Calix Inc. (NYSE:CALX) – Equities research analysts at Jefferies Group boosted their Q3 2019 earnings per share (EPS) estimates for Calix in a research note issued on Wednesday, May 9th. Jefferies Group analyst G. Notter now expects that the communications equipment provider will earn $0.04 per share for the quarter, up from their previous estimate of $0.02.
Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). Calix had a negative return on equity of 39.60% and a negative net margin of 12.48%. The company had revenue of $137.90 million for the quarter, compared to analyst estimates of $142.34 million.
Other equities analysts have also recently issued reports about the stock. ValuEngine cut shares of Calix from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Zacks Investment Research cut shares of Calix from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Drexel Hamilton reaffirmed a “buy” rating and set a $9.00 price target on shares of Calix in a research note on Wednesday, May 9th. Finally, Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.38.
Calix opened at $6.25 on Monday, Marketbeat reports. Calix has a fifty-two week low of $6.25 and a fifty-two week high of $6.30. The firm has a market cap of $332.62 million, a PE ratio of -4.01 and a beta of 0.64.
Several institutional investors have recently added to or reduced their stakes in the stock. Nokomis Capital L.L.C. boosted its position in shares of Calix by 2.8% in the 1st quarter. Nokomis Capital L.L.C. now owns 4,200,705 shares of the communications equipment provider’s stock worth $28,775,000 after buying an additional 113,872 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in Calix in the 1st quarter valued at about $238,000. Northern Trust Corp lifted its holdings in Calix by 2.0% in the 1st quarter. Northern Trust Corp now owns 486,780 shares of the communications equipment provider’s stock valued at $3,335,000 after purchasing an additional 9,771 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Calix by 6.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 201,123 shares of the communications equipment provider’s stock valued at $1,378,000 after purchasing an additional 12,320 shares in the last quarter. Finally, Global X Management Co. LLC lifted its holdings in Calix by 340.6% in the 1st quarter. Global X Management Co. LLC now owns 47,758 shares of the communications equipment provider’s stock valued at $327,000 after purchasing an additional 36,918 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.
In other Calix news, Director J Daniel Plants acquired 139,250 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were acquired at an average cost of $6.39 per share, for a total transaction of $889,807.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.28% of the stock is owned by insiders.
Calix Company Profile
Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.
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