Calix - CALX Stock Forecast, Price & News

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.