Should I buy or sell Calix stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CALX shares. View CALX analyst ratings or view top-rated stocks .

What is Calix's stock price target for 2024?

5 brokers have issued 12-month price targets for Calix's shares. Their CALX share price targets range from $42.00 to $79.00. On average, they anticipate the company's stock price to reach $54.60 in the next twelve months. This suggests a possible upside of 85.7% from the stock's current price. View analysts price targets for CALX or view top-rated stocks among Wall Street analysts .

How have CALX shares performed in 2024?

Calix's stock was trading at $43.69 on January 1st, 2024. Since then, CALX shares have decreased by 32.7% and is now trading at $29.41. View the best growth stocks for 2024 here .

Are investors shorting Calix?

Calix saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,460,000 shares, an increase of 14.6% from the March 15th total of 3,020,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 6.0% of the shares of the company are short sold. View Calix's Short Interest .

When is Calix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024. View our CALX earnings forecast .

How can I listen to Calix's earnings call?

Calix will be holding an earnings conference call on Tuesday, April 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) announced its quarterly earnings results on Tuesday, January, 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The communications equipment provider had revenue of $264.73 million for the quarter, compared to analysts' expectations of $264.41 million. Calix had a net margin of 3.06% and a trailing twelve-month return on equity of 7.92%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share.

What ETFs hold Calix's stock?

ETFs with the largest weight of Calix (NYSE:CALX) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN) , SPDR S&P Telecom ETF (XTL) , iShares Cybersecurity and Tech ETF (IHAK) , Defiance Next Gen Connectivity ETF (FIVG) and Burney U.S. Factor Rotation ETF (BRNY) . Syntax Stratified SmallCap ETF (SSLY) .

What guidance has Calix issued on next quarter's earnings?

Calix issued an update on its first quarter 2024 earnings guidance on Monday, January, 29th. The company provided EPS guidance of 0.170-0.230 for the period, compared to the consensus EPS estimate of 0.380. The company issued revenue guidance of $225.0 million-$231.0 million, compared to the consensus revenue estimate of $267.6 million.

What is Carl Russo's approval rating as Calix's CEO?

225 employees have rated Calix Chief Executive Officer Carl Russo on Glassdoor.com . Carl Russo has an approval rating of 98% among the company's employees. This puts Carl Russo in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Calix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Calix investors own include Advanced Micro Devices (AMD) , Etsy (ETSY) , Overstock.com (OSTK) , Enphase Energy (ENPH) , Micron Technology (MU) , NVIDIA (NVDA) , OPKO Health (OPK) , Zoom Video Communications (ZM) , Fastly (FSLY) and Novavax (NVAX) .

Who are Calix's major shareholders?

Calix's stock is owned by a number of retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (1.60%), Artemis Investment Management LLP (0.55%) and Thompson Investment Management Inc. (0.09%). Insiders that own company stock include Christopher J Bowick, Christopher J Bowick , Cory Sindelar , Donald J Listwin , J Daniel Plants , John Matthew Collins , Kathleen M Crusco , Kevin A Denuccio , Kira Makagon , Michael Matthews , Michael Weening and Shane Todd Marshall Eleniak . View institutional ownership trends .

How do I buy shares of Calix?

Shares of CALX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Calix have any subsidiaries?

The following companies are subsidiares of Calix: CIDC Private Limited, Calix Brasil Servicos Ltda., Calix International Inc., Calix Network Technology Development (Nanjing) Co. Ltd., Calix Networks UK Ltd., Occam Networks Inc., and Optical Solutions Inc.. Read More

NYSE:CALX

Calix (CALX) Stock Price, News & Analysis

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Free CALX Stock Alerts

$29.42

0.00 (0.00%)

(As of 03:33 PM ET)

Compare

Today's Range: $29.08
▼
$29.61
50-Day Range: $29.42
▼
$37.31
52-Week Range: $29.08
▼
$53.90

