Brokerages forecast that Calix, Inc (NYSE:CALX) will report sales of $127.87 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Calix’s earnings. The lowest sales estimate is $127.60 million and the highest is $128.02 million. Calix posted sales of $121.19 million in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The firm is expected to report its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that Calix will report full year sales of $127.87 million for the current year, with estimates ranging from $504.79 million to $519.50 million. For the next fiscal year, analysts forecast that the business will report sales of $543.90 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Calix.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.15. Calix had a negative return on equity of 30.33% and a negative net margin of 12.72%. The business had revenue of $126.12 million during the quarter, compared to analyst estimates of $123.70 million. During the same quarter last year, the firm earned ($0.04) EPS. Calix’s revenue for the quarter was up 17.4% compared to the same quarter last year.

Several research firms recently weighed in on CALX. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Northland Securities set a $7.00 price objective on shares of Calix and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research cut shares of Calix from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.50.

Shares of Calix (NYSE:CALX) traded up 1.02% during mid-day trading on Friday, reaching $4.95. 144,392 shares of the company’s stock traded hands. Calix has a 12-month low of $4.70 and a 12-month high of $8.10. The firm has a 50-day moving average of $5.91 and a 200 day moving average of $6.61. The company’s market cap is $249.02 million.

A number of hedge funds and other institutional investors have recently modified their holdings of CALX. PEAK6 Investments L.P. bought a new position in Calix during the first quarter valued at approximately $120,000. Trexquant Investment LP bought a new position in Calix during the first quarter valued at approximately $134,000. American International Group Inc. grew its position in Calix by 7.1% during the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after acquiring an additional 1,676 shares during the last quarter. Voya Investment Management LLC grew its position 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 valued at $189,000 after acquiring an additional 3,696 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Calix by 2.7% during the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock valued at $192,000 after acquiring an additional 729 shares during the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.

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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.

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