Zacks: Analysts Anticipate Calix Inc (CALX) to Announce -$0.04 Earnings Per Share

Analysts forecast that Calix Inc (NYSE:CALX) will announce ($0.04) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Calix’s earnings, with estimates ranging from ($0.04) to ($0.03). Calix reported earnings of ($0.20) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The firm is scheduled to announce its next earnings results on Tuesday, May 14th.

On average, analysts expect that Calix will report full year earnings of $0.26 per share for the current year, with EPS estimates ranging from $0.20 to $0.35. For the next fiscal year, analysts anticipate that the company will report earnings of $0.63 per share, with EPS estimates ranging from $0.55 to $0.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Calix.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). Calix had a negative net margin of 4.37% and a negative return on equity of 12.31%. The business had revenue of $115.52 million during the quarter, compared to analyst estimates of $124.95 million.

A number of analysts have issued reports on CALX shares. Cowen raised Calix from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, February 5th. ValuEngine raised Calix from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 6th. Finally, TheStreet raised Calix from a “d” rating to a “c” rating in a research report on Friday, November 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Calix presently has an average rating of “Buy” and an average target price of $7.92.

In related news, Director Donald J. Listwin acquired 12,500 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were acquired at an average price of $8.04 per share, with a total value of $100,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cory Sindelar acquired 10,000 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were bought at an average cost of $7.53 per share, for a total transaction of $75,300.00. Following the transaction, the chief financial officer now directly owns 44,000 shares of the company’s stock, valued at approximately $331,320. The disclosure for this purchase can be found here. In the last three months, insiders acquired 122,500 shares of company stock worth $924,800. 18.28% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of CALX. Lord Abbett & CO. LLC purchased a new stake in shares of Calix during the fourth quarter worth $9,662,000. BlackRock Inc. increased its position in shares of Calix by 25.0% during the fourth quarter. BlackRock Inc. now owns 4,180,423 shares of the communications equipment provider’s stock worth $40,759,000 after acquiring an additional 835,684 shares during the period. Millennium Management LLC purchased a new stake in shares of Calix during the fourth quarter worth $5,266,000. Geode Capital Management LLC increased its position in shares of Calix by 97.6% during the fourth quarter. Geode Capital Management LLC now owns 982,700 shares of the communications equipment provider’s stock worth $9,580,000 after acquiring an additional 485,357 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Calix by 48.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,265,487 shares of the communications equipment provider’s stock worth $12,338,000 after acquiring an additional 410,204 shares during the period. 64.86% of the stock is currently owned by institutional investors and hedge funds.

CALX traded down $0.04 during trading hours on Monday, reaching $8.16. The company’s stock had a trading volume of 368,318 shares, compared to its average volume of 605,007. The stock has a market capitalization of $451.07 million, a PE ratio of -24.73, a P/E/G ratio of 13.48 and a beta of 0.68. Calix has a fifty-two week low of $6.00 and a fifty-two week high of $11.30.

Calix Company Profile

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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