Volume: 522,169 shs
Average Volume: 981,726 shs
Market Capitalization: $1.92 billion

P/E Ratio: 65.38
Dividend Yield: N/A
Price Target: $54.60

Get Calix alerts:

Calix MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 85.7% Upside
$54.60 Price Target
Short Interest: Bearish
5.95% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.10
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 108.89%
From $0.45 to $0.94 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.24 out of 5 stars

Computer And Technology Sector

272nd out of 592 stocks

Communication Services, Not Elsewhere Classified Industry

3rd out of 9 stocks

3.4

Analyst's Opinion

Consensus Rating
Calix has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Calix has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.95% of the float of Calix has been sold short.
Short Interest Ratio / Days to Cover
Calix has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Calix has recently increased by 14.57%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Calix does not currently pay a dividend.
Dividend Growth
Calix does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CALX.

1.1

News and Social Media Coverage

News Sentiment
Calix has a news sentiment score of -0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Calix this week, compared to 5 articles on an average week.
Search Interest
Only 3 people have searched for CALX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Calix to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calix insiders have not sold or bought any company stock.
Percentage Held by Insiders
17.04% of the stock of Calix is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
98.14% of the stock of Calix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Calix are expected to grow by 108.89% in the coming year, from $0.45 to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calix is 65.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Calix is 65.36, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 229.25.
Price to Book Value per Share Ratio
Calix has a P/B Ratio of 2.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Calix Stock (NYSE:CALX)

Calix, Inc., together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. The company provides Calix Cloud platform, a role-based analytics platform comprising Calix Engagement Cloud, Calix Service Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application, such as CommandIQ for residents and CommandWorx for businesses; Calix Intelligent Access EDGE, an access network solution for automated and intelligent networks; and Calix Revenue EDGE, a premises solution for subscriber managed services. It also offers SmartLife managed services, including SmartHome managed services and applications to enhance, operate and secure the connected experience of subscribers in their home; SmartTown managed services that reimagine community Wi-Fi as a ubiquitous, secure, and managed experience across a BSP's footprint; and SmartBiz managed services that address the business networking and productivity needs of business owners with an all-in-one managed service. In addition, the company provides Wi-Fi systems under GigaSpire and GigaPro brands to be ready for deployment as a complete subscriber experience solution for BSP's residential and business subscribers. It offers its products through its direct sales force and resellers. The company was incorporated in 1999 and is headquartered in San Jose, California.

CALX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CALX Stock News Headlines

April 15, 2024 | americanbankingnews.com

Calix (CALX) Set to Announce Earnings on Monday

April 14, 2024 | americanbankingnews.com

Calix (NYSE:CALX) Reaches New 52-Week Low at $30.73

April 16, 2024 | StockEarnings (Ad)

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April 10, 2024 | finance.yahoo.com

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April 10, 2024 | investorplace.com

Tech Turnaround Targets: 3 Stocks Poised to Bounce Back and Reward Investors

April 10, 2024 | businesswire.com

74 Percent of Federally Funded BSPs Trust Calix for Compliance Reporting, Surpassing 2 Billion Tests Performed in Just 3 Years

April 4, 2024 | finance.yahoo.com

Calix Limited's (ASX:CXL) top owners are individual investors with 50% stake, while 29% is held by institutions

April 3, 2024 | finance.yahoo.com

At US$32.03, Is Calix, Inc. (NYSE:CALX) Worth Looking At Closely?

April 16, 2024 | StockEarnings (Ad)

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April 1, 2024 | finance.yahoo.com

Calix to Post First Quarter 2024 Results on April 22, 2024

March 27, 2024 | businesswire.com

Tombigbee Fiber Enables First Responders to Deliver Lifesaving Services in Rural Mississippi With Free Wi-Fi Built on Calix SmartTown

March 26, 2024 | finance.yahoo.com

Velocity Network and GOCare Partner on Digital Customer Experience

March 23, 2024 | wsj.com

Calix Inc.

