Calix (CALX) Projected to Post Earnings on Wednesday

Calix (NYSE:CALX) is anticipated to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $203,908.43 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Calix (NYSE:CALX) last released its earnings results 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. The company had revenue of $200.95 million for the quarter, compared to the consensus estimate of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. Calix’s revenue was down 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calix Trading Down 5.2 %

NYSE CALX opened at $37.04 on Tuesday. Calix has a 12-month low of $26.76 and a 12-month high of $44.36. The company has a fifty day simple moving average of $35.26 and a two-hundred day simple moving average of $36.22. The stock has a market cap of $2.46 billion, a P/E ratio of -154.34 and a beta of 1.68.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Tuesday, October 29th. Finally, StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.