Calix (CALX) Issues Q1 Earnings Guidance
Calix (NYSE:CALX) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of ($0.20)-($0.16) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.22). The company issued revenue guidance of $102-$108 million, compared to the consensus revenue estimate of $120.92 million.
A number of brokerages have recently commented on CALX. BidaskClub lowered shares of Calix from a buy rating to a hold rating in a research note on Tuesday, October 31st. ValuEngine upgraded shares of Calix from a sell rating to a hold rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Calix from a hold rating to a sell rating in a research note on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Calix presently has a consensus rating of Hold and an average target price of $6.50.
Shares of Calix (NYSE:CALX) traded up $0.40 during mid-day trading on Tuesday, hitting $6.60. 614,411 shares of the stock were exchanged, compared to its average volume of 262,590. Calix has a 52-week low of $4.65 and a 52-week high of $7.75. The company has a market capitalization of $307.41, a price-to-earnings ratio of -4.05 and a beta of 0.72.
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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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