Analysts expect Calix Inc (NYSE:CALX) to report $103.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Calix’s earnings, with the lowest sales estimate coming in at $102.40 million and the highest estimate coming in at $105.00 million. Calix reported sales of $117.52 million during the same quarter last year, which indicates a negative year over year growth rate of 11.8%. The firm is scheduled to announce its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Calix will report full-year sales of $103.70 million for the current fiscal year, with estimates ranging from $457.60 million to $536.29 million. For the next financial year, analysts anticipate that the firm will report sales of $525.10 million per share, with estimates ranging from $488.10 million to $579.19 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Calix.
Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, February 13th. The communications equipment provider reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). The business had revenue of $137.90 million for the quarter, compared to the consensus estimate of $142.34 million. Calix had a negative net margin of 16.27% and a negative return on equity of 48.53%.
Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Calix by 2.7% in the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after purchasing an additional 729 shares during the last quarter. Voya Investment Management LLC increased its stake in Calix by 15.5% during the second quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock worth $189,000 after acquiring an additional 3,696 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Calix by 11.8% during the second quarter. The Manufacturers Life Insurance Company now owns 37,558 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 3,961 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Calix by 6.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 171,087 shares of the communications equipment provider’s stock worth $864,000 after acquiring an additional 10,149 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Calix by 55.4% during the second quarter. Parametric Portfolio Associates LLC now owns 30,850 shares of the communications equipment provider’s stock worth $211,000 after acquiring an additional 11,001 shares during the last quarter. 64.85% of the stock is currently owned by hedge funds and other institutional investors.
CALX stock traded down $0.15 during trading hours on Friday, reaching $6.70. The company’s stock had a trading volume of 232,032 shares, compared to its average volume of 257,487. The company has a market capitalization of $342.68, a PE ratio of -4.09 and a beta of 0.66. Calix has a twelve month low of $4.65 and a twelve month high of $7.40.
WARNING: “Calix Inc (CALX) Expected to Announce Quarterly Sales of $103.70 Million” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2018/04/15/calix-inc-calx-expected-to-announce-quarterly-sales-of-103-70-million.html.
Calix Company Profile
Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.