Calix (NYSE:CALX) Reaches New 1-Year High - What's Next?

Key Points

• Calix, Inc's stock reached a new 52-week high of $63.00, closing at $62.98 with 731,143 shares traded.
• Analysts have set new price targets for Calix, with JPMorgan increasing their target to $52.00 and Needham raising theirs to $70.00, contributing to an average target price of $59.25.
• Calix reported an earnings per share (EPS) of $0.33 in the last quarter, significantly exceeding the consensus estimate of ($0.08), and expects to achieve 0.310-0.371 EPS for Q3 2025.

Calix, Inc (NYSE:CALX - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $63.00 and last traded at $62.98, with a volume of 731143 shares traded. The stock had previously closed at $61.67.

Analysts Set New Price Targets

CALX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Needham & Company LLC increased their price target on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wolfe Research initiated coverage on Calix in a report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, Rosenblatt Securities increased their price target on Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.25.

Calix Stock Performance

The company has a 50 day moving average price of $56.50 and a 200 day moving average price of $46.09. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of -157.45 and a beta of 1.35.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.41. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The company 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 business posted $0.09 EPS. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts forecast that Calix, Inc will post -0.43 EPS for the current year.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the transaction, the director owned 2,114,188 shares of the company's stock, valued at approximately $117,126,015.20. This trade represents a 1.17% decrease in their position. The sale 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 Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,000 shares of company stock worth $3,065,000. 16.90% of the stock is owned by insiders.

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% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider's stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Calix during the 1st quarter worth approximately $28,000. Raymond James Financial Inc. bought a new position in shares of Calix during the 2nd quarter worth approximately $30,000. Signaturefd LLC lifted its position in shares of Calix by 91.1% during the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after buying an additional 480 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Calix during the 2nd quarter worth approximately $36,000. Institutional investors own 98.14% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.