Calix (NYSE:CALX) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Calix (NYSE:CALX - Get Free Report) issued its quarterly earnings results on Monday. The communications equipment provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06, RTT News reports. The business had revenue of $220.20 million for the quarter, compared to the consensus estimate of $206.98 million. Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. During the same quarter in the previous year, the company posted $0.21 earnings per share. Calix updated its Q2 2025 guidance to 0.180-0.240 EPS.

Calix Stock Performance

Shares of NYSE:CALX traded up $0.61 during midday trading on Friday, hitting $39.66. The company's stock had a trading volume of 1,453,897 shares, compared to its average volume of 679,196. Calix has a fifty-two week low of $27.60 and a fifty-two week high of $42.50. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -88.13 and a beta of 1.75. The stock's 50 day simple moving average is $34.97 and its 200 day simple moving average is $35.82.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the business's 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 transaction, the director now owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.90% of the company's stock.

Calix announced that its board has initiated a share buyback plan on Monday, April 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the communications equipment provider to purchase up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CALX has been the topic of a number of research reports. Roth Capital set a $50.00 target price on Calix and gave the company a "buy" rating in a report on Tuesday. Rosenblatt Securities increased their target price on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $53.00 price objective on shares of Calix in a research report on Tuesday. Finally, UBS Group reaffirmed a "buy" rating on shares of Calix in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

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.