NYSE:CALX

Calix (CALX) Stock Forecast, Price & News

$45.66

-0.18 (-0.39%)

(As of 10/2/2023 ET)

Compare

Today's Range: $45.12
▼
$46.03
50-Day Range: $40.14
▼
$47.95
52-Week Range: $39.61
▼
$77.44

Volume: 355,885 shs
Average Volume: 680,322 shs
Market Capitalization: $3.03 billion

P/E Ratio: 72.48
Dividend Yield: N/A
Price Target: $79.00

Calix MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 73.0% Upside
$79.00 Price Target
Short Interest: Bearish
4.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.31
Based on 6 Articles This Week
Insider Trading: Selling Shares
$4.79 M Sold Last Quarter
Proj. Earnings Growth: 43.86%
From $0.57 to $0.82 Per Share

Overall MarketRank^™

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

2.76 out of 5 stars

Computer And Technology Sector

115th out of 612 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 9 stocks

3.4

Analyst's Opinion

Consensus Rating
Calix has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $79.00, Calix has a forecasted upside of 73.0% from its current price of $45.66.
Amount of Analyst Coverage
Calix has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.37% of the float of Calix has been sold short.
Short Interest Ratio / Days to Cover
Calix has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Calix has recently increased by 4.94%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Calix does not currently pay a dividend.
Dividend Growth
Calix does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CALX.

3.0

News and Social Media Coverage

News Sentiment
Calix has a news sentiment score of 1.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Calix this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for CALX on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Calix to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,786,200.00 in company stock.
Percentage Held by Insiders
16.69% of the stock of Calix is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
81.35% of the stock of Calix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Calix are expected to grow by 43.86% in the coming year, from $0.57 to $0.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calix is 72.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of Calix is 72.48, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 255.59.
Price to Book Value per Share Ratio
Calix has a P/B Ratio of 4.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Calix (NYSE:CALX) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

CALX Stock News Headlines

October 2, 2023 | finance.yahoo.com

Calix to Post Third Quarter 2023 Results on October 23, 2023

September 26, 2023 | businesswire.com

Six Weeks After Deployment, Brandenburg Telecom Grows Bark Offering To Help Protect 3X More Kentucky Families From Social Media Harm

October 2, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.

September 26, 2023 | finance.yahoo.com

Why Calix, Inc. (NYSE:CALX) Could Be Worth Watching

September 23, 2023 | businesswire.com

Calix Continues 24-Year Leadership in US Rural Broadband by Expanding Strategy To Include American Manufacturing, Ensuring Full Participation in the Broadband Equity, Access ...

September 22, 2023 | finance.yahoo.com

Calix Continues 24-Year Leadership in US Rural Broadband by Expanding Strategy To Include American Manufacturing, Ensuring Full Participation in the Broadband Equity, Access, and Deployment (BEAD) Program

September 22, 2023 | businesswire.com

Calix To Continue 24-Year Leadership in US Rural Broadband, Affirming Commitment to BEAD ‘Build America, Buy America’

September 14, 2023 | finance.yahoo.com

Calix Launches SmartBiz in the UK, Equipping Altnets With Industry-First Solution to Address the Needs of 5.5 Million Small and Medium Enterprises

October 2, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

September 7, 2023 | businesswire.com

Responding to Urgent Community Need, Siyeh Communications Is First Tribally Owned Broadband Provider To Deploy Bark To Help Protect Children From Social Media Harm

August 24, 2023 | tmcnet.com

Calix ConneXions 2023 Announces Incredible Leadership Lineup…

August 24, 2023 | finance.yahoo.com

Calix ConneXions 2023 Announces Incredible Leadership Lineup for Broadband Executives, Featuring Stephen M.R. Covey, Daniel Pink, and Michael D. Watkins

August 21, 2023 | finance.yahoo.com

CDG's New Public Cloud OSS/BSS Integration with Calix Cloud Enables Broadband Services Providers to Delight Their Customers

August 17, 2023 | finance.yahoo.com

Calix Enables Communication of Critical Network Information When and Where BSP Teams Need It

August 9, 2023 | finance.yahoo.com

Calix Enables BSPs To Protect Small Businesses From Cyberthreats With New Security Capabilities for SmartBiz

August 3, 2023 | msn.com

Calix (CALX) Price Target Decreased by 5.92% to 78.41

July 27, 2023 | seekingalpha.com

Calix: A Connectivity Solutions Powerhouse With Unprecedented Growth

July 24, 2023 | markets.businessinsider.com

Northland Securities Remains a Buy on Calix (CALX)

July 21, 2023 | finance.yahoo.com

Q2 2023 Calix Inc Earnings Call

July 20, 2023 | tmcnet.com

Stephen M. R. Covey To Deliver ConneXions Keynote on the

July 20, 2023 | finance.yahoo.com

Stephen M. R. Covey To Deliver ConneXions Keynote on the Power of Expanding Trust as Broadband Service Providers Transform their Communities and Business Model

July 20, 2023 | markets.businessinsider.com

Jefferies Keeps Their Buy Rating on Calix (CALX)

