Calix - CALX Stock Forecast, Price & News

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It provides Calix Cloud platform, a role-based analytics platform comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application. The company also offers EXOS, a carrier class premises operating system and fully integrated with its GigaSpire family of systems to be ready for deployment as a complete subscriber experience solutions for BSP's residential and business subscribers; and AXOS, a software platform to access edge of the network by its architecture and operations. It offers its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.

Analyst Upgrades and Downgrades

Several research firms recently commented on CALX. Craig Hallum boosted their price target on Calix from $62.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Rosenblatt Securities upped their target price on Calix from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, July 27th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $61.00 target price (down from $69.00) on shares of Calix in a research report on Wednesday, June 22nd. Needham & Company LLC upped their target price on Calix from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, July 27th. Finally, Northland Securities upped their target price on Calix from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.90.

Calix Price Performance

Shares of CALX Stock traded up $0.59 on Friday, hitting $56.77. 754,403 shares of the stock traded hands, compared to its average volume of 687,834. The company has a market capitalization of $3.70 billion, a PE ratio of 18.14, a PEG ratio of 9.69 and a beta of 1.83. Calix has a 1-year low of $31.59 and a 1-year high of $80.95. The company's fifty day moving average is $42.94 and its 200 day moving average is $43.23.

Calix (NYSE:CALX - Get Rating) last issued its quarterly earnings data on Monday, July 25th. The communications equipment provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The firm had revenue of $202.04 million during the quarter, compared to the consensus estimate of $196.02 million. Calix had a return on equity of 8.02% and a net margin of 28.95%. The firm's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. As a group, equities research analysts expect that Calix will post 0.29 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael Matthews sold 6,000 shares of the company's stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $55.70, for a total transaction of $334,200.00. Following the completion of the transaction, the director now directly owns 66,000 shares in the company, valued at approximately $3,676,200. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Michael Matthews sold 6,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $55.70, for a total value of $334,200.00. Following the completion of the transaction, the director now owns 66,000 shares of the company's stock, valued at $3,676,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Matthew Collins sold 5,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $58.31, for a total value of $291,550.00. The disclosure for this sale can be found here. Insiders sold a total of 76,000 shares of company stock worth $4,394,050 in the last three months. 16.64% of the stock is owned by insiders.