Brokerages predict that Calix Inc (NYSE:CALX) will report sales of $114.25 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Calix’s earnings. The lowest sales estimate is $113.50 million and the highest is $115.00 million. Calix posted sales of $128.83 million in the same quarter last year, which suggests a negative year over year growth rate of 11.3%. The company is expected to issue its next quarterly earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Calix will report full year sales of $452.85 million for the current fiscal year, with estimates ranging from $447.70 million to $458.00 million. For the next financial year, analysts anticipate that the business will post sales of $486.60 million, with estimates ranging from $478.20 million to $495.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Calix.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, August 7th. The communications equipment provider reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The business had revenue of $111.70 million for the quarter, compared to analysts’ expectations of $113.70 million. Calix had a negative return on equity of 30.28% and a negative net margin of 9.47%.

A number of brokerages have recently commented on CALX. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Jefferies Financial Group reissued a “hold” rating and issued a $6.50 price target on shares of Calix in a research report on Wednesday, August 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $7.67.

In other news, Director Kevin A. Denuccio acquired 38,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was bought at an average cost of $6.98 per share, for a total transaction of $268,730.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donald J. Listwin acquired 12,500 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of $6.88 per share, with a total value of $86,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 54,300 shares of company stock worth $377,380. Insiders own 18.28% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. purchased a new position in Calix in the 2nd quarter worth approximately $156,000. MetLife Investment Advisors LLC raised its holdings in Calix by 221.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 21,486 shares of the communications equipment provider’s stock worth $168,000 after acquiring an additional 14,808 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Calix in the 1st quarter worth approximately $238,000. Royal Bank of Canada raised its holdings in Calix by 204.3% in the 1st quarter. Royal Bank of Canada now owns 63,271 shares of the communications equipment provider’s stock worth $433,000 after acquiring an additional 42,478 shares during the last quarter. Finally, Global X Management Co LLC raised its holdings in Calix by 18.9% in the 2nd quarter. Global X Management Co LLC now owns 56,807 shares of the communications equipment provider’s stock worth $443,000 after acquiring an additional 9,049 shares during the last quarter. Institutional investors own 63.02% of the company’s stock.

Shares of CALX traded down $0.05 during mid-day trading on Friday, reaching $8.10. The company had a trading volume of 1,060 shares, compared to its average volume of 214,443. Calix has a 52 week low of $4.88 and a 52 week high of $9.05. The stock has a market cap of $429.94 million, a P/E ratio of -5.22 and a beta of 0.53.

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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Earnings History and Estimates for Calix (NYSE:CALX)

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