Calix - CALX Stock Forecast, Price & News

10 Wall Street equities research 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 equities research analysts is that investors should "buy" CALX shares.
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10 analysts have issued 12-month price objectives for Calix's shares. Their CALX share price forecasts range from $61.00 to $95.00. On average, they expect the company's stock price to reach $80.22 in the next year. This suggests a possible upside of 54.8% 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 $68.43 at the start of the year. Since then, CALX shares have decreased by 24.3% and is now trading at $51.83.
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Calix saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 1,540,000 shares, a decline of 14.9% from the January 31st total of 1,810,000 shares. Based on an average daily trading volume, of 711,800 shares, the short-interest ratio is currently 2.2 days. Approximately 2.7% of the company's stock are sold short.
View Calix's Short Interest.

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) announced its earnings results on Sunday, October, 24th. The communications equipment provider reported $0.35 earnings per share (EPS) 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS.

ETFs with the largest weight of Calix (NYSE:CALX) stock in their portfolio include SPDR S&P Telecom ETF (XTL), iShares North American Tech-Multimedia Networking ETF (IGN), iShares Cybersecurity and Tech ETF (IHAK), Invesco Dynamic Networking ETF (PXQ), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco DWA Technology Momentum ETF (PTF), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

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 EPS 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 a number of institutional and retail investors. Top institutional shareholders include Lord Abbett & CO. LLC (3.48%), Gilder Gagnon Howe & Co. LLC (3.31%), Alliancebernstein L.P. (2.91%), Driehaus Capital Management LLC (2.72%), Dimensional Fund Advisors LP (2.57%) and Geode Capital Management LLC (1.57%). 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 $51.83.

Calix (NYSE:CALX) has a market capitalization of $3.43 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 1,426 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.