Zacks: Brokerages Anticipate Calix, Inc (CALX) Will Post Quarterly Sales of $143.30 Million
Analysts expect Calix, Inc (NYSE:CALX) to announce sales of $143.30 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Calix’s earnings. The highest sales estimate is $144.10 million and the lowest is $142.50 million. Calix reported sales of $131.80 million during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The business is expected to issue its next quarterly earnings report on Tuesday, February 13th.
On average, analysts expect that Calix will report full year sales of $143.30 million for the current financial year, with estimates ranging from $514.90 million to $516.60 million. For the next fiscal year, analysts expect that the firm will post sales of $546.50 million per share, with estimates ranging from $536.00 million to $555.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Calix.
Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.04). Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The business had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $127.92 million. During the same period last year, the company posted $0.12 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.
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A number of hedge funds have recently modified their holdings of the business. First Midwest Bank Trust Division raised its stake in shares of Calix by 0.9% in the 2nd quarter. First Midwest Bank Trust Division now owns 56,480 shares of the communications equipment provider’s stock valued at $387,000 after purchasing an additional 491 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Calix by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 51,332 shares of the communications equipment provider’s stock valued at $352,000 after purchasing an additional 690 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Calix by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after purchasing an additional 729 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Calix by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 160,938 shares of the communications equipment provider’s stock valued at $1,103,000 after purchasing an additional 1,102 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Calix by 7.1% in the 1st quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 1,676 shares in the last quarter. Hedge funds and other institutional investors own 64.98% of the company’s stock.
Shares of Calix (CALX) opened at $6.35 on Friday. Calix has a 12-month low of $4.65 and a 12-month high of $8.10.
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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