Calix Inc (NYSE:CALX) – Analysts at Jefferies Group increased their Q1 2018 earnings estimates for shares of Calix in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst G. Notter now anticipates that the communications equipment provider will earn ($0.26) per share for the quarter, up from their previous forecast of ($0.30). Jefferies Group also issued estimates for Calix’s Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.37) EPS and FY2019 earnings at ($0.01) EPS.
CALX has been the subject of several other research reports. BidaskClub raised shares of Calix from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. ValuEngine raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Finally, Zacks Investment Research raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.50.
Calix (NYSE:CALX) traded up $0.35 on Monday, reaching $7.25. 533,000 shares of the company traded hands, compared to its average volume of 257,550. Calix has a 1-year low of $4.65 and a 1-year high of $7.40. The company has a market capitalization of $347.72, a PE ratio of -4.18 and a beta of 0.66.
Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). Calix had a negative return on equity of 46.99% and a negative net margin of 16.27%. The firm had revenue of $137.90 million for the quarter, compared to the consensus estimate of $142.34 million.
A number of hedge funds and other institutional investors have recently modified their holdings of CALX. Schwab Charles Investment Management Inc. raised its stake in Calix by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 160,938 shares of the communications equipment provider’s stock worth $1,103,000 after acquiring an additional 1,102 shares in the last quarter. Wells Fargo & Company MN raised its stake in Calix by 2.7% during the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after acquiring an additional 729 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Calix during the second quarter worth about $219,000. Teachers Advisors LLC raised its stake in Calix by 20.7% during the second quarter. Teachers Advisors LLC now owns 90,958 shares of the communications equipment provider’s stock worth $623,000 after acquiring an additional 15,590 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Calix by 17.9% during the second quarter. TIAA CREF Investment Management LLC now owns 197,457 shares of the communications equipment provider’s stock worth $1,353,000 after acquiring an additional 29,952 shares in the last quarter. 64.87% of the stock is owned by hedge funds and other institutional investors.
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Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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