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NYSE:CALX

Calix (CALX) Stock Price, News & Analysis

$36.58
+0.17 (+0.47%)
(As of 03/4/2024 ET)
Today's Range
$36.36
$37.26
50-Day Range
$32.98
$44.55
52-Week Range
$31.64
$56.47
Volume
1.41 million shs
Average Volume
856,915 shs
Market Capitalization
$2.39 billion
P/E Ratio
81.29
Dividend Yield
N/A
Price Target
$54.60

Calix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
49.3% Upside
$54.60 Price Target
Short Interest
Healthy
3.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.08mentions of Calix in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

3.76 out of 5 stars

Computer And Technology Sector

200th out of 599 stocks

Communication Services, Not Elsewhere Classified Industry

3rd out of 9 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

StockNews.com Upgrades Calix (NYSE:CALX) to Hold
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
CALX Oct 2024 35.000 put
CALX Mar 2024 30.000 put
CALX Mar 2024 50.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
CALX Mar 2024 60.000 call
Calix Inc
CALX Mar 2024 40.000 call
CALX Mar 2024 25.000 put
Q4 2023 Calix Inc Earnings Call
Why Calix Stock Dived 26% Lower Today
Calix (CALX) Q4 Earnings Beat Estimates, Revenues Up Y/Y
Calix (CALX) Q4 Earnings Top Estimates
See More Headlines
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Company Calendar

Last Earnings
1/30/2024
Today
3/04/2024
Next Earnings (Estimated)
4/17/2024
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
$54.60
High Stock Price Target
$79.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+49.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$29.33 million
Pretax Margin
3.34%

Debt

Sales & Book Value

Annual Sales
$1.04 billion
Cash Flow
$1.61 per share
Book Value
$10.91 per share

Miscellaneous

Free Float
54,492,000
Market Cap
$2.39 billion
Optionable
Optionable
Beta
1.66

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CALX Stock Analysis - Frequently Asked Questions

Should I buy or sell Calix stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 1 hold rating 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?

5 Wall Street research analysts have issued 12 month price objectives for Calix's stock. Their CALX share price targets range from $42.00 to $79.00. On average, they predict the company's share price to reach $54.60 in the next year. This suggests a possible upside of 49.3% 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 shares have decreased by 16.3% and is now trading at $36.58.
View the best growth stocks for 2024 here
.

Are investors shorting Calix?

Calix saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 2,260,000 shares, a decline of 31.7% from the January 31st total of 3,310,000 shares. Based on an average daily trading volume, of 731,300 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.9% of the shares of the company 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, April 17th 2024.
View our CALX earnings forecast
.

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) posted its quarterly earnings results on Tuesday, January, 30th. The communications equipment provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The communications equipment provider had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. Calix had a trailing twelve-month return on equity of 7.92% and a net margin of 3.06%. Calix's revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS.

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

Calix updated its first quarter 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share (EPS) guidance of 0.170-0.230 for the period, compared to the consensus EPS estimate of 0.380. The company issued revenue guidance of $225.0 million-$231.0 million, compared to the consensus revenue estimate of $267.6 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 Vanguard Group Inc. (9.75%), Dimensional Fund Advisors LP (2.54%), TD Asset Management Inc (2.44%), Gilder Gagnon Howe & Co. LLC (2.35%), Artisan Partners Limited Partnership (1.87%) and Epoch Investment Partners Inc. (1.43%). 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 3/4/2024 by MarketBeat.com Staff