Calix (NYSE:CALX – Get Free Report) will release its earnings data after the market closes on Wednesday, April 17th. Analysts expect Calix to post earnings of $0.20 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Calix (NYSE:CALX – Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $264.73 million for the quarter, compared to analyst estimates of $264.41 million. Calix had a return on equity of 7.92% and a net margin of 3.06%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Calix Stock Performance
Shares of CALX stock opened at $29.42 on Tuesday. The stock’s 50-day simple moving average is $33.77 and its 200-day simple moving average is $38.15. The firm has a market capitalization of $1.92 billion, a PE ratio of 65.38 and a beta of 1.65. Calix has a fifty-two week low of $29.41 and a fifty-two week high of $53.90.
Institutional Trading of Calix
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CALX. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Rosenblatt Securities cut their price objective on Calix from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Finally, Needham & Company LLC cut their price objective on Calix from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.60.
Read Our Latest Stock Report on Calix
About Calix
Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.
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