Media coverage about Calix (NYSE:CALX) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Calix earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 45.6531267025595 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Calix (CALX) opened at 4.90 on Wednesday. The firm’s market cap is $246.50 million. Calix has a 1-year low of $4.65 and a 1-year high of $8.10. The company’s 50-day moving average price is $5.57 and its 200 day moving average price is $6.52.
Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.15). The business had revenue of $126.12 million for the quarter, compared to the consensus estimate of $123.70 million. Calix had a negative net margin of 12.72% and a negative return on equity of 30.33%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. On average, analysts predict that Calix will post ($1.21) EPS for the current year.
Several equities research analysts recently commented on CALX shares. ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub raised Calix from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Northland Securities set a $6.00 target price on Calix and gave the stock a “hold” rating in a research note on Sunday, August 13th. Finally, Zacks Investment Research cut Calix from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $6.50.
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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