Analysts expect that Calix, Inc (NYSE:CALX) will post sales of $123.86 million for the current quarter, Zacks reports. Three analysts have made estimates for Calix’s earnings, with the highest sales estimate coming in at $125.00 million and the lowest estimate coming in at $122.60 million. Calix posted sales of $107.43 million during the same quarter last year, which suggests a positive year over year growth rate of 15.3%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, August 8th.

On average, analysts expect that Calix will report full-year sales of $123.86 million for the current financial year, with estimates ranging from $505.72 million to $527.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $550.60 million per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Calix.

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

CALX has been the topic of several research reports. Zacks Investment Research raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.67.

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Several institutional investors have recently bought and sold shares of the company. Lapides Asset Management LLC increased its position in Calix by 8.7% in the first quarter. Lapides Asset Management LLC now owns 2,881,800 shares of the communications equipment provider’s stock valued at $20,893,000 after buying an additional 230,800 shares during the last quarter. Soros Fund Management LLC acquired a new position in Calix during the first quarter valued at $1,447,000. Divisar Capital Management LLC acquired a new position in Calix during the first quarter valued at $1,344,000. Dimensional Fund Advisors LP increased its position in 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 valued at $23,397,000 after buying an additional 154,050 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Calix by 27.7% in the first quarter. Bank of New York Mellon Corp now owns 610,268 shares of the communications equipment provider’s stock valued at $4,424,000 after buying an additional 132,305 shares during the last quarter. Hedge funds and other institutional investors own 65.06% of the company’s stock.

Shares of Calix (CALX) remained flat at $6.80 on Thursday. 62,388 shares of the stock were exchanged. The company’s market capitalization is $339.15 million. Calix has a 52 week low of $6.15 and a 52 week high of $8.20. The firm’s 50-day moving average is $6.93 and its 200 day moving average is $6.90.

About Calix

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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