Calix (CALX) to Release Quarterly Earnings on Wednesday

Calix (NYSE:CALXGet Rating) will post its quarterly earnings results after the market closes on Wednesday, January 25th. Analysts expect Calix to post earnings of $0.28 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Calix (NYSE:CALXGet Rating) last released its quarterly earnings results on Monday, October 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. The firm had revenue of $236.33 million during the quarter, compared to the consensus estimate of $215.25 million. Calix had a net margin of 6.12% and a return on equity of 6.91%. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Calix Stock Down 0.1 %

Shares of CALX stock traded down $0.07 during trading hours on Tuesday, hitting $58.26. 595,978 shares of the company’s stock traded hands, compared to its average volume of 880,652. The stock’s 50 day simple moving average is $67.42 and its 200 day simple moving average is $61.59. The stock has a market cap of $3.81 billion, a PE ratio of 82.06 and a beta of 1.63. Calix has a 12 month low of $31.59 and a 12 month high of $77.44.

Insider Activity at Calix

In other news, CFO Cory Sindelar sold 3,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $74.52, for a total transaction of $223,560.00. Following the transaction, the chief financial officer now owns 69,848 shares in the company, valued at $5,205,072.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kathleen M. Crusco sold 24,176 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $73.21, for a total transaction of $1,769,924.96. Following the transaction, the director now owns 54,705 shares in the company, valued at $4,004,953.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Cory Sindelar sold 3,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $74.52, for a total transaction of $223,560.00. Following the transaction, the chief financial officer now owns 69,848 shares in the company, valued at approximately $5,205,072.96. The disclosure for this sale can be found here. Insiders have sold a total of 32,176 shares of company stock worth $2,346,735 over the last quarter. Company insiders own 16.56% of the company’s stock.

Institutional Investors Weigh In On Calix

Several hedge funds and other institutional investors have recently made changes to their positions in CALX. Advisor Group Holdings Inc. increased its position in shares of Calix by 7.5% during the first quarter. Advisor Group Holdings Inc. now owns 8,213 shares of the communications equipment provider’s stock worth $353,000 after acquiring an additional 573 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Calix by 205.3% during the first quarter. JPMorgan Chase & Co. now owns 156,166 shares of the communications equipment provider’s stock worth $6,700,000 after acquiring an additional 105,006 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Calix during the first quarter worth about $758,000. PNC Financial Services Group Inc. increased its position in shares of Calix by 865.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,390 shares of the communications equipment provider’s stock worth $59,000 after acquiring an additional 1,246 shares in the last quarter. Finally, AlphaCrest Capital Management LLC grew its position in Calix by 167.1% in the 1st quarter. AlphaCrest Capital Management LLC now owns 7,380 shares of the communications equipment provider’s stock worth $317,000 after purchasing an additional 4,617 shares in the last quarter. 81.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CALX shares. Northland Securities raised their price target on shares of Calix from $80.00 to $85.00 in a research note on Monday, December 5th. Roth Capital started coverage on shares of Calix in a research note on Monday, October 3rd. They set a “buy” rating for the company. StockNews.com started coverage on shares of Calix in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Rosenblatt Securities raised their price target on shares of Calix from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, October 26th. Finally, Needham & Company LLC lifted their target price on shares of Calix from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, December 22nd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.22.

Calix Company Profile

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Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

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Earnings History for Calix (NYSE:CALX)

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