Calix, Inc (CALX) Expected to Post Quarterly Sales of $123.95 Million

Brokerages expect that Calix, Inc (NYSE:CALX) will post sales of $123.95 million for the current quarter, Zacks reports. Four analysts have provided estimates for Calix’s earnings, with estimates ranging from $122.60 million to $125.00 million. Calix posted sales of $107.43 million during the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, August 8th.

According to Zacks, analysts expect that Calix will report full year sales of $123.95 million for the current financial year, with estimates ranging from $505.30 million to $527.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $539.90 million per share, with estimates ranging from $529.20 million to $550.60 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Calix.

Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by $0.05. Calix had a negative net margin of 10.46% and a negative return on equity of 22.23%. The business had revenue of $117.50 million during the quarter, compared to the consensus estimate of $112.17 million. During the same quarter last year, the company posted ($0.09) EPS. The firm’s revenue was up 19.4% on a year-over-year basis.

CALX has been the topic of a number of recent analyst reports. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Jefferies Group LLC reissued a “hold” rating and set a $7.00 price target on shares of Calix in a report on Thursday, March 23rd. Finally, ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.67.

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Large investors have recently bought and sold shares of the stock. Lapides Asset Management LLC boosted its stake in Calix by 8.7% in the first quarter. Lapides Asset Management LLC now owns 2,881,800 shares of the communications equipment provider’s stock worth $20,893,000 after buying an additional 230,800 shares in the last quarter. Soros Fund Management LLC acquired a new stake in Calix during the first quarter worth approximately $1,447,000. Divisar Capital Management LLC acquired a new stake in Calix during the first quarter worth approximately $1,344,000. Dimensional Fund Advisors LP boosted its stake in Calix by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,038,526 shares of the communications equipment provider’s stock worth $23,397,000 after buying an additional 154,050 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Calix by 27.7% in the first quarter. Bank of New York Mellon Corp now owns 610,268 shares of the communications equipment provider’s stock worth $4,424,000 after buying an additional 132,305 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Calix (CALX) traded up 0.73% during midday trading on Friday, reaching $6.90. The company had a trading volume of 39,827 shares. Calix has a 12-month low of $6.15 and a 12-month high of $8.20. The stock’s 50 day moving average is $6.89 and its 200 day moving average is $7.01. The firm’s market capitalization is $344.14 million.

About Calix

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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