Headlines about Calix (NYSE:CALX) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Calix earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 47.3048040683071 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Zacks: Brokerages Anticipate Calix, Inc (CALX) Will Post Quarterly Sales of $143.30 Million (americanbankingnews.com)
- Calix AXOS Gfast Has Over 100 Service Provider Deployments (telecompetitor.com)
- Calix AXOS Accelerates Past 100 Gfast Service Provider Deployments (finance.yahoo.com)
- Calix, Inc (CALX) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
Several research analysts recently weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $7.00 target price on shares of Calix in a research note on Friday, October 6th. BidaskClub lowered Calix from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Northland Securities set a $7.00 price target on Calix and gave the company a “hold” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research lowered Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.50.
Calix (NYSE:CALX) traded up $0.10 during trading hours on Friday, hitting $6.45. The company had a trading volume of 342,447 shares, compared to its average volume of 279,749. Calix has a fifty-two week low of $4.65 and a fifty-two week high of $8.10.
Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.04). Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The company had revenue of $128.80 million during the quarter, compared to analyst estimates of $127.92 million. During the same quarter last year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts expect that Calix will post -1.52 earnings per share for the current fiscal year.
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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