Calix (CALX) Stock Price, News & Analysis

5 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" CALX shares.
View CALX analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 12 month price objectives for Calix's shares. Their CALX share price targets range from $42.00 to $79.00. On average, they expect the company's share price to reach $54.60 in the next year. This suggests a possible upside of 86.5% from the stock's current price.
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Calix's stock was trading at $43.69 at the start of the year. Since then, CALX shares have decreased by 33.0% and is now trading at $29.28.
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Calix saw a increase in short interest in 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 daily volume of 1,020,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 6.0% of the shares of the company are sold short.
View Calix's Short Interest.

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

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.

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

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), Invesco S&P SmallCap Information Technology ETF (PSCT) and Defiance Next Gen Connectivity ETF (FIVG).Syntax Stratified SmallCap ETF (SSLY).

Calix updated 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 earnings per share 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.

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.

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).

Calix's stock is owned by many different institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (1.60%), Artemis Investment Management LLP (0.55%), Allspring Global Investments Holdings LLC (0.31%), Congress Wealth Management LLC DE (0.27%), Norden Group LLC (0.22%) 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.
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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.
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