Calix (CALX) Getting Somewhat Favorable Media Coverage, Report Finds
News coverage about Calix (NYSE:CALX) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Calix earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 45.5037444663699 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Calix (CALX) Lifted to Hold at ValuEngine (americanbankingnews.com)
- Calix Inc (CALX) CFO Cory Sindelar Purchases 5,000 Shares (americanbankingnews.com)
- Calix Inc (CALX) CFO Buys $41,519.30 in Stock (americanbankingnews.com)
- Calix AXOS Innovation Brings the Ultimate Guest Broadband Experience to Leading Hospitality Brands (finance.yahoo.com)
Several research firms have recently issued reports on CALX. Jefferies Group restated a “hold” rating and issued a $7.00 price target on shares of Calix in a research report on Friday, October 6th. BidaskClub lowered Calix from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Northland Securities set a $7.00 price target on Calix and gave the stock a “hold” rating in a research report on Monday, August 7th. ValuEngine upgraded Calix from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research lowered Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.50.
Calix (CALX) opened at $6.75 on Monday. Calix has a twelve month low of $4.65 and a twelve month high of $8.10.
Calix (NYSE:CALX) last posted its earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.04). The business had revenue of $128.80 million for the quarter, compared to the consensus estimate of $127.92 million. Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. research analysts anticipate that Calix will post -1.52 EPS for the current year.
In other news, CFO Cory Sindelar purchased 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $100,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 16.50% of the company’s stock.
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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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