Calix (CALX) to Release Quarterly Earnings on Wednesday

Calix (NYSE:CALX - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, January 29th. Analysts expect Calix to post earnings of $0.07 per share and revenue of $203,908.43 billion for the quarter. Calix has set its Q4 guidance at $0.04-0.10 EPS and its Q4 2024 guidance at 0.040-0.100 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. The business had revenue of $200.95 million during the quarter, compared to the consensus estimate of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business's revenue was down 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calix Trading Up 2.3 %

Shares of NYSE:CALX traded up $0.86 during mid-day trading on Wednesday, reaching $38.78. The stock had a trading volume of 598,538 shares, compared to its average volume of 452,741. The business's 50 day moving average price is $34.55 and its 200 day moving average price is $36.09. Calix has a 1 year low of $26.76 and a 1 year high of $45.15. The company has a market cap of $2.57 billion, a P/E ratio of -161.58 and a beta of 1.68.

Wall Street Analyst Weigh In

CALX has been the topic of several research reports. StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Calix in a report on Tuesday, October 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Calix presently has an average rating of "Moderate Buy" and an average target price of $42.50.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.