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MarketBeat Week in Review – 5/29 - 6/2
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag

Calix (CALX) Stock Forecast, Price & News

$51.08
+4.05 (+8.61%)
(As of 06/2/2023 ET)
Compare
Today's Range
$47.09
$51.23
50-Day Range
$42.62
$56.00
52-Week Range
$31.59
$77.44
Volume
1.25 million shs
Average Volume
525,462 shs
Market Capitalization
$3.38 billion
P/E Ratio
83.74
Dividend Yield
N/A
Price Target
$76.50

Calix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
49.8% Upside
$76.50 Price Target
Short Interest
Healthy
3.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.56mentions of Calix in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$220,500 Sold Last Quarter
Proj. Earnings Growth
44.83%
From $0.58 to $0.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.23 out of 5 stars

Computer And Technology Sector

3rd out of 609 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 9 stocks


CALX stock logo

About Calix (NYSE:CALX) Stock

Calix, Inc. provides cloud and software platforms, systems and services required to realize the unified access network. The firm offers broadband communications access systems and software for fiber and copper-based network architectures that enable communications service providers to transform their networks and connect to their residential and business subscribers. It enables communication service providers to provide a wide range of revenue-generating services from basic voice and data to advanced broadband services over legacy and next-generation access networks. The firm focuses on communications service providers access networks with the portion of the network, which governs available bandwidth and determines the range and quality of services that can be offered to subscribers. It also develops and sells carrier-class hardware and software products. The company was founded by Michael L. Hatfield and Carl E. Russo in August 1999 and is headquartered in San Jose, CA.

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CALX Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Calix (NYSE: CALX)
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
StockNews.com Initiates Coverage on Calix (NYSE:CALX)
Needham Reaffirms Their Buy Rating on Calix (CALX)
Brokerages Set Calix, Inc. (NYSE:CALX) PT at $79.00
Returns Are Gaining Momentum At Calix (NYSE:CALX)
Calix, Inc. (NYSE:CALX) Short Interest Update
See More Headlines

CALX Price History

CALX Company Calendar

Last Earnings
10/24/2021
Today
6/03/2023
Next Earnings (Estimated)
7/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Communications Equipment
CUSIP
13100M50
Employees
1,426
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$76.50
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+49.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
13 Analysts

Profitability

Net Income
$41.01 million
Pretax Margin
5.96%

Debt

Sales & Book Value

Annual Sales
$867.83 million
Cash Flow
$0.91 per share
Book Value
$10.84 per share

Miscellaneous

Free Float
55,151,000
Market Cap
$3.38 billion
Optionable
Optionable
Beta
1.55

Social Links


Key Executives

  • Michael WeeningMichael Weening
    President, Chief Executive Officer & Director
  • Cory Joseph Sindelar
    Chief Financial & Accounting Officer
  • Michel Langlois
    Chief Technology Officer
  • Douglas W. McNitt
    Secretary, Executive VP & General Counsel
  • Mark Dressler
    Chief Revenue Officer













CALX Stock - Frequently Asked Questions

Should I buy or sell Calix stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calix in the last twelve months. There are currently 1 hold rating and 12 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.

What is Calix's stock price forecast for 2023?

13 Wall Street analysts have issued twelve-month price objectives for Calix's shares. Their CALX share price forecasts range from $49.00 to $95.00. On average, they expect the company's stock price to reach $76.50 in the next year. This suggests a possible upside of 49.8% from the stock's current price.
View analysts price targets for CALX
or view top-rated stocks among Wall Street analysts.

How have CALX shares performed in 2023?

Calix's stock was trading at $68.43 at the beginning of 2023. Since then, CALX stock has decreased by 25.4% and is now trading at $51.08.
View the best growth stocks for 2023 here
.

Are investors shorting Calix?

Calix saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,930,000 shares, an increase of 6.6% from the April 30th total of 1,810,000 shares. Based on an average trading volume of 641,900 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.3% of the company's stock are short sold.
View Calix's Short Interest
.

When is Calix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our CALX earnings forecast
.

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) issued its quarterly earnings results on Sunday, October, 24th. The communications equipment provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.07. The communications equipment provider earned $172.23 million during the quarter, compared to the consensus estimate of $167.68 million. Calix had a trailing twelve-month return on equity of 6.47% and a net margin of 4.55%. The company's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share.

What guidance has Calix issued on next quarter's earnings?

Calix issued an update on its second quarter 2023 earnings guidance on Thursday, April, 20th. The company provided earnings per share (EPS) guidance of $0.28-$0.34 for the period, compared to the consensus earnings per share estimate of $0.29. The company issued revenue guidance of $255.00 million-$261.00 million, compared to the consensus revenue estimate of $249.26 million.

What is Carl Russo's approval rating as Calix's CEO?

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.

What other stocks do shareholders of Calix own?

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).

What is Calix's stock symbol?

Calix trades on the New York Stock Exchange (NYSE) under the ticker symbol "CALX."

Who are Calix's major shareholders?

Calix's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.91%), Gilder Gagnon Howe & Co. LLC (3.26%), State Street Corp (2.89%), Dimensional Fund Advisors LP (2.50%), Bank of New York Mellon Corp (2.13%) and Hood River Capital Management LLC (1.99%). 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
.

How do I buy shares of Calix?

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.

What is Calix's stock price today?

One share of CALX stock can currently be purchased for approximately $51.08.

How much money does Calix make?

Calix (NYSE:CALX) has a market capitalization of $3.38 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 $0.61 on an earnings per share basis.

How many employees does Calix have?

The company employs 1,426 workers across the globe.

Does Calix have any subsidiaries?
The following companies are subsidiares of Calix: CIDC Private Limited, Calix Brasil Servicos Ltda., Calix International Inc., Calix Network Technology Development (Nanjing) Co. Ltd., Calix Networks UK Ltd., Occam Networks Inc., and Optical Solutions Inc..
Read More
How can I contact Calix?

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.

This page (NYSE:CALX) was last updated on 6/4/2023 by MarketBeat.com Staff

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