Calix - CALX Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CALX shares.
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10 analysts have issued 1 year price targets for Calix's stock. Their CALX share price forecasts range from $61.00 to $95.00. On average, they anticipate the company's share price to reach $81.33 in the next year. This suggests a possible upside of 51.2% from the stock's current price.
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Calix's stock was trading at $68.43 at the start of the year. Since then, CALX stock has decreased by 21.4% and is now trading at $53.78.
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Calix saw a drop in short interest in the month of December. As of December 30th, there was short interest totaling 1,150,000 shares, a drop of 13.5% from the December 15th total of 1,330,000 shares. Based on an average daily volume of 494,200 shares, the short-interest ratio is presently 2.3 days. Approximately 2.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our CALX earnings forecast.

Calix, Inc. (NYSE:CALX) posted its quarterly earnings data on Sunday, October, 24th. The communications equipment provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.07. The communications equipment provider had revenue of $172.23 million for the quarter, compared to analysts' expectations of $167.68 million. Calix had a trailing twelve-month return on equity of 6.53% and a net margin of 4.73%. The company's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS.

Calix issued an update on its first quarter earnings guidance on Wednesday, January, 25th. The company provided earnings per share guidance of $0.24-$0.30 for the period, compared to the consensus estimate of $0.27. The company issued revenue guidance of $242-$248 million, compared to the consensus revenue estimate of $240.69 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 many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (1.32%), Allspring Global Investments Holdings LLC (0.91%), Redwood Investments LLC (0.51%), New York State Common Retirement Fund (0.23%), Calamos Advisors LLC (0.14%) and New York State Teachers Retirement System (0.09%). 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.
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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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One share of CALX stock can currently be purchased for approximately $53.78.

Calix (NYSE:CALX) has a market capitalization of $3.52 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 $0.59 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.