Analysts expect Calix Inc (NYSE:CALX) to report sales of $102.95 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Calix’s earnings, with estimates ranging from $102.90 million to $103.00 million. Calix reported sales of $99.40 million in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Calix will report full year sales of $467.20 million for the current fiscal year, with estimates ranging from $466.40 million to $468.00 million. For the next financial year, analysts anticipate that the business will post sales of $492.30 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Calix.
Get Calix alerts:Calix (NYSE:CALX) last released its earnings results on Tuesday, February 5th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $115.52 million during the quarter, compared to analyst estimates of $124.95 million. Calix had a negative net margin of 4.37% and a negative return on equity of 12.31%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Calix from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, January 16th. ValuEngine cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 7th. Finally, TheStreet upgraded Calix from a “d” rating to a “c” rating in a research note on Friday, November 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $7.92.
NYSE CALX traded down $0.02 during trading on Wednesday, hitting $8.14. The stock had a trading volume of 417,803 shares, compared to its average volume of 515,657. The company has a market cap of $451.07 million, a P/E ratio of -24.67, a P/E/G ratio of 13.48 and a beta of 0.68. Calix has a twelve month low of $6.00 and a twelve month high of $11.30.
In other Calix news, Director Donald J. Listwin bought 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was purchased at an average price of $8.04 per share, for a total transaction of $100,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Cory Sindelar bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average price of $7.53 per share, with a total value of $75,300.00. Following the purchase, the chief financial officer now owns 44,000 shares of the company’s stock, valued at $331,320. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 122,500 shares of company stock valued at $924,800. 18.28% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Semmax Financial Advisors Inc. purchased a new stake in Calix in the fourth quarter valued at approximately $38,000. Macquarie Group Ltd. bought a new stake in Calix during the 4th quarter valued at $75,000. Alambic Investment Management L.P. bought a new stake in Calix during the 3rd quarter valued at $118,000. Metropolitan Life Insurance Co. NY raised its stake in Calix by 401.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,636 shares of the communications equipment provider’s stock valued at $143,000 after acquiring an additional 11,718 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Calix during the 4th quarter valued at $156,000. Institutional investors own 64.86% of the company’s stock.
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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