Calix (CALX) to Release Quarterly Earnings on Wednesday

Calix (NYSE:CALX) will likely be posting its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The company had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was down 23.8% compared to the same quarter last year. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calix Stock Down 5.2 %

Shares of Calix stock opened at $37.04 on Tuesday. The firm has a market cap of $2.46 billion, a PE ratio of -154.34 and a beta of 1.68. Calix has a 52 week low of $26.76 and a 52 week high of $44.36. The business’s fifty day simple moving average is $35.26 and its 200-day simple moving average is $36.22.

Analysts Set New Price Targets

A number of research analysts have commented on CALX shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price 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 report on Tuesday, October 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average price target 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.