Calix Stock Price, News & Analysis (NYSE:CALX)

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CALX shares.
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7 equities research analysts have issued twelve-month price targets for Calix's stock. Their CALX share price targets range from $42.00 to $88.00. On average, they predict the company's share price to reach $69.88 in the next twelve months. This suggests a possible upside of 76.5% from the stock's current price.
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Calix's stock was trading at $68.43 at the beginning of the year. Since then, CALX stock has decreased by 42.2% and is now trading at $39.58.
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Calix saw a drop in short interest in October. As of October 31st, there was short interest totaling 2,580,000 shares, a drop of 20.9% from the October 15th total of 3,260,000 shares. Based on an average daily trading volume, of 694,900 shares, the days-to-cover ratio is presently 3.7 days. Currently, 4.5% of the company's stock are short sold.
View Calix's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our CALX earnings forecast.

Calix, Inc. (NYSE:CALX) posted its earnings results on Tuesday, October, 24th. The communications equipment provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The communications equipment provider earned $263.80 million during the quarter, compared to analysts' expectations of $263.23 million. Calix had a trailing twelve-month return on equity of 7.08% and a net margin of 4.69%. The business's revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS.

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).

Calix issued an update on its fourth quarter earnings guidance on Monday, October, 23rd. The company provided earnings per share guidance of $0.33-$0.39 for the period, compared to the consensus EPS estimate of $0.35. The company issued revenue guidance of $261-$267 million, compared to the consensus revenue estimate of $265.68 million.

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.

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).

Calix's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (2.41%), Ameriprise Financial Inc. (2.17%), Bank of New York Mellon Corp (1.99%), Paradigm Capital Management Inc. NY (1.85%), Artisan Partners Limited Partnership (1.63%) and Northern Trust Corp (1.28%). 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, Kevin A Denuccio, Kira Makagon, Michael Matthews, Michael Weening and Shane Todd Marshall Eleniak.
View institutional ownership trends.

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.
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