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NYSE:CALX

Calix (CALX) Stock Price, News & Analysis

$31.33
-0.05 (-0.16%)
(As of 05/20/2024 ET)
Today's Range
$31.09
$31.51
50-Day Range
$27.74
$34.74
52-Week Range
$26.76
$53.90
Volume
619,403 shs
Average Volume
936,129 shs
Market Capitalization
$2.05 billion
P/E Ratio
101.06
Dividend Yield
N/A
Price Target
$40.50

Calix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
29.3% Upside
$40.50 Price Target
Short Interest
Bearish
6.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of Calix in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.22) to $0.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.86 out of 5 stars

Computer And Technology Sector

171st out of 588 stocks

Communication Services, Not Elsewhere Classified Industry

2nd out of 9 stocks

CALX stock logo

About Calix Stock (NYSE:CALX)

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. The company provides Calix Cloud platform, a role-based analytics platform comprising Calix Engagement Cloud, Calix Service 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, such as CommandIQ for residents and CommandWorx for businesses; Calix Intelligent Access EDGE, an access network solution for automated and intelligent networks; and Calix Revenue EDGE, a premises solution for subscriber managed services. It also offers SmartLife managed services, including SmartHome managed services and applications to enhance, operate and secure the connected experience of subscribers in their home; SmartTown managed services that reimagine community Wi-Fi as a ubiquitous, secure, and managed experience across a BSP's footprint; and SmartBiz managed services that address the business networking and productivity needs of business owners with an all-in-one managed service. In addition, the company provides Wi-Fi systems under GigaSpire and GigaPro brands to be ready for deployment as a complete subscriber experience solution for BSP's residential and business subscribers. 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

Calix (NYSE:CALX) Given Buy Rating at Needham & Company LLC
Cracking The Code: Understanding Analyst Reviews For Calix
Calix Announces Upcoming Investor Events
3 Tech Stocks to Sell ASAP Before They Collapse
Calix, Inc. (CALX) Q1 2024 Earnings Call Transcript
9 Analysts Have This To Say About Calix
Q1 2024 Calix Inc Earnings Call
Calix shares tumble as it lowers revenue guidance
Calix Releases First Quarter 2024 Financial Results
See More Headlines
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Company Calendar

Last Earnings
4/22/2024
Today
5/21/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Communications Equipment
CUSIP
13100M50
Employees
1,760
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$40.50
High Stock Price Target
$50.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+31.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$29.33 million
Pretax Margin
2.34%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$1.60 per share
Book Value
$10.91 per share

Miscellaneous

Free Float
54,360,000
Market Cap
$2.05 billion
Optionable
Optionable
Beta
1.72

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CALX Stock Analysis - Frequently Asked Questions

Should I buy or sell Calix stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

6 analysts have issued twelve-month price objectives for Calix's shares. Their CALX share price targets range from $30.00 to $50.00. On average, they anticipate the company's stock price to reach $40.50 in the next year. This suggests a possible upside of 29.3% 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 2024?

Calix's stock was trading at $43.69 on January 1st, 2024. Since then, CALX stock has decreased by 28.3% and is now trading at $31.33.
View the best growth stocks for 2024 here
.

Are investors shorting Calix?

Calix saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,810,000 shares, an increase of 11.4% from the April 15th total of 3,420,000 shares. Based on an average daily volume of 965,300 shares, the days-to-cover ratio is presently 3.9 days. Currently, 6.5% of the company's shares 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, July 17th 2024.
View our CALX earnings forecast
.

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) announced its quarterly earnings data on Monday, April, 22nd. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The communications equipment provider had revenue of $226.31 million for the quarter, compared to analysts' expectations of $228.01 million. Calix had a trailing twelve-month return on equity of 6.64% and a net margin of 2.19%.

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

Calix issued an update on its second quarter 2024 earnings guidance on Monday, April, 22nd. The company provided EPS guidance of 0.030-0.090 for the period, compared to the consensus earnings per share estimate of 0.240. The company issued revenue guidance of $197.0 million-$203.0 million, compared to the consensus revenue estimate of $232.8 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.18%), Epoch Investment Partners Inc. (1.78%), Congress Asset Management Co. MA (1.60%), William Blair Investment Management LLC (1.41%), Assenagon Asset Management S.A. (0.93%) and Westfield Capital Management Co. LP (0.89%). 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, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/21/2024 by MarketBeat.com Staff

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