Calix (CALX) Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

ETFs with the largest weight of Calix (NYSE:CALX) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Invesco Dynamic Networking ETF (PXQ), iShares Cybersecurity and Tech ETF (IHAK), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Defiance Next Gen Connectivity ETF (FIVG), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and Burney U.S. Factor Rotation ETF (BRNY).

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.

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 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.
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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 $51.08.

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.

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.