Calix (NYSE:CALX) Posts Quarterly Earnings Results, Beats Expectations By $0.41 EPS

Calix (NYSE:CALX - Get Free Report) announced its quarterly earnings results on Monday. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.41, Briefing.com reports. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The firm had revenue of $241.90 million during the quarter, compared to the consensus estimate of $223.81 million. During the same period last year, the firm earned $0.09 EPS. The business's quarterly revenue was up 22.1% compared to the same quarter last year. Calix updated its Q3 2025 guidance to 0.310-0.371 EPS.

Calix Trading Up 0.5%

CALX stock traded up $0.29 during midday trading on Thursday, reaching $56.30. 85,950 shares of the company's stock traded hands, compared to its average volume of 769,910. The stock's 50-day moving average is $49.16 and its 200 day moving average is $41.38. The stock has a market cap of $3.65 billion, a P/E ratio of -139.93 and a beta of 1.37. Calix has a 52-week low of $28.60 and a 52-week high of $57.90.

Analysts Set New Price Targets

Several analysts have recently weighed in on CALX shares. Wolfe Research started coverage on shares of Calix in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Rosenblatt Securities lifted their target price on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday. Roth Capital set a $50.00 target price on shares of Calix and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. UBS Group restated a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $57.40.

Calix announced that its Board of Directors has approved a share buyback plan on Monday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $39.59, for a total value of $989,750.00. Following the completion of the sale, the director owned 2,139,188 shares in the company, valued at approximately $84,690,452.92. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of the firm'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 in the company, valued at $3,966,820. This represents a 11.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company's stock.

Hedge Funds Weigh In On Calix

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in Calix by 11.0% in the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider's stock valued at $993,000 after buying an additional 2,773 shares during the last quarter. Intech Investment Management LLC grew its position in Calix by 26.8% in 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 buying an additional 6,962 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of 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 purchasing an additional 33,769 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 worth $6,249,000 after buying an additional 16,905 shares during the last quarter. 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.