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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
NYSE:CALX

Calix - CALX Stock Forecast, Price & News

$56.77
+0.59 (+1.05%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$56.15
$57.57
50-Day Range
$32.32
$59.16
52-Week Range
$31.59
$80.95
Volume
754,403 shs
Average Volume
687,834 shs
Market Capitalization
$3.70 billion
P/E Ratio
18.14
Dividend Yield
N/A
Price Target
$65.90

Calix MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.1% Upside
$65.90 Price Target
Short Interest
Healthy
4.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.77mentions of Calix in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$4.39 M Sold Last Quarter
Proj. Earnings Growth
72.41%
From $0.29 to $0.50 Per Share

Overall MarketRank

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

2.98 out of 5 stars

Computer And Technology Sector

46th out of 665 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 9 stocks

CALX stock logo

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, a carrier class premises operating system and fully integrated with its GigaSpire 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. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CALX shares. TheStreet raised Calix from a "c+" rating to a "b" rating in a research report on Wednesday, August 3rd. Cowen dropped their price target on Calix from $57.00 to $48.00 in a research report on Wednesday, April 27th. Craig Hallum upped their price target on Calix from $62.00 to $69.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. Jefferies Financial Group reissued a "buy" rating and set a $61.00 price target (down from $69.00) on shares of Calix in a research report on Wednesday, June 22nd. Finally, Northland Securities upped their price target on Calix from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.90.

Calix Trading Up 1.1 %

NYSE:CALX traded up $0.59 on Friday, reaching $56.77. The stock had a trading volume of 754,403 shares, compared to its average volume of 687,834. The business has a 50 day moving average price of $42.94 and a 200 day moving average price of $43.24. Calix has a 1 year low of $31.59 and a 1 year high of $80.95. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 9.79 and a beta of 1.83.

Calix (NYSE:CALX - Get Rating) last issued its earnings results on Monday, July 25th. The communications equipment provider reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The firm had revenue of $202.04 million for the quarter, compared to the consensus estimate of $196.02 million. Calix had a return on equity of 8.02% and a net margin of 28.95%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, analysts anticipate that Calix will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Calix

In other news, Director Michael Matthews sold 6,000 shares of the company's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $55.70, for a total transaction of $334,200.00. Following the completion of the sale, the director now owns 66,000 shares in the company, valued at approximately $3,676,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael Matthews sold 6,000 shares of the company's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $55.70, for a total transaction of $334,200.00. Following the completion of the sale, the director now owns 66,000 shares in the company, valued at approximately $3,676,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Donald J. Listwin sold 35,000 shares of the company's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $58.20, for a total value of $2,037,000.00. Following the sale, the director now owns 700,000 shares of the company's stock, valued at approximately $40,740,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,000 shares of company stock worth $4,394,050. 16.64% of the stock is owned by corporate insiders.

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CALX Stock News Headlines

Calix Announces Upcoming Investor Events
Craig Hallum Raises Calix (NYSE:CALX) Price Target to $69.00
What 4 Analyst Ratings Have To Say About Calix
Calix (NYSE:CALX) Shares Up 5.6% on Analyst Upgrade
See More Headlines
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CALX Company Calendar

Last Earnings
7/25/2022
Today
8/14/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Communications Equipment
CUSIP
13100M50
Employees
954
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$65.90
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+16.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$238.38 million
Pretax Margin
6.89%

Debt

Sales & Book Value

Annual Sales
$679.39 million
Cash Flow
$1.41 per share
Book Value
$9.46 per share

Miscellaneous

Free Float
54,385,000
Market Cap
$3.70 billion
Optionable
Optionable
Beta
1.83

Social Links















CALX Stock - Frequently Asked Questions

Should I buy or sell Calix stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CALX shares.
View CALX analyst ratings
or view top-rated stocks.

What is Calix's stock price forecast for 2022?

9 Wall Street analysts have issued 1-year target prices for Calix's stock. Their CALX share price forecasts range from $48.00 to $90.00. On average, they expect the company's share price to reach $65.90 in the next year. This suggests a possible upside of 16.1% 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 2022?

Calix's stock was trading at $79.97 at the beginning of 2022. Since then, CALX stock has decreased by 29.0% and is now trading at $56.77.
View the best growth stocks for 2022 here
.

Are investors shorting Calix?

Calix saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,780,000 shares, an increase of 31.1% from the June 30th total of 2,120,000 shares. Based on an average trading volume of 568,500 shares, the days-to-cover ratio is presently 4.9 days. Approximately 4.9% 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 Monday, October 24th 2022.
View our CALX earnings forecast
.

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) released its quarterly earnings data on Monday, July, 25th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The communications equipment provider had revenue of $202.04 million for the quarter, compared to analyst estimates of $196.02 million. Calix had a trailing twelve-month return on equity of 8.02% and a net margin of 28.95%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share.

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

Calix issued an update on its third quarter 2022 earnings guidance on Monday, August, 1st. The company provided earnings per share guidance of $0.18-$0.24 for the period, compared to the consensus EPS estimate of $0.20. The company issued revenue guidance of $211.00 million-$217.00 million, compared to the consensus revenue estimate of $199.05 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."

Who are Calix's major shareholders?

Calix's stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.75%), Kornitzer Capital Management Inc. KS (1.43%), Loomis Sayles & Co. L P (1.30%), Northern Trust Corp (1.11%), Assenagon Asset Management S.A. (0.98%) and Redwood Investments LLC (0.83%). Insiders that own company stock include Christopher J Bowick, Christopher J Bowick, Cory Sindelar, Donald J Listwin, Donald J Listwin, J Daniel Plants, John Matthew Collins, 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.

What is Calix's stock price today?

One share of CALX stock can currently be purchased for approximately $56.77.

How much money does Calix make?

Calix (NYSE:CALX) has a market capitalization of $3.70 billion and generates $679.39 million in revenue each year. The communications equipment provider earns $238.38 million in net income (profit) each year or $3.13 on an earnings per share basis.

How many employees does Calix have?

The company employs 954 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

When was Calix founded?

Calix was founded in 1998.

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 8/14/2022 by MarketBeat.com Staff

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