Analysts Forecast Calix, Inc. (NYSE:CALX) to Post Quarterly Sales of $177.02 Million


Equity research analysts predict that Calix, Inc. (NYSE: CALXGet a rating) will announce sales of $177.02 million for the current quarter, according to Zacks. Three analysts provided earnings estimates for Calix, with the highest sales estimate at $177.40 million and the lowest estimate at $176.66 million. Calix recorded sales of $162.07 million in the same quarter last year, suggesting a positive year-over-year growth rate of 9.2%. The company is expected to release its next earnings report after the market closes on Monday, January 1.

On average, analysts expect Calix to post annual revenue of $745.90 million for the current fiscal year, with estimates ranging from $742.40 million to $750.00 million. dollars. For the next fiscal year, analysts expect the company to post sales of $831.12 million, with estimates ranging from $816.64 million to $845.60 million. Zacks sales averages are an average based on a survey of sell-side research analysts who cover Calix.

Calix (NYSE: CALXGet a rating) last released its quarterly results on Wednesday, January 26. The communications equipment provider reported earnings per share (EPS) of $0.19 for the quarter, beating the consensus estimate of $0.14 by $0.05. Calix had a return on equity of 16.41% and a net margin of 35.09%. The company posted revenue of $176.42 million for the quarter, versus analyst estimates of $173.92 million. In the same period a year earlier, the company posted earnings per share of $0.39. The company’s quarterly revenue increased by 3.8% compared to the same quarter last year.

Several equity research analysts have recently weighed in on CALX shares. Craig Hallum upgraded Calix from a “hold” rating to a “buy” rating and set a price target of $55.00 on the stock in a research note on Friday, January 28. Rosenblatt Securities launched coverage on Calix in a research note on Monday, April 11. They issued a “buy” rating and a price target of $60.00 on the stock. Needham & Company LLC reissued a “buy” rating and released a target price of $73.00 on Calix shares in a Thursday, February 24 report. Loop Capital launched a hedge on Calix in a report on Wednesday, February 23. They issued a “buy” rating and a target price of $70.00 on the stock. To finish, StockNews.com launched a cover on Calix in a report on Thursday, March 31. They issued a “holding” rating on the stock. One analyst rated the stock with a hold rating and nine have issued a buy rating for the company’s stock. According to MarketBeat.com, the stock has a consensus buy rating and a consensus target price of $66.22.

CALX Stock opened at $37.51 on Monday. Calix has a 1 year minimum of $36.50 and a 1 year maximum of $80.95. The company has a market capitalization of $2.42 billion, a P/E ratio of 10.69, a P/E/G ratio of 3.77 and a beta of 1.60. The company’s 50-day moving average is $45.24 and its 200-day moving average is $56.12.

In other news, Director Donald J. Listwin acquired 10,000 shares in a transaction that took place on Friday, February 4. The shares were acquired at an average price of $50.94 per share, for a total transaction of $509,400.00. The purchase was disclosed in a filing with the SEC, accessible via this link. 16.64% of the shares are held by company insiders.

Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Allianz Asset Management GmbH increased its stake in Calix by 0.3% in the 4th quarter. Allianz Asset Management GmbH now owns 62,642 shares of the communications equipment supplier worth $5,009,000 after buying an additional 202 shares last quarter. Keebeck Alpha LP increased its stake in Calix by 3.0% during the third quarter. Keebeck Alpha LP now owns 7,090 shares of the communications equipment supplier worth $350,000 after buying 209 additional shares last quarter. State of New Jersey Common Pension Fund D increased its stake in Calix by 0.4% during the third quarter. New Jersey State Joint Pension Fund D now owns 61,300 shares of the communications equipment provider worth $3,030,000 after buying an additional 256 shares last quarter. Exane Derivatives increased its stake in Calix by 12.9% in the 4th quarter. Exane Derivatives now owns 2,449 shares of the communications equipment supplier worth $196,000 after buying an additional 280 shares last quarter. Finally, Principal Financial Group Inc. increased its stake in Calix by 0.8% during the third quarter. Principal Financial Group Inc. now owns 43,235 shares of the communications equipment provider worth $2,138,000 after buying an additional 344 shares last quarter. Institutional investors and hedge funds own 78.98% of the company’s shares.

Calix Company Profile (Get a rating)

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, as well as systems and services in the United States, the rest of the Americas, Europe, the Middle East, Africa and Asia-Pacific . The company’s cloud and software platforms, systems and services enable broadband service providers (BSPs) to deliver a range of services.

Further reading

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Earnings history and estimates for Calix (NYSE:CALX)



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