Calix, Inc (CALX) Scheduled to Post Earnings on Tuesday
Calix, Inc (NYSE:CALX) is scheduled to release its earnings data after the market closes on Tuesday, November 7th.
Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.15). Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The company had revenue of $126.12 million for the quarter, compared to analysts’ expectations of $123.70 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The firm’s revenue was up 17.4% on a year-over-year basis. On average, analysts expect Calix to post $-1.21 EPS for the current fiscal year and $-0.07 EPS for the next fiscal year.
Calix, Inc (NYSE CALX) opened at 5.40 on Tuesday. The stock’s market cap is $271.66 million. Calix, Inc has a 12-month low of $4.65 and a 12-month high of $8.10. The stock’s 50 day moving average price is $5.26 and its 200 day moving average price is $6.12.
CALX has been the topic of a number of analyst reports. ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Calix from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. BidaskClub raised Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Northland Securities set a $6.00 price objective on Calix and gave the company a “hold” rating in a research note on Sunday, August 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $7.00 price objective on shares of Calix in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.50.
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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