Calix, Inc (NYSE:CALX) Issues Earnings Results, Misses Estimates By $0.15 EPS
Calix, Inc (NYSE:CALX) issued its earnings results on Tuesday. The communications equipment provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.15, Bloomberg Earnings reports. The firm had revenue of $126.12 million during the quarter, compared to analysts’ expectations of $123.70 million. Calix had a negative return on equity of 22.23% and a negative net margin of 10.46%. The business’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS.
Calix (NYSE CALX) traded down 2.336% during trading on Thursday, hitting $5.225. The company’s stock had a trading volume of 441,250 shares. The company has a 50-day moving average of $6.80 and a 200 day moving average of $6.87. The firm’s market cap is $261.35 million. Calix has a one year low of $5.15 and a one year high of $8.10.
CALX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine upgraded Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub lowered Calix from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Northland Securities set a $7.00 target price on Calix and gave the stock a “hold” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.00.
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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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