Wall Street brokerages expect that Calix, Inc (NYSE:CALX) will announce ($0.23) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Calix’s earnings. The lowest EPS estimate is ($0.24) and the highest is ($0.23). Calix posted earnings per share of ($0.10) during the same quarter last year, which suggests a negative year-over-year growth rate of 130%. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, August 8th.

On average, analysts expect that Calix will report full year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($0.83) to ($0.54). For the next financial year, analysts forecast that the firm will post earnings of ($0.23) per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Calix.

Calix (NYSE:CALX) last released its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by $0.05. Calix had a negative return on equity of 22.23% and a negative net margin of 10.46%. The firm had revenue of $117.50 million during the quarter, compared to analyst estimates of $112.17 million. During the same quarter last year, the business posted ($0.09) EPS. The firm’s revenue was up 19.4% on a year-over-year basis.

Several research firms have recently commented on CALX. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Calix has a consensus rating of “Hold” and an average price target of $7.67.

Shares of Calix (CALX) opened at 6.90 on Tuesday. The firm’s market cap is $344.14 million. The stock has a 50 day moving average of $6.93 and a 200 day moving average of $6.91. Calix has a 1-year low of $6.15 and a 1-year high of $8.20.

A number of large investors have recently bought and sold shares of CALX. Russell Investments Group Ltd. bought a new stake in Calix during the fourth quarter valued at $794,000. State Board of Administration of Florida Retirement System increased its stake in shares of Calix by 11.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,497 shares of the communications equipment provider’s stock worth $227,000 after buying an additional 2,925 shares during the last quarter. State Street Corp increased its stake in shares of Calix by 7.4% in the fourth quarter. State Street Corp now owns 731,006 shares of the communications equipment provider’s stock worth $5,627,000 after buying an additional 50,382 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Calix by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,038,526 shares of the communications equipment provider’s stock worth $23,397,000 after buying an additional 154,050 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Calix by 441.6% in the fourth quarter. FMR LLC now owns 100,200 shares of the communications equipment provider’s stock worth $772,000 after buying an additional 81,700 shares during the last quarter. 65.06% of the stock is owned by institutional investors and hedge funds.

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Calix Company Profile

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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