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Top-Rated StocksTop-Rated
NYSE:CALX

Calix (CALX) Stock Forecast, Price & News

$44.56
-0.84 (-1.85%)
(As of 09/26/2023 ET)
Compare
Today's Range
$44.54
▼
$45.60
50-Day Range
$40.14
▼
$49.24
52-Week Range
$39.61
▼
$77.44
Volume
397,437 shs
Average Volume
687,232 shs
Market Capitalization
$2.96 billion
P/E Ratio
70.73
Dividend Yield
N/A
Price Target
$79.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Calix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
77.3% Upside
$79.00 Price Target
Short Interest
Healthy
4.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.17mentions of Calix in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$4.79 M Sold Last Quarter
Proj. Earnings Growth
43.86%
From $0.57 to $0.82 Per Share

Overall MarketRank™

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

2.97 out of 5 stars

Computer And Technology Sector

41st out of 580 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 9 stocks

See Top Rated MarketRank™ Stocks Here

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, 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 Price History

CALX Stock News Headlines

September 26, 2023 | businesswire.com
Six Weeks After Deployment, Brandenburg Telecom Grows Bark Offering To Help Protect 3X More Kentucky Families From Social Media Harm
September 26, 2023 | finance.yahoo.com
Why Calix, Inc. (NYSE:CALX) Could Be Worth Watching
September 26, 2023 | Micro-Cap Stock Trader (Ad)
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 23, 2023 | businesswire.com
Calix Continues 24-Year Leadership in US Rural Broadband by Expanding Strategy To Include American Manufacturing, Ensuring Full Participation in the Broadband Equity, Access ...
September 22, 2023 | finance.yahoo.com
Calix Continues 24-Year Leadership in US Rural Broadband by Expanding Strategy To Include American Manufacturing, Ensuring Full Participation in the Broadband Equity, Access, and Deployment (BEAD) Program
September 22, 2023 | businesswire.com
Calix To Continue 24-Year Leadership in US Rural Broadband, Affirming Commitment to BEAD ‘Build America, Buy America’
September 16, 2023 | americanbankingnews.com
Calix, Inc. (NYSE:CALX) Receives Consensus Rating of "Moderate Buy" from Analysts
September 14, 2023 | finance.yahoo.com
Calix Launches SmartBiz in the UK, Equipping Altnets With Industry-First Solution to Address the Needs of 5.5 Million Small and Medium Enterprises
September 26, 2023 | Micro-Cap Stock Trader (Ad)
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 7, 2023 | businesswire.com
Responding to Urgent Community Need, Siyeh Communications Is First Tribally Owned Broadband Provider To Deploy Bark To Help Protect Children From Social Media Harm
August 24, 2023 | tmcnet.com
Calix ConneXions 2023 Announces Incredible Leadership Lineup…
August 24, 2023 | finance.yahoo.com
Calix ConneXions 2023 Announces Incredible Leadership Lineup for Broadband Executives, Featuring Stephen M.R. Covey, Daniel Pink, and Michael D. Watkins
August 21, 2023 | finance.yahoo.com
CDG's New Public Cloud OSS/BSS Integration with Calix Cloud Enables Broadband Services Providers to Delight Their Customers
August 17, 2023 | finance.yahoo.com
Calix Enables Communication of Critical Network Information When and Where BSP Teams Need It
August 9, 2023 | finance.yahoo.com
Calix Enables BSPs To Protect Small Businesses From Cyberthreats With New Security Capabilities for SmartBiz
August 3, 2023 | msn.com
Calix (CALX) Price Target Decreased by 5.92% to 78.41
July 27, 2023 | seekingalpha.com
Calix: A Connectivity Solutions Powerhouse With Unprecedented Growth
July 24, 2023 | markets.businessinsider.com
Northland Securities Remains a Buy on Calix (CALX)
July 21, 2023 | finance.yahoo.com
Q2 2023 Calix Inc Earnings Call
July 20, 2023 | tmcnet.com
Stephen M. R. Covey To Deliver ConneXions Keynote on the
July 20, 2023 | finance.yahoo.com
Stephen M. R. Covey To Deliver ConneXions Keynote on the Power of Expanding Trust as Broadband Service Providers Transform their Communities and Business Model
July 20, 2023 | markets.businessinsider.com
Jefferies Keeps Their Buy Rating on Calix (CALX)
July 19, 2023 | finance.yahoo.com
Calix Releases Second Quarter 2023 Financial Results
July 18, 2023 | msn.com
Roth MKM Reiterates Calix (CALX) Buy Recommendation
July 14, 2023 | finance.yahoo.com
ALLO Communications Secures $650 Million in Sustainable Financing To Accelerate Growth With the World’s Most Energy-Efficient Broadband Platform From Calix
July 12, 2023 | businesswire.com
Calix Market Activation Video Series Earns Cablefax FAXIE for Best ‘Content and Sponsored Marketing Campaign,’ Enabling Marketers To Launch 65 Percent Faster
July 3, 2023 | finance.yahoo.com
Calix to Post Second Quarter 2023 Results on July 19, 2023
See More Headlines
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CALX Company Calendar

