Calix (CALX) Expected to Announce Earnings on Monday

Calix (NYSE:CALX - Get Free Report) is projected to release its Q2 2025 earnings data after the market closes on Monday, July 21st. Analysts expect Calix to post earnings of $0.21 per share and revenue of $223.81 million for the quarter. Calix has set its Q2 2025 guidance at 0.180-0.240 EPS.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $220.20 million for the quarter, compared to analyst estimates of $206.98 million. Calix had a negative net margin of 4.20% and a negative return on equity of 4.14%. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, analysts expect Calix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calix Stock Up 0.1%

Shares of CALX traded up $0.06 during trading hours on Monday, hitting $50.55. The company had a trading volume of 491,452 shares, compared to its average volume of 749,149. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -97.20 and a beta of 1.37. The business has a fifty day moving average of $47.82 and a 200-day moving average of $40.56. Calix has a 12 month low of $28.60 and a 12 month high of $54.07.

Calix declared that its board has approved a share repurchase program on Monday, April 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

CALX has been the topic of a number of recent research reports. Rosenblatt Securities raised their target price on shares of Calix from $52.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. raised their target price on shares of Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Wolfe Research initiated coverage on shares of Calix in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. UBS Group reissued a "buy" rating on shares of Calix in a report on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of Calix from a "buy" rating to a "hold" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Calix has a consensus rating of "Moderate Buy" and a consensus target price of $48.50.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $39.59, for a total transaction of $989,750.00. Following the sale, the director directly owned 2,139,188 shares in the company, valued at $84,690,452.92. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $52.00, for a total transaction of $520,000.00. Following the sale, the chief financial officer owned 76,285 shares in the company, valued at approximately $3,966,820. This represents a 11.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Calix

Several hedge funds have recently added to or reduced their stakes in CALX. AQR Capital Management LLC boosted its position in Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider's stock worth $1,538,000 after buying an additional 33,769 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Calix by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider's stock worth $6,249,000 after purchasing an additional 16,905 shares during the period. Intech Investment Management LLC lifted its position in shares of Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider's stock worth $1,167,000 after purchasing an additional 6,962 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider's stock worth $993,000 after purchasing an additional 2,773 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.