Calix (CALX) Expected to Announce Earnings on Wednesday

Calix (NYSE:CALX) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $203,908.43 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Calix (NYSE:CALX) last released its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business’s quarterly revenue was down 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 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 Price Performance

NYSE CALX opened at $39.19 on Monday. Calix has a 1 year low of $26.76 and a 1 year high of $44.82. The company has a market capitalization of $2.60 billion, a PE ratio of -163.30 and a beta of 1.68. The company has a fifty day moving average of $35.10 and a 200 day moving average of $36.20.

Analyst Upgrades and Downgrades

CALX has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Calix in a research note on Tuesday, October 29th. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.50.

Calix Company Profile

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.