Calix (NYSE:CALX) Releases Earnings Results

Calix (NYSE:CALX) issued its earnings results on Monday. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02, FiscalAI reports. Calix had a net margin of 3.99% and a return on equity of 5.53%. The company had revenue of $301.71 million during the quarter, compared to analyst estimates of $304.23 million. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.

Calix Trading Down 7.7%

Shares of CALX stock opened at $33.34 on Wednesday. Calix has a 12 month low of $32.35 and a 12 month high of $68.18. The company has a market capitalization of $2.10 billion, a P/E ratio of 49.03 and a beta of 1.21. The stock has a 50 day moving average of $35.99 and a two-hundred day moving average of $42.46.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Tuesday, July 21st. Roth Capital reissued a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Rosenblatt Securities decreased their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Wall Street Zen raised Calix from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings downgraded Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.40.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported Q3 adjusted EPS of $0.44, above the $0.42 consensus estimate. Revenue increased 13.7% year over year, indicating continued growth. Calix Q3 Earnings Beat Estimates
• Positive Sentiment: Q4 EPS guidance of $0.41–$0.49 is above analysts’ $0.40 estimate, suggesting the company expects earnings to improve. Calix Q3 Revenue Rises; Issues Q4 Guidance
• Neutral Sentiment: Q4 revenue guidance of $311 million–$317 million brackets the $314.5 million consensus, while full-year revenue guidance of $1.2 billion matches expectations. Calix Q3 Revenue Rises; Issues Q4 Guidance
• Negative Sentiment: Q3 revenue of $301.7 million missed the $304.2 million analyst estimate, and EPS was unchanged from a year earlier. The revenue miss tempers the earnings beat. Calix Stock Drops After Q3 Results Expose Profit Pressure
• Negative Sentiment: Coverage of the earnings call highlighted margin pressure, and separate commentary characterized the stock as still overvalued despite its prior decline—risks that may weigh on investor sentiment. Calix Earnings Call Signals Growth Despite Margin Pressures

Calix Company Profile

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.