Calix (NYSE:CALX) Hits New 12-Month High Following Better-Than-Expected Earnings

Calix, Inc (NYSE:CALX)’s share price reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $69.30 and last traded at $68.69, with a volume of 393499 shares trading hands. The stock had previously closed at $62.23.

The communications equipment provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The firm had revenue of $265.44 million for the quarter, compared to the consensus estimate of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.70%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS.

Wall Street Analyst Weigh In

CALX has been the topic of several research analyst reports. Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. boosted their target price on Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Roth Capital set a $85.00 target price on Calix and gave the stock a “buy” rating in a research report on Thursday. Rosenblatt Securities boosted their price objective on shares of Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, Wolfe Research started coverage on shares of Calix in a research report on Monday, July 7th. They issued a “peer perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Calix has an average rating of “Hold” and an average target price of $68.00.

Insider Transactions at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. This represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Calix

Large investors have recently added to or reduced their stakes in the business. SouthState Corp lifted its position in Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 500 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Calix during the 2nd quarter worth about $30,000. Covestor Ltd lifted its holdings in shares of Calix by 125.4% during the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 365 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Calix during the 2nd quarter worth about $36,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Calix during the 1st quarter worth about $28,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Stock Up 9.3%

The company has a market cap of $4.44 billion, a PE ratio of -566.99 and a beta of 1.32. The stock’s 50 day simple moving average is $60.79 and its two-hundred day simple moving average is $52.84.

About Calix

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.