Calix (CALX) Stock Price, News & Analysis

Company Overview

Calix, Inc., together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. The company provides Calix Cloud platform, a role-based analytics platform comprising Calix Engagement Cloud, Calix Service 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, such as CommandIQ for residents and CommandWorx for businesses; Calix Intelligent Access EDGE, an access network solution for automated and intelligent networks; and Calix Revenue EDGE, a premises solution for subscriber managed services. It also offers SmartLife managed services, including SmartHome managed services and applications to enhance, operate and secure the connected experience of subscribers in their home; SmartTown managed services that reimagine community Wi-Fi as a ubiquitous, secure, and managed experience across a BSP's footprint; and SmartBiz managed services that address the business networking and productivity needs of business owners with an all-in-one managed service. In addition, the company provides Wi-Fi systems under GigaSpire and GigaPro brands to be ready for deployment as a complete subscriber experience solution for BSP's residential and business subscribers. It offers its products through its direct sales force and resellers. The company was incorporated in 1999 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $35.39 to $36.55
• 50-Day Range: $34.39 to $39.89
• 52-Week Range: $26.76 to $45.15
• Volume: 583,201 shs
• Average Volume: 732,746 shs
• Market Capitalization: $2.33 billion
• P/E Ratio: 590.00
• Dividend Yield: N/A
• Price Target: $42.50
• Consensus Rating: Moderate Buy

Calix Stock Analysis - MarketRank™

Calix scored higher than 44% of companies evaluated by MarketBeat, and ranked 469th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Calix has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Calix has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Calix are expected to grow in the coming year, from ($0.36) to ($0.09) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Calix is 589.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 135.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Calix is 589.67, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 271.14.

Price to Book Value per Share Ratio

Calix has a P/B Ratio of 3.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.08% of the float of Calix has been sold short.

Short Interest Ratio / Days to Cover

Calix has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Calix has recently decreased by 4.02%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Calix does not currently pay a dividend.

Dividend Growth

Calix does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.08% of the float of Calix has been sold short.

Short Interest Ratio / Days to Cover

Calix has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Calix has recently decreased by 4.02%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.45

News Sentiment

Calix has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 24 news articles for Calix this week, compared to 5 articles on an average week.

Search Interest

4 people have searched for CALX on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Calix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $939,000.00 in company stock.

Percentage Held by Insiders

17.04% of the stock of Calix is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

98.14% of the stock of Calix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CALX Stock Analysis - Frequently Asked Questions

How have CALX shares performed this year?

Calix's stock was trading at $43.69 at the beginning of the year. Since then, CALX stock has decreased by 19.0% and is now trading at $35.38.
View the best growth stocks for 2024 here.

How were Calix's earnings last quarter?

Calix, Inc. (NYSE:CALX) announced its earnings results on Monday, October, 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. The business's revenue was down 23.8% compared to the same quarter last year.

Does Calix have any subsidiaries?

Calix subsidiaries include Occam Networks Inc., Optical Solutions Inc., Calix Brasil Servicos Ltda., Calix International Inc., Calix Networks UK Ltd., Calix Network Technology Development (Nanjing) Co. Ltd., and CIDC Private Limited.

Who are Calix's major shareholders?

Calix's top institutional investors include Congress Asset Management Co. (2.39%), Assenagon Asset Management S.A. (0.61%), State of Alaska Department of Revenue (0.05%) and Louisiana State Employees Retirement System (0.04%). Insiders that own company stock include Carl Russo, Donald J Listwin, Kevin A Denuccio, Cory Sindelar, Michael Matthews, Kathleen M Crusco, Kira Makagon, Shane Todd Marshall Eleniak and John Matthew Collins.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Calix own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Calix investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Netflix (NFLX), PayPal (PYPL) and Intel (INTC).

Company Calendar

• Last Earnings: 10/28/2024
• Today: 10/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Communication services, not elsewhere classified
• Sub-Industry: Communications Equipment
• Current Symbol: NYSE:CALX
• CUSIP: 13100M50
• CIK: 1406666
• Web: www.calix.com
• Phone: (408) 514-3000
• Fax: 707-283-3100
• Employees: 1,760
• Year Founded: 1999

Price Target and Rating

• Average Stock Price Target: $42.50
• High Stock Price Target: $50.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +17.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.24)
• Trailing P/E Ratio: 604.17
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $29.33 million
• Net Margins: 0.52%
• Pretax Margin: 0.09%
• Return on Equity: 4.17%
• Return on Assets: 3.34%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.28
• Quick Ratio: 3.43

Sales & Book Value

• Annual Sales: $953.02 million
• Price / Sales: 2.50
• Cash Flow: $1.57 per share
• Price / Cash Flow: 23.15
• Book Value: $10.91 per share
• Price / Book: 3.32

Miscellaneous

• Outstanding Shares: 65,801,000
• Free Float: 54,819,000
• Market Cap: $2.39 billion
• Optionable: Optionable
• Beta: 1.74