Calix - CALX Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last year. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CALX shares.
View CALX analyst ratings or view top-rated stocks.

10 Wall Street analysts have issued 12 month price targets for Calix's shares. Their CALX share price forecasts range from $61.00 to $95.00. On average, they predict the company's stock price to reach $80.00 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for CALX or view top-rated stocks among Wall Street analysts.

Calix's stock was trading at $79.97 at the start of the year. Since then, CALX stock has decreased by 9.6% and is now trading at $72.33.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our CALX earnings forecast.

Calix, Inc. (NYSE:CALX) released its quarterly earnings results on Monday, October, 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. The communications equipment provider had revenue of $236.33 million for the quarter, compared to the consensus estimate of $215.25 million. Calix had a net margin of 6.12% and a trailing twelve-month return on equity of 6.91%. Calix's revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS.

Calix updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided EPS guidance of $0.22-$0.28 for the period, compared to the consensus estimate of $0.23. The company issued revenue guidance of $237.00 million-$243.00 million, compared to the consensus revenue estimate of $218.01 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 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. (11.59%), Vanguard Group Inc. (8.82%), Alliancebernstein L.P. (3.08%), State Street Corp (2.75%), Bank of New York Mellon Corp (2.64%) and Lord Abbett & CO. LLC (2.62%). 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.

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.

One share of CALX stock can currently be purchased for approximately $72.33.

Calix (NYSE:CALX) has a market capitalization of $4.73 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 $0.71 on an earnings per share basis.

The company employs 954 workers across the globe.

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.