Calix (CALX) Set to Announce Earnings on Monday

Calix (NYSE:CALX) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

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

Calix Stock Performance

Shares of CALX stock opened at $39.12 on Monday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 126.19 and a beta of 1.74. Calix has a one year low of $26.76 and a one year high of $45.21. The company’s 50-day simple moving average is $37.39 and its 200-day simple moving average is $34.88.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total transaction of $939,000.00. Following the transaction, the director now directly owns 3,723,381 shares of the company’s stock, valued at approximately $139,850,190.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.69% of the company’s stock.

Wall Street Analyst Weigh In

CALX has been the subject of a number of research analyst reports. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Calix in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Finally, Craig Hallum lifted their target price on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.