Skip to main content

Calix (NYSE:CALX) Updates Q2 2021 Earnings Guidance

Tuesday, May 4, 2021 | MarketBeat

Calix (NYSE:CALX) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.240-0.280 for the period, compared to the Thomson Reuters consensus estimate of $0.170. The company issued revenue guidance of $157 million-$163 million, compared to the consensus revenue estimate of $138.93 million.

Several brokerages recently weighed in on CALX. Northland Securities raised their price objective on shares of Calix from $30.00 to $37.00 in a research report on Thursday, April 29th. Craig Hallum raised their price objective on shares of Calix from $34.00 to $40.00 and gave the company a hold rating in a research report on Thursday, April 29th. Cowen lifted their price target on shares of Calix from $32.00 to $45.00 and gave the company an outperform rating in a research report on Friday, January 29th. Zacks Investment Research lowered shares of Calix from a buy rating to a hold rating in a research report on Tuesday, April 6th. Finally, Jefferies Financial Group lifted their price target on shares of Calix from $40.00 to $52.00 in a research report on Wednesday, April 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. The company currently has a consensus rating of Hold and an average price target of $32.48.

Shares of CALX stock opened at $43.04 on Tuesday. Calix has a 1 year low of $10.64 and a 1 year high of $48.78. The firm's fifty day simple moving average is $41.93 and its 200 day simple moving average is $33.31. The firm has a market capitalization of $2.71 billion, a P/E ratio of 307.43 and a beta of 1.49.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, April 27th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.20. Calix had a net margin of 2.01% and a return on equity of 13.51%. The business had revenue of $162.07 million for the quarter, compared to analyst estimates of $150.46 million. The company's revenue for the quarter was up 59.4% compared to the same quarter last year. As a group, equities analysts anticipate that Calix will post 0.66 EPS for the current fiscal year.

In related news, Director Kevin A. Denuccio sold 50,000 shares of the business's stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $31.90, for a total transaction of $1,595,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 17.54% of the company's stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company's cloud and software platforms, and systems and services enable communication service providers (CSPs) to provide a range of services, such as basic voice and data, and advanced broadband services.

Recommended Story: Return on Equity (ROE)

Earnings History and Estimates for Calix (NYSE:CALX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What are catch-up contributions?


7 Low-Priced Dividend Stocks Under $10

The recent trading activity surrounding low-priced stocks like GameStop (NYSE:GME) is a reminder to investors of the high-risk nature involved with these stocks. Often when a stock trades for under $10 (also termed a penny stock), it is trading that low for a reason. The company may not be profitable, or in the case of GameStop, it finds itself with a business model that no longer fits with consumer trends.

But that’s not always the case. It is possible to find low-priced stocks, even penny stocks, that offer great value. This is particularly true if the stock offers investors a dividend. Dividend-earning stocks are a diversification source for a consumer’s portfolio, particularly if the dividend gets reinvested. It’s literally like paying yourself for owning the stock.

And the stocks in this presentation look ready also to deliver some additional stock price growth that can increase your total return.

View the "7 Low-Priced Dividend Stocks Under $10".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.