Calix (CALX) Set to Announce Quarterly Earnings on Monday

Calix (NYSE:CALX - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $198.14 million during the quarter, compared to analyst estimates of $200.77 million. Calix had a return on equity of 4.17% and a net margin of 0.52%. The business's revenue was down 24.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calix Stock Down 1.1 %

Shares of CALX traded down $0.44 during mid-day trading on Monday, hitting $38.68. The stock had a trading volume of 321,482 shares, compared to its average volume of 738,838. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $45.15. The company has a market cap of $2.53 billion, a PE ratio of 124.61 and a beta of 1.74. The company's fifty day simple moving average is $37.39 and its two-hundred day simple moving average is $34.90.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total transaction of $939,000.00. Following the sale, the director now owns 3,723,381 shares of the company's stock, valued at $139,850,190.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Calix in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on Calix from $28.00 to $41.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Roth Mkm boosted their price objective on Calix from $43.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. StockNews.com upgraded Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, Craig Hallum boosted their price objective on Calix from $41.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.50.

About Calix

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.