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Calix (CALX) Stock Price, News & Analysis

$42.09
+0.19 (+0.45%)
(As of 01:09 PM ET)
Compare
Today's Range
$41.29
$42.13
50-Day Range
$32.72
$45.95
52-Week Range
$31.95
$77.44
Volume
121,805 shs
Average Volume
710,540 shs
Market Capitalization
$2.77 billion
P/E Ratio
61.90
Dividend Yield
N/A
Price Target
$69.88

Calix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
66.0% Upside
$69.88 Price Target
Short Interest
Healthy
4.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.47mentions of Calix in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$1.99 M Sold Last Quarter
Proj. Earnings Growth
26.09%
From $0.69 to $0.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Computer And Technology Sector

32nd out of 584 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 8 stocks


CALX stock logo

About Calix Stock (NYSE:CALX)

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It provides Calix Cloud platform, a role-based analytics platform comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application. The company also offers EXOS, an experience innovation platform component and fully integrated with its GigaSpire and GigaPro family of systems to be ready for deployment as a complete subscriber experience solutions for BSP's residential and business subscribers; and AXOS, a software platform to access edge of the network by its architecture and operations. It offers its products through its direct sales force and resellers. The company was incorporated in 1999 and is headquartered in San Jose, California.

CALX Stock Price History

CALX Stock News Headlines

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Calix: Pullback For The Stock Is In, Time To Buy Again
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There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
Q3 2023 Calix Inc Earnings Call
Why Calix Stock Is Plummeting Today
Calix (CALX) Surpasses Q3 Earnings and Revenue Estimates
Calix Releases Third Quarter 2023 Financial Results
See More Headlines
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Company Calendar

Last Earnings
10/24/2023
Today
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Communications Equipment
CUSIP
13100M50
Employees
1,426
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$69.88
High Stock Price Target
$88.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+66.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$41.01 million
Pretax Margin
5.68%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$0.86 per share
Book Value
$10.38 per share

Miscellaneous

Free Float
54,901,000
Market Cap
$2.76 billion
Optionable
Optionable
Beta
1.55

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CALX Stock Analysis - Frequently Asked Questions

Should I buy or sell Calix stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Calix in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CALX shares.
View CALX analyst ratings
or view top-rated stocks.

What is Calix's stock price target for 2024?

7 analysts have issued 12-month price objectives for Calix's stock. Their CALX share price targets range from $42.00 to $88.00. On average, they expect the company's stock price to reach $69.88 in the next year. This suggests a possible upside of 66.0% from the stock's current price.
View analysts price targets for CALX
or view top-rated stocks among Wall Street analysts.

How have CALX shares performed in 2023?

Calix's stock was trading at $68.43 at the beginning of the year. Since then, CALX stock has decreased by 38.5% and is now trading at $42.09.
View the best growth stocks for 2023 here
.

Are investors shorting Calix?

Calix saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 2,580,000 shares, a decrease of 20.9% from the October 15th total of 3,260,000 shares. Based on an average daily trading volume, of 694,900 shares, the short-interest ratio is presently 3.7 days. Approximately 4.5% of the shares of the stock are sold short.
View Calix's Short Interest
.

When is Calix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our CALX earnings forecast
.

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) announced its quarterly earnings data on Tuesday, October, 24th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The communications equipment provider had revenue of $263.80 million for the quarter, compared to analyst estimates of $263.23 million. Calix had a net margin of 4.69% and a trailing twelve-month return on equity of 7.08%. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share.

What guidance has Calix issued on next quarter's earnings?

Calix updated its fourth quarter earnings guidance on Monday, October, 23rd. The company provided EPS guidance of $0.33-$0.39 for the period, compared to the consensus EPS estimate of $0.35. The company issued revenue guidance of $261-$267 million, compared to the consensus revenue estimate of $265.68 million.

What is Carl Russo's approval rating as Calix's CEO?

225 employees have rated Calix Chief Executive Officer Carl Russo on Glassdoor.com. Carl Russo has an approval rating of 98% among the company's employees. This puts Carl Russo in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Calix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Calix investors own include Advanced Micro Devices (AMD), Etsy (ETSY), Overstock.com (OSTK), Enphase Energy (ENPH), Micron Technology (MU), NVIDIA (NVDA), OPKO Health (OPK), Zoom Video Communications (ZM), Fastly (FSLY) and Novavax (NVAX).

Who are Calix's major shareholders?

Calix's stock is owned by a number of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (2.41%), Ameriprise Financial Inc. (2.17%), Bank of New York Mellon Corp (1.99%), Paradigm Capital Management Inc. NY (1.85%), Artisan Partners Limited Partnership (1.63%) and Northern Trust Corp (1.28%). Insiders that own company stock include Christopher J Bowick, Christopher J Bowick, Cory Sindelar, Donald J Listwin, J Daniel Plants, John Matthew Collins, Kathleen M Crusco, Kevin A Denuccio, Kevin A Denuccio, Kira Makagon, Michael Matthews, Michael Weening and Shane Todd Marshall Eleniak.
View institutional ownership trends
.

How do I buy shares of Calix?

Shares of CALX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Calix have any subsidiaries?
The following companies are subsidiares of Calix: CIDC Private Limited, Calix Brasil Servicos Ltda., Calix International Inc., Calix Network Technology Development (Nanjing) Co. Ltd., Calix Networks UK Ltd., Occam Networks Inc., and Optical Solutions Inc..
Read More
This page (NYSE:CALX) was last updated on 12/11/2023 by MarketBeat.com Staff

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