July 19, 2023 | finance.yahoo.com

Calix Releases Second Quarter 2023 Financial Results

July 18, 2023 | msn.com

Roth MKM Reiterates Calix (CALX) Buy Recommendation

July 14, 2023 | finance.yahoo.com

ALLO Communications Secures $650 Million in Sustainable Financing To Accelerate Growth With the World’s Most Energy-Efficient Broadband Platform From Calix

July 12, 2023 | businesswire.com

Calix Market Activation Video Series Earns Cablefax FAXIE for Best ‘Content and Sponsored Marketing Campaign,’ Enabling Marketers To Launch 65 Percent Faster

July 3, 2023 | finance.yahoo.com

Calix to Post Second Quarter 2023 Results on July 19, 2023

See More Headlines

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CALX Company Calendar

Last Earnings: 7/19/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/23/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Communication services, not elsewhere classified
Sub-Industry: Communications Equipment
Sector: Computer and Technology
Current Symbol: NYSE:CALX
CUSIP: 13100M50
CIK: 1406666
Web: www.calix.com
Phone: (408) 514-3000
Fax: 707-283-3100
Employees: 1,426
Year Founded: 1999

Price Target and Rating

Average Stock Price Forecast: $79.00
High Stock Price Forecast: $95.00
Low Stock Price Forecast: $49.00
Forecasted Upside/Downside: +73.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.63
Trailing P/E Ratio: 72.48
Forward P/E Ratio: 80.11
P/E Growth: N/A
Net Income: $41.01 million
Net Margins: 4.47%
Pretax Margin: 6.07%
Return on Equity: 6.66%
Return on Assets: 5.14%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.69
Quick Ratio: 2.74

Sales & Book Value

Annual Sales: $867.83 million
Price / Sales: 3.49
Cash Flow: $0.83 per share
Price / Cash Flow: 54.94
Book Value: $10.38 per share
Price / Book: 4.40

Miscellaneous

Outstanding Shares: 66,320,000
Free Float: 55,251,000
Market Cap: $3.03 billion
Optionable: Optionable
Beta: 1.52

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Key Executives

Mr. Michael Weening (Age 54)
CEO, Pres & Director
Comp: $1.83M

Mr. Cory J. Sindelar (Age 54)
CFO & Chief Accounting Officer
Comp: $767.67k

Mr. Shane Todd-Marshall Eleniak (Age 55)
Chief Product Officer
Comp: $637.44k

Mr. John Matthew Collins (Age 51)
Chief Commercial Operating Officer
Comp: $633.62k

Mr. Michel Langlois (Age 61)
Chief Technology Officer

Mr. Jim Fanucchi
VP of Investor Relations

Mr. Douglas W. McNitt (Age 58)
Exec. VP, Gen. Counsel & Corp. Sec.

Mr. Mark Dressler
Chief Revenue Officer

Ms. Martha Galley
Exec. VP of Corp. Social Responsibility

Ms. Parul Kapoor
Sr. VP of Talent & Culture

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CALX Stock - Frequently Asked Questions

Should I buy or sell Calix stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Calix in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 8 equities research analysts have issued 1 year target prices for Calix's stock. Their CALX share price forecasts range from $49.00 to $95.00. On average, they expect the company's share price to reach $79.00 in the next twelve months. This suggests a possible upside of 73.0% 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 start of the year. Since then, CALX stock has decreased by 33.3% and is now trading at $45.66.
View the best growth stocks for 2023 here.
When is Calix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our CALX earnings forecast.
How were Calix's earnings last quarter?: Calix, Inc. (NYSE:CALX) announced its earnings results on Wednesday, July, 19th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The communications equipment provider earned $261.02 million during the quarter, compared to analysts' expectations of $256.30 million. Calix had a trailing twelve-month return on equity of 6.66% and a net margin of 4.47%.
What ETFs hold Calix's stock?: 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).
What guidance has Calix issued on next quarter's earnings?: Calix updated its third quarter 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $0.32-$0.38 for the period, compared to the consensus earnings per share estimate of $0.33. The company issued revenue guidance of $260.00 million-$265.00 million, compared to the consensus revenue estimate of $259.62 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).
What is Calix's stock symbol?: Calix trades on the New York Stock Exchange (NYSE) under the ticker symbol "CALX."
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.
What is Calix's stock price today?: One share of CALX stock can currently be purchased for approximately $45.66.
How much money does Calix make?: Calix (NYSE:CALX) has a market capitalization of $3.03 billion and generates $867.83 million in revenue each year. The communications equipment provider earns $41.01 million in net income (profit) each year or $0.63 on an earnings per share basis.
How many employees does Calix have?: The company employs 1,426 workers across the globe.
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
How can I contact Calix?: Calix's mailing address is 2777 ORCHARD PARKWAY, SAN JOSE CA, 95134. The official website for the company is www.calix.com. The communications equipment provider can be reached via phone at (408) 514-3000, via email at jelgindy@kns.com, or via fax at 707-283-3100.

This page (NYSE:CALX) was last updated on 10/2/2023 by MarketBeat.com Staff

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