Zacks: Analysts Expect Calix Inc (NYSE:CALX) Will Announce Quarterly Sales of $111.80 Million

Equities research analysts expect Calix Inc (NYSE:CALX) to post $111.80 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Calix’s earnings. The highest sales estimate is $112.00 million and the lowest is $111.60 million. Calix posted sales of $114.70 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.5%. The company is expected to issue its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Calix will report full-year sales of $420.55 million for the current year, with estimates ranging from $420.00 million to $421.10 million. For the next fiscal year, analysts anticipate that the business will report sales of $452.65 million, with estimates ranging from $451.30 million to $454.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Calix.

CALX has been the topic of a number of research reports. Northland Securities reaffirmed a “buy” rating and set a $8.50 target price on shares of Calix in a research report on Thursday, July 25th. Zacks Investment Research lowered Calix from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $8.38.

Shares of NYSE:CALX traded down $0.20 during trading on Monday, reaching $5.86. 206,740 shares of the stock were exchanged, compared to its average volume of 474,900. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 1.15. Calix has a 1-year low of $5.81 and a 1-year high of $11.30. The stock has a fifty day moving average price of $6.59. The stock has a market capitalization of $326.55 million, a price-to-earnings ratio of -17.76 and a beta of 0.71.

In related news, Director Kevin A. Denuccio purchased 33,500 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $6.62 per share, with a total value of $221,770.00. Following the transaction, the director now owns 258,155 shares of the company’s stock, valued at approximately $1,708,986.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald J. Listwin purchased 19,180 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was bought at an average cost of $6.40 per share, with a total value of $122,752.00. The disclosure for this purchase can be found here. Insiders purchased a total of 99,343 shares of company stock valued at $630,261 over the last three months. 18.57% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Calix by 28.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 457,332 shares of the communications equipment provider’s stock worth $3,001,000 after buying an additional 102,400 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Calix in the 2nd quarter worth approximately $25,000. Russell Investments Group Ltd. grew its position in shares of Calix by 8.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 120,714 shares of the communications equipment provider’s stock worth $792,000 after buying an additional 9,600 shares during the last quarter. Paradigm Capital Management Inc. NY grew its position in shares of Calix by 970.0% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 855,982 shares of the communications equipment provider’s stock worth $5,615,000 after buying an additional 775,982 shares during the last quarter. Finally, Heartland Advisors Inc. grew its position in shares of Calix by 178.2% in the 2nd quarter. Heartland Advisors Inc. now owns 603,200 shares of the communications equipment provider’s stock worth $3,957,000 after buying an additional 386,400 shares during the last quarter. 64.01% of the stock is owned by institutional investors and hedge funds.

About Calix

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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Earnings History and Estimates for Calix (NYSE:CALX)

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