Wall Street brokerages expect that Calix Inc. (NYSE:CALX) will post sales of $103.70 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Calix’s earnings, with estimates ranging from $102.40 million to $105.00 million. Calix posted sales of $117.52 million in the same quarter last year, which would indicate a negative year over year growth rate of 11.8%. The company is expected to announce its next earnings results after the market closes on Tuesday, May 8th.
On average, analysts expect that Calix will report full-year sales of $497.97 million for the current financial year, with estimates ranging from $457.60 million to $536.29 million. For the next year, analysts anticipate that the company will report sales of $525.10 million per share, with estimates ranging from $488.10 million to $579.19 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Calix.
Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, February 13th. The communications equipment provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The business had revenue of $137.90 million for the quarter, compared to the consensus estimate of $142.34 million. Calix had a negative return on equity of 48.53% and a negative net margin of 16.27%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its stake in shares of Calix by 6.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 171,087 shares of the communications equipment provider’s stock worth $864,000 after purchasing an additional 10,149 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Calix by 61.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 45,365 shares of the communications equipment provider’s stock valued at $270,000 after acquiring an additional 17,225 shares in the last quarter. Wells Fargo & Company MN grew its stake in Calix by 61.6% during the third quarter. Wells Fargo & Company MN now owns 45,349 shares of the communications equipment provider’s stock valued at $229,000 after acquiring an additional 17,295 shares in the last quarter. California Public Employees Retirement System grew its stake in Calix by 11.3% during the fourth quarter. California Public Employees Retirement System now owns 206,180 shares of the communications equipment provider’s stock valued at $1,227,000 after acquiring an additional 20,945 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in Calix during the fourth quarter valued at approximately $127,000. 64.92% of the stock is owned by hedge funds and other institutional investors.
CALX traded down $0.15 during midday trading on Friday, reaching $6.65. 279,115 shares of the company’s stock were exchanged, compared to its average volume of 222,939. The stock has a market cap of $345.20, a price-to-earnings ratio of -4.36 and a beta of 0.64. Calix has a one year low of $4.65 and a one year high of $7.38.
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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