Calix (CALX) Scheduled to Post Quarterly Earnings on Wednesday

Calix (NYSE:CALXGet Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Calix (NYSE:CALXGet Rating) last announced its earnings results on Monday, October 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Calix had a net margin of 6.12% and a return on equity of 6.91%. The business had revenue of $236.33 million during the quarter, compared to the consensus estimate of $215.25 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Calix Stock Down 0.1 %

Shares of NYSE CALX traded down $0.07 on Tuesday, reaching $58.26. 595,978 shares of the company’s stock traded hands, compared to its average volume of 880,652. Calix has a 12 month low of $31.59 and a 12 month high of $77.44. The business’s 50 day simple moving average is $67.42 and its two-hundred day simple moving average is $61.59. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 82.06 and a beta of 1.63.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of analyst reports. Cowen raised their target price on shares of Calix from $71.00 to $90.00 in a research note on Wednesday, October 26th. Craig Hallum raised their price target on shares of Calix from $69.00 to $95.00 in a research report on Wednesday, October 26th. Northland Securities raised their price target on shares of Calix from $80.00 to $85.00 in a research report on Monday, December 5th. Roth Capital started coverage on shares of Calix in a research report on Monday, October 3rd. They set a “buy” rating for the company. Finally, Cowen raised their price target on shares of Calix from $71.00 to $90.00 in a research report on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.22.

Insider Buying and Selling

In other news, Director Kathleen M. Crusco sold 24,176 shares of Calix stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $73.21, for a total transaction of $1,769,924.96. Following the transaction, the director now owns 54,705 shares in the company, valued at approximately $4,004,953.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Cory Sindelar sold 3,000 shares of Calix stock in a transaction on Monday, October 31st. The shares were sold at an average price of $74.52, for a total transaction of $223,560.00. Following the transaction, the chief financial officer now owns 69,848 shares in the company, valued at approximately $5,205,072.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen M. Crusco sold 24,176 shares of Calix stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $73.21, for a total transaction of $1,769,924.96. Following the transaction, the director now owns 54,705 shares in the company, valued at approximately $4,004,953.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,176 shares of company stock worth $2,346,735. 16.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CALX. BlackRock Inc. lifted its stake in shares of Calix by 45.9% during the 1st quarter. BlackRock Inc. now owns 7,446,078 shares of the communications equipment provider’s stock valued at $319,511,000 after buying an additional 2,340,968 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Calix by 35.2% during the 1st quarter. Vanguard Group Inc. now owns 5,586,440 shares of the communications equipment provider’s stock valued at $239,713,000 after buying an additional 1,453,368 shares in the last quarter. State Street Corp increased its holdings in Calix by 58.5% in the 1st quarter. State Street Corp now owns 1,732,618 shares of the communications equipment provider’s stock valued at $74,347,000 after acquiring an additional 639,780 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Calix in the 1st quarter valued at $16,189,000. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in Calix in the 1st quarter valued at $7,509,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

About Calix

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Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

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Earnings History for Calix (NYSE:CALX)

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