Calix (CALX) Stock Price, News & Analysis

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.

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.
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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.
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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.

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

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.

ETFs with the largest weight of Calix (NYSE:CALX) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), iShares Cybersecurity and Tech ETF (IHAK), Invesco Next Gen Connectivity ETF (PXQ) and Defiance Next Gen Connectivity ETF (FIVG).Burney U.S. Factor Rotation ETF (BRNY).

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.

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.

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).

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.

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.
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