Calix (CALX) Set to Announce Earnings on Monday

Calix (NYSE:CALX) will be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect Calix to post earnings of $0.10 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $198.14 million for the quarter, compared to the consensus estimate of $200.77 million. Calix had a return on equity of 4.17% and a net margin of 0.52%. Calix’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calix Trading Down 2.0 %

Shares of Calix stock opened at $39.12 on Monday. Calix has a 1 year low of $26.76 and a 1 year high of $45.21. The company has a market cap of $2.56 billion, a P/E ratio of 126.19 and a beta of 1.74. The stock has a 50-day moving average price of $37.39 and a 200 day moving average price of $34.88.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total value of $939,000.00. Following the transaction, the director now owns 3,723,381 shares of the company’s stock, valued at $139,850,190.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CALX shares. Craig Hallum increased their price target on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Roth Mkm lifted their target price on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Tuesday, September 10th. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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.