Calix (CALX) Expected to Announce Earnings on Monday

Calix (NYSE:CALX - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data after the market closes on Monday, July 21st. Analysts expect the company to announce 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 posted its earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The company had revenue of $220.20 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $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 Performance

NYSE CALX traded up $1.70 on Thursday, reaching $53.04. 1,039,610 shares of the company's stock traded hands, compared to its average volume of 693,391. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of -101.99 and a beta of 1.37. The stock has a 50 day moving average price of $48.54 and a 200-day moving average price of $40.93. Calix has a fifty-two week low of $28.61 and a fifty-two week high of $54.07.

Calix declared that its Board of Directors has authorized a share repurchase program on Monday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $52.00, for a total transaction of $520,000.00. Following the completion of the sale, the chief financial officer owned 76,285 shares of the company's stock, valued at $3,966,820. The trade was a 11.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carl Russo sold 25,000 shares of the business's stock in a transaction dated Monday, April 28th. The stock was 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 of the company's stock, valued at $84,690,452.92. This represents a 1.16% decrease in their position. The disclosure for this sale can be found here. 16.90% of the stock is owned by insiders.

Institutional Trading of Calix

A number of institutional investors and hedge funds have recently modified their holdings of CALX. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Calix by 10.6% during 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 valued at $6,249,000 after acquiring an additional 16,905 shares in the last quarter. AQR Capital Management LLC grew its stake 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 valued at $1,538,000 after acquiring an additional 33,769 shares in the last quarter. Intech Investment Management LLC grew its stake in Calix by 26.8% during the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider's stock valued at $1,167,000 after acquiring an additional 6,962 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider's stock valued at $993,000 after acquiring an additional 2,773 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CALX. UBS Group reiterated a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $56.00 price objective on shares of Calix in a research report on Tuesday. Roth Capital set a $50.00 price objective on shares of Calix and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $53.00 price objective on shares of Calix in a research report on Tuesday, April 22nd. Finally, Wolfe Research began coverage on shares of Calix in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $50.83.

Calix Company Profile

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.