Analysts forecast that Calix Inc (NYSE:CALX) will report sales of $102.95 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Calix’s earnings. The highest sales estimate is $103.00 million and the lowest is $102.90 million. Calix reported sales of $99.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The business is scheduled to report its next earnings report on Tuesday, May 14th.

On average, analysts expect that Calix will report full-year sales of $467.20 million for the current year, with estimates ranging from $466.40 million to $468.00 million. For the next financial year, analysts anticipate that the firm will report sales of $492.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Calix.

Calix (NYSE:CALX) last issued its earnings results on Tuesday, February 5th. The communications equipment provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The company had revenue of $115.52 million during the quarter, compared to the consensus estimate of $124.95 million. Calix had a negative return on equity of 12.08% and a negative net margin of 4.37%.

CALX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Calix from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, January 3rd. ValuEngine lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.92.

Calix stock traded down $0.29 during trading hours on Thursday, reaching $7.70. The company had a trading volume of 494,197 shares, compared to its average volume of 314,252. The stock has a market capitalization of $416.12 million, a P/E ratio of -23.33, a price-to-earnings-growth ratio of 12.22 and a beta of 0.60. Calix has a 12-month low of $6.00 and a 12-month high of $11.30.

In related news, CFO Cory Sindelar acquired 10,000 shares of the stock in a transaction on Friday, February 8th. The stock was acquired at an average price of $7.53 per share, for a total transaction of $75,300.00. Following the completion of the purchase, the chief financial officer now owns 44,000 shares of the company’s stock, valued at $331,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Daniel Plants acquired 100,000 shares of the stock in a transaction on Friday, February 8th. The shares were bought at an average price of $7.49 per share, with a total value of $749,000.00. The disclosure for this purchase can be found here. Insiders have purchased 122,500 shares of company stock worth $924,800 over the last 90 days. 18.28% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Semmax Financial Advisors Inc. purchased a new position in shares of Calix in the fourth quarter worth $38,000. Two Sigma Advisers LP increased its position in Calix by 7.3% during the fourth quarter. Two Sigma Advisers LP now owns 80,353 shares of the communications equipment provider’s stock valued at $783,000 after acquiring an additional 5,500 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Calix during the fourth quarter valued at $75,000. Jane Street Group LLC increased its position in Calix by 22.7% during the fourth quarter. Jane Street Group LLC now owns 49,120 shares of the communications equipment provider’s stock valued at $479,000 after acquiring an additional 9,085 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Calix by 11.8% during the third quarter. Teachers Advisors LLC now owns 93,062 shares of the communications equipment provider’s stock valued at $754,000 after acquiring an additional 9,856 shares during the last quarter. Institutional investors and hedge funds own 62.82% of the company’s stock.

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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