Calix (NYSE:CALX) Announces Quarterly Earnings Results

Calix (NYSE:CALX - Get Free Report) released its earnings results on Monday. The communications equipment provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06, RTT News reports. 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 3.58% and a negative return on equity of 3.43%. During the same quarter last year, the firm earned $0.21 EPS. Calix updated its Q2 2025 guidance to 0.180-0.240 EPS.

Calix Trading Up 1.6 %

Shares of CALX stock traded up $0.61 during midday trading on Friday, reaching $39.66. 1,453,897 shares of the stock were exchanged, compared to its average volume of 679,196. The firm has a market cap of $2.64 billion, a PE ratio of -88.13 and a beta of 1.75. The company's 50 day moving average is $34.97 and its two-hundred day moving average is $35.82. Calix has a 1 year low of $27.60 and a 1 year high of $42.50.

Analyst Ratings Changes

CALX has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday. Rosenblatt Securities boosted their price objective on Calix from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $53.00 target price on shares of Calix in a report on Tuesday. UBS Group reiterated a "buy" rating on shares of Calix in a report on Tuesday. Finally, Roth Capital set a $50.00 price target on shares of Calix and gave the stock a "buy" rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.83.

Calix announced that its board has authorized a stock buyback plan on Monday, April 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to repurchase up to 4.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Insider Activity at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the transaction, the director now directly owns 2,164,188 shares of the company's stock, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.90% of the stock is currently owned by corporate insiders.

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.