Calix Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Calix wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Calix saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,780,000 shares, a drop of 21.5% from the March 15th total of 3,540,000 shares. Based on an average trading volume of 954,100 shares, the days-to-cover ratio is presently 2.9 days. Approximately 5.1% of the shares of the stock are short sold.
View Calix's Short Interest.

Calix is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for Calix.

Calix, Inc. (NYSE:CALX) issued its quarterly earnings data on Tuesday, April, 27th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.20. The communications equipment provider had revenue of $162.07 million for the quarter, compared to the consensus estimate of $150.46 million. Calix had a trailing twelve-month return on equity of 13.51% and a net margin of 2.01%. The company's revenue was up 59.4% compared to the same quarter last year.
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 (WHO). Since then, CALX shares have increased by 537.5% and is now trading at $48.00.
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Calix updated its second quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided EPS guidance of 0.240-0.280 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.170. The company issued revenue guidance of $157 million-$163 million, compared to the consensus revenue estimate of $138.93 million.

6 Wall Street analysts have issued 12 month target prices for Calix's stock. Their forecasts range from $13.00 to $52.00. On average, they expect Calix's share price to reach $35.33 in the next twelve months. This suggests that the stock has a possible downside of 26.4%.
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), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Viasat (VSAT), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Plantronics (PLT), Extreme Networks (EXTR), NETGEAR (NTGR) 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.07%), Alliancebernstein L.P. (3.73%), Paradigm Capital Management Inc. NY (1.84%), Kornitzer Capital Management Inc. KS (0.77%), Analog Century Management LP (0.37%) and Hillsdale Investment Management Inc. (0.26%). Company insiders that own Calix stock include Christopher J Bowick, Cory Sindelar, Donald J Listwin, J Daniel Plants, Kevin A Denuccio and Michael Matthews.
View institutional ownership trends for Calix.

CALX stock was sold by a variety of institutional investors in the last quarter, including MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income, Kornitzer Capital Management Inc. KS, Lapides Asset Management LLC, Hillsdale Investment Management Inc., Genesee Capital Advisors LLC, Paradigm Capital Management Inc. NY, Chartwell Investment Partners LLC, and Robeco Institutional Asset Management B.V.. Company insiders that have sold Calix company stock in the last year include Christopher J Bowick, Kevin A Denuccio, and Michael Matthews.
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 Alliancebernstein L.P., Analog Century Management LP, BlackRock Inc., State of New Jersey Common Pension Fund D, Creative Planning, Natixis Advisors L.P., D.A. Davidson & CO., and LVW Advisors LLC. Company insiders that have bought Calix stock in the last two years include Cory Sindelar, Donald J Listwin, J Daniel Plants, and Kevin A Denuccio.
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 $48.00.

Calix has a market capitalization of $3.02 billion and generates $424.33 million in revenue each year. The communications equipment provider earns $-17,690,000.00 in net income (profit) each year or ($0.14) 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]