Calix Inc (CALX) Expected to Announce Earnings of -$0.03 Per Share

Equities research analysts expect Calix Inc (NYSE:CALX) to announce earnings of ($0.03) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Calix’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.01). Calix reported earnings per share of ($0.30) during the same quarter last year, which indicates a positive year-over-year growth rate of 90%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, August 14th.

According to Zacks, analysts expect that Calix will report full year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.23) to $0.15. For the next financial year, analysts anticipate that the business will report earnings of $0.06 per share, with EPS estimates ranging from ($0.12) to $0.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Calix.

Calix (NYSE:CALX) last released its earnings results on Tuesday, May 8th. The communications equipment provider reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.02). Calix had a negative return on equity of 39.60% and a negative net margin of 12.48%. The business had revenue of $99.40 million for the quarter, compared to analyst estimates of $103.70 million.

Several equities analysts have issued reports on CALX shares. ValuEngine cut Calix from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded Calix from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Friday, March 16th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $8.50 target price on shares of Calix in a research report on Wednesday, March 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $7.38.

NYSE CALX opened at $7.75 on Tuesday. Calix has a 12-month low of $4.65 and a 12-month high of $8.00.

In other news, Director J Daniel Plants purchased 139,250 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were acquired at an average price of $6.39 per share, with a total value of $889,807.50. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 18.28% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of Calix by 2.0% during the 1st quarter. Northern Trust Corp now owns 486,780 shares of the communications equipment provider’s stock worth $3,335,000 after acquiring an additional 9,771 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Calix by 6.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 201,123 shares of the communications equipment provider’s stock worth $1,378,000 after acquiring an additional 12,320 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Calix by 61.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,365 shares of the communications equipment provider’s stock worth $270,000 after acquiring an additional 17,225 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Calix by 38.9% during the 4th quarter. Wells Fargo & Company MN now owns 62,983 shares of the communications equipment provider’s stock worth $375,000 after acquiring an additional 17,634 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Calix by 11.3% during the 4th quarter. California Public Employees Retirement System now owns 206,180 shares of the communications equipment provider’s stock worth $1,227,000 after acquiring an additional 20,945 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Calix

Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.

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Earnings History and Estimates for Calix (NYSE:CALX)

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