Somewhat Positive Media Coverage Somewhat Unlikely to Affect Calix (CALX) Share Price
News articles about Calix (NYSE:CALX) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calix earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 45.4806453328141 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Calix (NYSE CALX) opened at $6.45 on Tuesday. Calix has a 52 week low of $4.65 and a 52 week high of $8.10.
Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.04). The company had revenue of $128.80 million during the quarter, compared to analyst estimates of $127.92 million. Calix had a negative return on equity of 43.76% and a negative net margin of 16.19%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. analysts anticipate that Calix will post -1.53 earnings per share for the current fiscal year.
Several equities analysts have commented on the company. BidaskClub downgraded Calix from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and set a $7.00 price target on shares of Calix in a report on Friday, October 6th. ValuEngine upgraded Calix from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.50.
In related news, CFO Cory Sindelar acquired 5,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were acquired at an average price of $6.70 per share, for a total transaction of $33,500.00. Following the completion of the purchase, the chief financial officer now owns 15,000 shares in the company, valued at approximately $100,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.50% 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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