Last Earnings
7/19/2023
Today
9/26/2023
Next Earnings (Estimated)
10/23/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Communication services, not elsewhere classified
Sub-Industry
Communications Equipment
Sector
Computer and Technology
Current Symbol
NYSE:CALX
CUSIP
13100M50
CIK
1406666
Web
www.calix.com
Phone
(408) 514-3000
Fax
707-283-3100
Employees
1,426
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$79.00
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+76.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.63
Trailing P/E Ratio
71.02
Forward P/E Ratio
78.49
P/E Growth
N/A
Net Income
$41.01 million
Net Margins
4.47%
Pretax Margin
6.07%
Return on Equity
6.66%
Return on Assets
5.14%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
3.69
Quick Ratio
2.74

Sales & Book Value

Annual Sales
$867.83 million
Price / Sales
3.42
Cash Flow
$0.82 per share
Price / Cash Flow
54.34
Book Value
$10.38 per share
Price / Book
4.31

Miscellaneous

Outstanding Shares
66,320,000
Free Float
55,251,000
Market Cap
$2.97 billion
Optionable
Optionable
Beta
1.53

Social Links

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Key Executives

  • Mr. Michael WeeningMr. Michael Weening (Age 54)
    CEO, Pres & Director
    Comp: $1.83M
  • Mr. Cory J. SindelarMr. Cory J. Sindelar (Age 54)
    CFO & Chief Accounting Officer
    Comp: $767.67k
  • Mr. Shane Todd-Marshall EleniakMr. Shane Todd-Marshall Eleniak (Age 55)
    Chief Product Officer
    Comp: $637.44k
  • Mr. John Matthew CollinsMr. John Matthew Collins (Age 51)
    Chief Commercial Operating Officer
    Comp: $633.62k
  • Mr. Michel Langlois (Age 61)
    Chief Technology Officer
  • Mr. Jim Fanucchi
    VP of Investor Relations
  • Mr. Douglas W. McNitt (Age 58)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Mark Dressler
    Chief Revenue Officer
  • Ms. Martha Galley
    Exec. VP of Corp. Social Responsibility
  • Ms. Parul Kapoor
    Sr. VP of Talent & Culture

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CALX Stock - Frequently Asked Questions

Should I buy or sell Calix stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 1 hold rating and 7 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 forecast for 2023?

8 analysts have issued 1-year target prices for Calix's shares. Their CALX share price forecasts range from $49.00 to $95.00. On average, they expect the company's share price to reach $79.00 in the next twelve months. This suggests a possible upside of 76.6% 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 2023?

Calix's stock was trading at $68.43 on January 1st, 2023. Since then, CALX shares have decreased by 34.6% and is now trading at $44.74.
View the best growth stocks for 2023 here.

Are investors shorting Calix?

Calix saw a increase in short interest in August. As of August 15th, there was short interest totaling 2,530,000 shares, an increase of 16.1% from the July 31st total of 2,180,000 shares. Based on an average trading volume of 625,400 shares, the short-interest ratio is presently 4.0 days. Approximately 4.3% of the company's stock are short sold.
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 23rd 2023.
View our CALX earnings forecast.

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) announced its quarterly earnings data on Wednesday, July, 19th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The communications equipment provider earned $261.02 million during the quarter, compared to analyst estimates of $256.30 million. Calix had a net margin of 4.47% and a trailing twelve-month return on equity of 6.66%.

What ETFs hold Calix's stock?

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).

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

Calix updated its third quarter 2023 earnings guidance on Thursday, July, 20th. The company provided EPS guidance of $0.32-$0.38 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $260.00 million-$265.00 million, compared to the consensus revenue estimate of $259.62 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.19%), State Street Corp (2.91%), Alliancebernstein L.P. (2.83%), Dimensional Fund Advisors LP (2.48%), Bank of New York Mellon Corp (2.03%) and Thrivent Financial for Lutherans (1.86%). 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, Kathleen M Crusco, 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 $44.74.

How much money does Calix make?

Calix (NYSE:CALX) has a market capitalization of $2.97 billion and generates $867.83 million in revenue each year. The communications equipment provider earns $41.01 million in net income (profit) each year or $0.63 on an earnings per share basis.

How many employees does Calix have?

The company employs 1,426 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
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 9/26/2023 by MarketBeat.com Staff

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