Calix (CALX) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Calix (NASDAQ:CALX) issued its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06, StockRatingsNetwork.com reports. The company had revenue of $103.60 million for the quarter, compared to the consensus estimate of $104.35 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 27.4% on a year-over-year basis.
Shares of Calix (NASDAQ:CALX) traded up 5.49% during mid-day trading on Tuesday, hitting $12.50. 374,053 shares of the company’s stock traded hands. Calix has a 1-year low of $5.00 and a 1-year high of $13.31. The stock has a 50-day moving average of $12.6 and a 200-day moving average of $10.25. The company’s market cap is $621.3 million.
CALX has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Calix from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, September 10th. They now have a $12.00 price target on the stock, up previously from $11.00. On the ratings front, analysts at Stephens initiated coverage on shares of Calix in a research note to investors on Monday, August 19th. They set an “overweight” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Calix from $10.50 to $12.50 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Calix has an average rating of “Buy” and an average target price of $13.73.
Calix, Inc (NASDAQ:CALX) is a provider in North America of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to connect to their residential and business subscribers.
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