Calix (CALX) Expected to Announce Quarterly Earnings on Monday

Calix (NYSE:CALX) is projected to issue its quarterly earnings data after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $0.13 per share and revenue of $206.98 million for the quarter. Calix has set its Q1 2025 guidance at 0.100-0.160 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Calix (NYSE:CALX) last issued its quarterly earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calix Stock Performance

Shares of Calix stock opened at $33.80 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of -75.12 and a beta of 1.75. Calix has a 52-week low of $26.76 and a 52-week high of $42.50. The stock’s 50-day simple moving average is $35.25 and its 200 day simple moving average is $35.83.

Analyst Upgrades and Downgrades

CALX has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on Calix from $45.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Calix presently has an average rating of “Moderate Buy” and a consensus target price of $41.33.

Insiders Place Their Bets

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the transaction, the director now directly owns 2,164,188 shares in the company, valued at $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.69% of the company’s stock.

Calix Company Profile

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.