March 20, 2024 | finance.yahoo.com

Calix Outperforms on Standards With the World’s Only Systems Portfolio That Is Both TR-369 and TR-398 Certified

March 20, 2024 | businesswire.com

Calix Outperforms on Standards With the World's Only Systems Portfolio That Is Both TR-369 and TR-398 Certified

March 19, 2024 | finance.yahoo.com

CALX Jul 2024 40.000 call

March 18, 2024 | finance.yahoo.com

Despite shrinking by US$80m in the past week, Calix (NYSE:CALX) shareholders are still up 339% over 5 years

March 16, 2024 | finance.yahoo.com

CALX Jul 2024 30.000 put

March 16, 2024 | finance.yahoo.com

CALX May 2024 50.000 put

March 14, 2024 | finance.yahoo.com

Non Executive Independent Director of Calix Catriona Deans Buys 100% More Shares

March 6, 2024 | businesswire.com

Calix Expands 24-Year Commitment to Rural America With Exclusive Ready.net Partnership To Simplify BEAD

February 22, 2024 | businesswire.com

Calix Broadband Platform Outperforms EU Standards for Broadband Energy Efficiency, Powering Greener Networks Across Europe That Require Half the Energy

February 22, 2024 | ca.finance.yahoo.com

CALX Oct 2024 35.000 put

February 21, 2024 | finance.yahoo.com

Calix Releases Cloud and Network Advancements for the Broadband Industry’s Only End-to-End Platform, Further Simplifying Operations for Broadband Providers

February 21, 2024 | businesswire.com

Calix Releases Cloud and Network Advancements for the Broadband Industry's Only End-to-End Platform, Further Simplifying Operations for Broadband Providers

February 18, 2024 | finance.yahoo.com

CALX Mar 2024 30.000 put

February 18, 2024 | finance.yahoo.com

CALX Mar 2024 50.000 call

See More Headlines

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Company Calendar

Last Earnings: 1/30/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Communication services, not elsewhere classified
Sub-Industry: Communications Equipment
Current Symbol: NYSE:CALX
CUSIP: 13100M50
CIK: 1406666
Web: www.calix.com
Phone: (408) 514-3000
Fax: 707-283-3100
Employees: 1,760
Year Founded: 1999

Price Target and Rating

Average Stock Price Target: $54.60
High Stock Price Target: $79.00
Low Stock Price Target: $42.00
Potential Upside/Downside: +87.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.45
Trailing P/E Ratio: 64.62
Forward P/E Ratio: 64.62
P/E Growth: N/A
Net Income: $29.33 million
Net Margins: 3.06%
Pretax Margin: 3.34%
Return on Equity: 7.92%
Return on Assets: 6.23%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.19
Quick Ratio: 2.48

Sales & Book Value

Annual Sales: $1.04 billion
Price / Sales: 1.83
Cash Flow: $1.54 per share
Price / Cash Flow: 18.85
Book Value: $10.91 per share
Price / Book: 2.67

Miscellaneous

Outstanding Shares: 65,410,000
Free Float: 54,263,000
Market Cap: $1.90 billion
Optionable: Optionable
Beta: 1.65

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Key Executives

Mr. Michael Weening (Age 55)
CEO, President & Director
Comp: $1.83M
Mr. Cory J. Sindelar (Age 55)
CFO & Chief Accounting Officer
Comp: $767.67k
Mr. Shane Todd-Marshall Eleniak (Age 56)
Chief Product Officer
Comp: $637.44k
Mr. John Matthew Collins (Age 52)
Chief Commercial Operating Officer
Comp: $633.62k
Mr. Jim Fanucchi
Vice President of Investor Relations
Mr. Douglas W. McNitt (Age 59)
Executive VP, General Counsel & Corporate Secretary
Mr. Mark Dressler
Chief Revenue Officer
Ms. Martha Galley
Chief Sustainability Officer
Ms. Parul Kapoor
Chief Talent & Culture Officer
Mr. Jerry Cederlund
Senior Vice President of Supply Chain Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CALX Stock Analysis - Frequently Asked Questions

