Calix Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Calix in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Calix stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CALX, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Calix a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Calix wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Calix is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Calix.

Calix, Inc. (NYSE:CALX) released its quarterly earnings results on Monday, July, 26th. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.10. The communications equipment provider earned $168.67 million during the quarter, compared to analyst estimates of $160 million. Calix had a net margin of 13.16% and a trailing twelve-month return on equity of 30.06%.
View Calix's earnings history.

Calix's stock was trading at $7.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CALX stock has increased by 533.7% and is now trading at $47.72.
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Calix issued an update on its third quarter 2021 earnings guidance on Monday, August, 2nd. The company provided EPS guidance of $0.260-$0.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.240. The company issued revenue guidance of $164 million-$170 million, compared to the consensus revenue estimate of $156.38 million.

7 analysts have issued 12-month target prices for Calix's shares. Their forecasts range from $13.00 to $58.00. On average, they expect Calix's share price to reach $43.71 in the next twelve months. This suggests that the stock has a possible downside of 8.4%.
View analysts' price targets for Calix or view top-rated stocks among Wall Street analysts.

225 employees have rated Calix CEO Carl Russo on Glassdoor.com. Carl Russo has an approval rating of 98% among Calix's employees. This puts Carl Russo in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Calix include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Viasat (VSAT), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Extreme Networks (EXTR), NETGEAR (NTGR), ADTRAN (ADTN) and Ribbon Communications (RBBN).
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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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CALX."

Calix's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.50%), Vanguard Group Inc. (5.17%), Lord Abbett & CO. LLC (4.31%), Alliancebernstein L.P. (4.20%), Thrivent Financial for Lutherans (3.97%) and Renaissance Technologies LLC (3.26%). Company insiders that own Calix stock include Christopher J Bowick, Christopher J Bowick, Donald J Listwin, J Daniel Plants, Kevin A Denuccio, Michael Matthews and Michael Weening.
View institutional ownership trends for Calix.

CALX stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Lord Abbett & CO. LLC, Weiss Multi Strategy Advisers LLC, FMR LLC, Cubist Systematic Strategies LLC, PEAK6 Investments LLC, and Hood River Capital Management LLC. Company insiders that have sold Calix company stock in the last year include Christopher J Bowick, J Daniel Plants, Kevin A Denuccio, Michael Matthews, and Michael Weening.
View insider buying and selling activity for Calix or view top insider-selling stocks.

CALX stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Thrivent Financial for Lutherans, Alliancebernstein L.P., Morgan Stanley, Morgan Stanley, Deutsche Bank AG, SG Capital Management LLC, and Sei Investments Co.. Company insiders that have bought Calix stock in the last two years include Donald J Listwin, and Michael Weening.
View insider buying and selling activity for Calix or or view top insider-buying stocks.

Shares of CALX 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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One share of CALX stock can currently be purchased for approximately $47.72.

Calix has a market capitalization of $3.03 billion and generates $541.24 million in revenue each year. The communications equipment provider earns $33.48 million in net income (profit) each year or $0.75 on an earnings per share basis.

Calix employs 785 workers across the globe.

The following companies are subsidiares of Calix: Calix Brasil Servicos Ltda, Calix Network Technology Development (Nanjing) Co. Ltd., Calix Networks Canada Inc., Calix Networks UK Ltd, Occam Networks Inc., and Optical Solutions Inc..

Calix was founded in 1998.

The official website for Calix is www.calix.com.

Calix is headquartered at 2777 ORCHARD PARKWAY, SAN JOSE CA, 95134.

Calix's mailing address is 2777 ORCHARD PARKWAY, SAN JOSE CA, 95134. The communications equipment provider can be reached via phone at (408) 514-3000 or via email at [email protected]