Calix (CALX) Releases Q1 Earnings Guidance

Calix (NYSE:CALX) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.20)-($0.16) for the period, compared to the Thomson Reuters consensus estimate of ($0.22). The company issued revenue guidance of $102-$108 million, compared to the consensus revenue estimate of $120.92 million.

Shares of Calix (CALX) traded up $0.40 on Tuesday, reaching $6.60. The company’s stock had a trading volume of 614,411 shares, compared to its average volume of 262,590. Calix has a 12 month low of $4.65 and a 12 month high of $7.75. The stock has a market cap of $307.41, a price-to-earnings ratio of -4.05 and a beta of 0.72.

Several brokerages have recently commented on CALX. BidaskClub raised Calix from a hold rating to a buy rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered Calix from a hold rating to a sell rating in a research note on Monday, November 13th. Finally, ValuEngine raised Calix from a sell rating to a hold rating in a research note on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $6.50.

In other news, CFO Cory Sindelar purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average price of $6.70 per share, with a total value of $33,500.00. Following the purchase, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $100,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 16.50% of the stock is owned by insiders.

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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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