Calix (NYSE:CALX) issued its quarterly earnings results on Tuesday. The communications equipment provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02, Bloomberg Earnings reports. The business had revenue of $115.52 million during the quarter, compared to the consensus estimate of $124.95 million. Calix had a negative net margin of 5.73% and a negative return on equity of 18.02%. Calix updated its Q1 2019 guidance to $-0.07–0.02 EPS.
Calix stock opened at $8.50 on Wednesday. The company has a market capitalization of $587.09 million, a price-to-earnings ratio of -5.45, a P/E/G ratio of 30.69 and a beta of 0.68. Calix has a twelve month low of $6.00 and a twelve month high of $11.30.
Several equities research analysts recently commented on CALX shares. Cowen upgraded shares of Calix from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 6th. ValuEngine upgraded shares of Calix from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 6th. TheStreet upgraded shares of Calix from a “d” rating to a “c” rating in a research note on Friday, November 23rd. Finally, Zacks Investment Research upgraded shares of Calix from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Calix presently has a consensus rating of “Buy” and a consensus price target of $9.17.
In other Calix news, Director Donald J. Listwin purchased 12,500 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were bought at an average price of $9.80 per share, for a total transaction of $122,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Cory Sindelar purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were acquired at an average price of $10.50 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 40,000 shares in the company, valued at $420,000. The disclosure for this purchase can be found here. 18.28% of the stock is currently owned by corporate insiders.
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Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.
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