Calix (CALX) Expected to Announce Earnings on Wednesday

Calix (NYSE:CALX) will likely be releasing its earnings data after the market closes on Wednesday, January 29th. Analysts expect Calix to post earnings of $0.07 per share and revenue of $203,908.43 billion for the quarter. Calix has set its Q4 guidance at $0.04-0.10 EPS and its Q4 2024 guidance at 0.040-0.100 EPS.Persons that are 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 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The company had revenue of $200.95 million during the quarter, compared to the consensus estimate of $201.06 million. During the same period last year, the firm earned $0.25 EPS. Calix’s revenue for the quarter was down 23.8% 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 Price Performance

NYSE CALX opened at $37.83 on Wednesday. Calix has a 1 year low of $26.76 and a 1 year high of $45.15. The stock has a market capitalization of $2.51 billion, a PE ratio of -157.61 and a beta of 1.68. The company’s 50 day simple moving average is $34.55 and its two-hundred day simple moving average is $36.09.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CALX. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Rosenblatt Securities restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.