Brokerages expect Calix Inc (NYSE:CALX) to announce sales of $103.70 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Calix’s earnings. The highest sales estimate is $105.00 million and the lowest is $102.40 million. Calix reported sales of $117.52 million during the same quarter last year, which indicates a negative year over year growth rate of 11.8%. The business is expected to issue its next quarterly earnings results on Tuesday, May 8th.

On average, analysts expect that Calix will report full year sales of $103.70 million for the current year, with estimates ranging from $457.60 million to $536.29 million. For the next year, analysts anticipate that the firm will report sales of $525.10 million per share, with estimates ranging from $488.10 million to $579.19 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Calix.

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Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The firm had revenue of $137.90 million for the quarter, compared to analysts’ expectations of $142.34 million. Calix had a negative return on equity of 48.53% and a negative net margin of 16.27%.

CALX has been the topic of a number of research reports. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 14th. Finally, Drexel Hamilton reissued a “buy” rating and set a $8.50 price target on shares of Calix in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.38.

Shares of CALX stock remained flat at $$6.80 during mid-day trading on Friday. The stock had a trading volume of 170,901 shares, compared to its average volume of 260,438. Calix has a 52-week low of $4.65 and a 52-week high of $7.40. The company has a market cap of $345.20, a PE ratio of -4.13 and a beta of 0.66.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CALX. GSA Capital Partners LLP purchased a new position in shares of Calix during the third quarter worth about $114,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Calix during the third quarter worth about $119,000. MetLife Investment Advisors LLC purchased a new position in shares of Calix during the fourth quarter worth about $127,000. Simplex Trading LLC purchased a new position in shares of Calix during the fourth quarter worth about $135,000. Finally, Paloma Partners Management Co purchased a new position in shares of Calix during the fourth quarter worth about $145,000. 64.85% of the stock is currently owned by hedge funds and other institutional investors.

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Calix Company Profile

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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Earnings History and Estimates for Calix (NYSE:CALX)

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