Brokerages Expect Calix Inc. (CALX) to Post -$0.18 Earnings Per Share

Equities research analysts forecast that Calix Inc. (NYSE:CALX) will announce earnings per share of ($0.18) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Calix’s earnings. The highest EPS estimate is ($0.16) and the lowest is ($0.20). Calix posted earnings of ($0.57) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 68.4%. The business is scheduled to announce its next earnings report on Tuesday, May 8th.

On average, analysts expect that Calix will report full year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.38) to $0.20. For the next year, analysts expect that the business will post earnings of $0.07 per share, with EPS estimates ranging from ($0.09) to $0.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Calix.

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Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, February 13th. The communications equipment provider reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Calix had a negative return on equity of 48.53% and a negative net margin of 16.27%. The business had revenue of $137.90 million during the quarter, compared to analysts’ expectations of $142.34 million.

Several brokerages recently weighed in on CALX. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 14th. Zacks Investment Research raised shares of Calix from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Friday, March 16th. ValuEngine raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Drexel Hamilton reissued a “buy” rating and issued a $8.50 target price on shares of Calix in a research note on Wednesday, March 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $7.25.

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in shares of Calix during the 3rd quarter valued at about $114,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Calix during the 3rd quarter valued at about $119,000. MetLife Investment Advisors LLC acquired a new position in shares of Calix during the 4th quarter valued at about $127,000. Simplex Trading LLC acquired a new position in shares of Calix during the 4th quarter valued at about $135,000. Finally, Paloma Partners Management Co acquired a new position in shares of Calix during the 4th quarter valued at about $145,000. 64.85% of the stock is owned by institutional investors.

CALX stock remained flat at $$6.65 during trading on Monday. 98,311 shares of the company traded hands, compared to its average volume of 238,094. Calix has a 12-month low of $4.65 and a 12-month high of $7.38. The firm has a market cap of $335.13, a P/E ratio of -4.26 and a beta of 0.64.

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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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Earnings History and Estimates for Calix (NYSE:CALX)

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