, CFO Cory Sindelar acquired 5,000 shares of Calix stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $6.70 per share, with a total value of $33,500.00. Following the completion of the acquisition, the chief financial officer now owns 15,000 shares in the company, valued at approximately $100,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.50% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Calix (NYSE:CALX)

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