Calix, Inc. (NYSE:CALX) Expected to Announce Earnings of $0.20 Per Share

Equities analysts expect Calix, Inc. (NYSE:CALXGet Rating) to report earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Calix’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.18. Calix reported earnings of $0.39 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 48.7%. The firm is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Calix will report full year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.75 to $1.00. For the next fiscal year, analysts anticipate that the business will post earnings of $1.18 per share, with EPS estimates ranging from $0.94 to $1.46. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Calix.

Calix (NYSE:CALXGet Rating) last released its quarterly earnings data on Wednesday, January 26th. The communications equipment provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Calix had a net margin of 35.09% and a return on equity of 16.41%. The company had revenue of $176.42 million during the quarter, compared to analysts’ expectations of $173.92 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

CALX has been the subject of a number of research reports. TheStreet cut shares of Calix from a “b” rating to a “c” rating in a research note on Thursday, January 27th. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Thursday, April 7th. Zacks Investment Research raised shares of Calix from a “sell” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $73.00 price objective on shares of Calix in a research note on Thursday, February 24th. Finally, StockNews.com started coverage on shares of Calix in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Calix presently has a consensus rating of “Buy” and an average target price of $66.22.

CALX opened at $37.51 on Friday. Calix has a fifty-two week low of $36.50 and a fifty-two week high of $80.95. The company has a fifty day moving average of $45.55 and a two-hundred day moving average of $56.22. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 3.81 and a beta of 1.60.

In related news, Director Donald J. Listwin acquired 10,000 shares of the firm’s stock in a transaction dated Friday, February 4th. The shares were purchased at an average cost of $50.94 per share, for a total transaction of $509,400.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.56% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Covestor Ltd acquired a new stake in Calix during the 4th quarter worth approximately $52,000. Hexagon Capital Partners LLC lifted its holdings in Calix by 75.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,150 shares of the communications equipment provider’s stock worth $92,000 after buying an additional 493 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Calix during the 4th quarter worth approximately $111,000. Macquarie Group Ltd. lifted its holdings in Calix by 261.2% during the 3rd quarter. Macquarie Group Ltd. now owns 2,149 shares of the communications equipment provider’s stock worth $106,000 after buying an additional 1,554 shares in the last quarter. Finally, Exane Derivatives lifted its holdings in Calix by 12.9% during the 4th quarter. Exane Derivatives now owns 2,449 shares of the communications equipment provider’s stock worth $196,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Calix Company Profile (Get Rating)

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

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Earnings History and Estimates for Calix (NYSE:CALX)

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