Calix, Inc (NYSE:CALX) is reporting third quarter earnings results on Tuesday 20th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.20 per share.
For the full year, analysts predict revenues of $ 484.73 million, while looking forward to income of $ 0.52 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.17 ~ $ 0.21 per share, while revenues are expected in a range of $ 127.00 million ~ $ 131.00 million
Click Here For More Historical Outlooks Of Calix, Inc
Previous Quarter Performance
Calix, Inc unveiled income for the second quarter of $ 0.14 per share, from the revenue of $ 119.02 million. Wall street analysts are predicting, CALX to report 2Q20 income of $ 0.05 per share from revenue of $ 112.61 million. The bottom line results beat street analysts by $ 0.09 or 180.00 percent, at the same time, top line results outshined analysts by $ 6.41 million or 5.69 percent.
Stock Performance
Shares of Calix, Inc traded up $ 1.14 or 5.53 percent on Monday, reaching $ 21.74 with volume of 1.67 million shares. Calix, Inc has traded high as $ 22.35 and has cracked $ 20.85 on the downward trend
According to the previous trading day, closing price of $ 21.74, representing a 267.20 % increase from the 52 week low of $ 5.61 and a 9.21 % decrease over the 52 week high of $ 22.69.
The company has a market capital of $ 1.34 billion and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Needham & Company LLC at Buy rating, with $ 25.00 target price.
Conference Call
Calix, Inc will be hosting a conference call at 8:30 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.calix.com
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The companys cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks. Its premises systems allow CSPs to master the complexity of the smart home and business, and offer services to their device-enabled subscribers.
