News headlines about Calix (NYSE:CALX) have trended somewhat negative this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calix earned a news impact score of -0.10 on Alpha One’s scale. Alpha One also assigned media headlines about the communications equipment provider an impact score of 87 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Calix Inc (CALX) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- CALIX, INC : Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders (form 8-K) (4-traders.com)
- Calix, Inc. breached its 50 day moving average in a Bullish Manner : CALX-US : May 16, 2017 (finance.yahoo.com)
- Calix AXOS E3-2 Intelligent PON Node Named Best Cable Product in Light Reading’s Leading Lights Awards (finance.yahoo.com)
- Leading Lights 2017 Finalists: Most Innovative Telecoms Product or Service (lightreading.com)
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Jefferies Group LLC reiterated a “hold” rating and set a $7.00 target price on shares of Calix in a research report on Thursday, March 23rd. Finally, Northland Securities downgraded Calix from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.67.
Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by $0.05. The business had revenue of $117.50 million for the quarter, compared to analyst estimates of $112.17 million. Calix had a negative return on equity of 7.01% and a negative net margin of 5.89%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share.
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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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