$113.10 Million in Sales Expected for Calix Inc (NYSE:CALX) This Quarter

Wall Street brokerages expect Calix Inc (NYSE:CALX) to report sales of $113.10 million for the current quarter, Zacks reports. Two analysts have provided estimates for Calix’s earnings, with estimates ranging from $112.20 million to $114.00 million. Calix posted sales of $100.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, July 28th.

On average, analysts expect that Calix will report full-year sales of $460.05 million for the current year, with estimates ranging from $453.10 million to $467.00 million. For the next financial year, analysts expect that the company will post sales of $489.95 million, with estimates ranging from $474.90 million to $505.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Calix.

Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. The business had revenue of $101.68 million for the quarter, compared to analysts’ expectations of $97.55 million. Calix had a negative return on equity of 3.80% and a negative net margin of 3.41%.

Several analysts recently commented on CALX shares. Jefferies Financial Group boosted their price target on Calix from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. boosted their price target on Calix to $10.85 and gave the company a “buy” rating in a research note on Tuesday, June 9th. ValuEngine lowered Calix from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, May 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $12.21.

CALX stock traded up $0.02 during trading on Friday, hitting $13.74. The company had a trading volume of 900,874 shares, compared to its average volume of 604,127. The company has a fifty day moving average price of $13.13 and a two-hundred day moving average price of $9.59. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09. The company has a market cap of $778.01 million, a P/E ratio of -52.85 and a beta of 1.49. Calix has a fifty-two week low of $5.60 and a fifty-two week high of $14.97.

In related news, Director Donald J. Listwin acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $12.11 per share, for a total transaction of $363,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher J. Bowick sold 3,053 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $12.34, for a total value of $37,674.02. The disclosure for this sale can be found here. Corporate insiders own 17.54% of the company’s stock.

Several institutional investors have recently made changes to their positions in CALX. California Public Employees Retirement System increased its holdings in shares of Calix by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 79,000 shares of the communications equipment provider’s stock worth $632,000 after acquiring an additional 1,556 shares in the last quarter. State Street Corp increased its holdings in shares of Calix by 6.8% in the fourth quarter. State Street Corp now owns 885,652 shares of the communications equipment provider’s stock worth $7,085,000 after acquiring an additional 56,676 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Calix by 66.5% during the fourth quarter. Victory Capital Management Inc. now owns 12,536 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 5,008 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Calix by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 292,170 shares of the communications equipment provider’s stock worth $2,338,000 after buying an additional 8,343 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Calix by 46.0% during the fourth quarter. Bank of Montreal Can now owns 5,984 shares of the communications equipment provider’s stock worth $48,000 after buying an additional 1,885 shares during the period. Institutional investors own 71.23% of the company’s stock.

About Calix

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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