Should I buy or sell Calix stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CALX shares.
View CALX analyst ratings or view top-rated stocks.
What is Calix's stock price target for 2024?: 5 brokers have issued 12-month price targets for Calix's shares. Their CALX share price targets range from $42.00 to $79.00. On average, they anticipate the company's stock price to reach $54.60 in the next twelve months. This suggests a possible upside of 85.7% from the stock's current price.
View analysts price targets for CALX or view top-rated stocks among Wall Street analysts.
How have CALX shares performed in 2024?: Calix's stock was trading at $43.69 on January 1st, 2024. Since then, CALX shares have decreased by 32.7% and is now trading at $29.41.
View the best growth stocks for 2024 here.
Are investors shorting Calix?: Calix saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,460,000 shares, an increase of 14.6% from the March 15th total of 3,020,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 6.0% of the shares of the company are short sold.
View Calix's Short Interest.
When is Calix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our CALX earnings forecast.
How can I listen to Calix's earnings call?: Calix will be holding an earnings conference call on Tuesday, April 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Calix's earnings last quarter?: Calix, Inc. (NYSE:CALX) announced its quarterly earnings results on Tuesday, January, 30th. The communications equipment provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The communications equipment provider had revenue of $264.73 million for the quarter, compared to analysts' expectations of $264.41 million. Calix had a net margin of 3.06% and a trailing twelve-month return on equity of 7.92%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share.
What ETFs hold Calix's stock?: ETFs with the largest weight of Calix (NYSE:CALX) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN), SPDR S&P Telecom ETF (XTL), iShares Cybersecurity and Tech ETF (IHAK), Defiance Next Gen Connectivity ETF (FIVG) and Burney U.S. Factor Rotation ETF (BRNY).Syntax Stratified SmallCap ETF (SSLY).

What guidance has Calix issued on next quarter's earnings?: Calix issued an update on its first quarter 2024 earnings guidance on Monday, January, 29th. The company provided EPS guidance of 0.170-0.230 for the period, compared to the consensus EPS estimate of 0.380. The company issued revenue guidance of $225.0 million-$231.0 million, compared to the consensus revenue estimate of $267.6 million.
What is Carl Russo's approval rating as Calix's CEO?: 225 employees have rated Calix Chief Executive Officer Carl Russo on Glassdoor.com. Carl Russo has an approval rating of 98% among the company's employees. This puts Carl Russo in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Calix own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Calix investors own include Advanced Micro Devices (AMD), Etsy (ETSY), Overstock.com (OSTK), Enphase Energy (ENPH), Micron Technology (MU), NVIDIA (NVDA), OPKO Health (OPK), Zoom Video Communications (ZM), Fastly (FSLY) and Novavax (NVAX).
Who are Calix's major shareholders?: Calix's stock is owned by a number of retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (1.60%), Artemis Investment Management LLP (0.55%) and Thompson Investment Management Inc. (0.09%). Insiders that own company stock include Christopher J Bowick, Christopher J Bowick, Cory Sindelar, Donald J Listwin, J Daniel Plants, John Matthew Collins, Kathleen M Crusco, Kevin A Denuccio, Kira Makagon, Michael Matthews, Michael Weening and Shane Todd Marshall Eleniak.
View institutional ownership trends.
How do I buy shares of Calix?: Shares of CALX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Calix have any subsidiaries?: The following companies are subsidiares of Calix: CIDC Private Limited, Calix Brasil Servicos Ltda., Calix International Inc., Calix Network Technology Development (Nanjing) Co. Ltd., Calix Networks UK Ltd., Occam Networks Inc., and Optical Solutions Inc..
Read More

This page (NYSE:CALX) was last updated on 4/16/2024 by MarketBeat.com Staff

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