Northland Capmk Has Bullish Forecast for Calix Q2 Earnings

Calix, Inc. (NYSE:CALX - Free Report) - Equities researchers at Northland Capmk increased their Q2 2025 earnings per share (EPS) estimates for shares of Calix in a research note issued to investors on Tuesday, April 22nd. Northland Capmk analyst T. Savageaux now anticipates that the communications equipment provider will earn ($0.07) per share for the quarter, up from their prior forecast of ($0.11). The consensus estimate for Calix's current full-year earnings is ($0.43) per share. Northland Capmk also issued estimates for Calix's Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.08) EPS.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The company 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 prior year, the business posted $0.21 EPS.

Several other brokerages also recently commented on CALX. JPMorgan Chase & Co. raised their price objective on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. UBS Group reaffirmed a "buy" rating on shares of Calix in a research note on Tuesday, April 22nd. Roth Capital set a $50.00 price target on Calix and gave the company a "buy" rating in a report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $53.00 price target on shares of Calix in a research note on Tuesday, April 22nd. Finally, Rosenblatt Securities raised their price target on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Calix Stock Down 0.9 %

Calix stock traded down $0.37 during mid-day trading on Friday, hitting $40.31. 274,182 shares of the company's stock were exchanged, compared to its average volume of 680,244. The firm has a market capitalization of $2.61 billion, a P/E ratio of -89.58 and a beta of 1.75. Calix has a fifty-two week low of $27.60 and a fifty-two week high of $42.50. The company's 50 day simple moving average is $34.99 and its 200-day simple moving average is $35.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CALX. Millennium Management LLC grew its stake in Calix by 77.8% in the 4th quarter. Millennium Management LLC now owns 2,031,212 shares of the communications equipment provider's stock valued at $70,828,000 after buying an additional 889,102 shares during the last quarter. Vanguard Group Inc. grew its stake in Calix by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 7,977,769 shares of the communications equipment provider's stock valued at $278,185,000 after buying an additional 412,982 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Calix by 711.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 436,036 shares of the communications equipment provider's stock valued at $15,205,000 after buying an additional 382,301 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Calix by 105.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 708,723 shares of the communications equipment provider's stock worth $24,713,000 after purchasing an additional 364,209 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Calix during the 4th quarter worth approximately $11,518,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value 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. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.90% of the stock is owned by insiders.

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

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.