Analysts expect Calix Inc (NYSE:CALX) to report $99.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Calix’s earnings, with estimates ranging from $99.90 million to $100.00 million. Calix posted sales of $111.70 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Calix will report full year sales of $438.80 million for the current year. For the next year, analysts anticipate that the company will post sales of $492.30 million. Zacks’ sales averages are an average based on a survey of analysts that follow Calix.
Calix (NYSE:CALX) last posted its earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.06). The company had revenue of $89.35 million for the quarter, compared to analysts’ expectations of $102.95 million. Calix had a negative net margin of 4.02% and a negative return on equity of 8.16%.
A number of research firms have weighed in on CALX. ValuEngine raised William Lyon Homes from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Calix presently has an average rating of “Hold” and an average price target of $7.38.
CALX stock traded down $0.01 during mid-day trading on Friday, reaching $7.03. 229,009 shares of the company traded hands, compared to its average volume of 214,278. The company has a quick ratio of 0.81, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $381.71 million, a P/E ratio of -21.30 and a beta of 0.67. Calix has a 52-week low of $5.97 and a 52-week high of $11.30. The company has a fifty day moving average price of $6.49.
In other Calix news, Director J Daniel Plants acquired 25,311 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $6.21 per share, with a total value of $157,181.31. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Matthews sold 13,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $7.09, for a total value of $92,170.00. Following the transaction, the director now directly owns 79,260 shares of the company’s stock, valued at approximately $561,953.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,106 shares of company stock valued at $132,470 in the last ninety days. Insiders own 18.57% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Paradigm Capital Management Inc. NY bought a new stake in shares of Calix in the 1st quarter valued at approximately $616,000. Acadian Asset Management LLC lifted its stake in shares of Calix by 289.2% in the 1st quarter. Acadian Asset Management LLC now owns 567,814 shares of the communications equipment provider’s stock valued at $4,372,000 after purchasing an additional 421,922 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Calix by 54.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 110,325 shares of the communications equipment provider’s stock valued at $850,000 after purchasing an additional 38,975 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in shares of Calix in the 1st quarter valued at approximately $1,264,000. Finally, Lapides Asset Management LLC lifted its stake in shares of Calix by 9.0% in the 1st quarter. Lapides Asset Management LLC now owns 1,704,000 shares of the communications equipment provider’s stock valued at $13,121,000 after purchasing an additional 141,200 shares during the last quarter. 66.00% of the stock is owned by institutional investors.
Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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