Calix (NYSE:CALX – Get Free Report) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.05-0.11 for the period, compared to the consensus EPS estimate of $0.12. The company issued revenue guidance of $198-204 million, compared to the consensus revenue estimate of $208.04 million.
Analyst Ratings Changes
A number of brokerages have recently commented on CALX. Needham & Company LLC restated a buy rating and issued a $45.00 price target on shares of Calix in a report on Monday, May 20th. Rosenblatt Securities cut their price target on Calix from $45.00 to $35.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group lowered Calix from a buy rating to a hold rating and cut their price target for the company from $48.00 to $30.00 in a report on Thursday, April 25th. Roth Mkm reiterated a buy rating and set a $50.00 target price on shares of Calix in a report on Monday, April 22nd. Finally, Craig Hallum dropped their target price on Calix from $48.00 to $41.00 and set a buy rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Calix presently has a consensus rating of Hold and a consensus target price of $40.33.
Check Out Our Latest Report on CALX
Calix Stock Up 2.8 %
Calix (NYSE:CALX – Get Free Report) last posted its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Calix had a return on equity of 6.64% and a net margin of 2.19%. The company had revenue of $226.31 million for the quarter, compared to the consensus estimate of $228.01 million. As a group, equities analysts predict that Calix will post -0.27 earnings per share for the current fiscal year.
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.
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