Calix Inc (NYSE: CALX) has reported E.P.S. of $-0.12 for its second fiscal quarter (ending June 30) versus $0.14 for the same period a year ago — a decline of -186%. This result fell short of the consensus estimate of $0.06 by $-0.18. For the latest four quarters through June 30, E.P.S. were $0.04 compared to $0.68 a year ago — a decline of -94%.
Recent Price Action
Calix Inc (NYSE: CALX) stock closed at $37.39 on 7/22/24 after a large increase of 2.8%. Moreover, trading volume in this advance was exceptionally high at 221% of normal. The stock has been weak relative to the market over the last nine months but has risen 7.5% during the last week.
Current PriceTarget Research Rating
CALX is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Calix has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Calix has a poor Appreciation Score of 29 and a very low Power Rating of 8, and the Lowest Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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