Calix, Inc (NYSE:CALX – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $35.99 and traded as low as $32.54. Calix shares last traded at $33.3430, with a volume of 2,506,498 shares changing hands.
Calix News Summary
Here are the key news stories impacting Calix this week:
- Positive Sentiment: Q3 adjusted earnings were $0.44 per share, ahead of the $0.42 consensus estimate. Revenue rose 13.7% year over year. Calix Q3 earnings beat estimates
- Positive Sentiment: Q4 EPS guidance of $0.41–$0.49 per share is above the $0.40 consensus estimate, with the midpoint implying a sequential improvement. Calix Q3 revenue rises; issues Q4 guidance
- Neutral Sentiment: Q4 revenue guidance of $311 million–$317 million brackets the $314.5 million consensus estimate; FY 2026 revenue guidance of $1.2 billion matches consensus. Calix Q3 revenue rises; issues Q4 guidance
- Negative Sentiment: Q3 revenue of $301.71 million fell short of analyst expectations of $304.23 million, and EPS was unchanged from the year-ago quarter. The revenue miss may overshadow the earnings beat. Calix reports Q3 results
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Tuesday, July 21st. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. dropped their price objective on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Rosenblatt Securities dropped their price objective on Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average target price of $57.40.
View Our Latest Report on Calix
Calix Trading Down 7.7%
The firm’s fifty day moving average is $35.99 and its 200 day moving average is $42.46. The company has a market cap of $2.10 billion, a PE ratio of 49.03 and a beta of 1.21.
Calix (NYSE:CALX – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Calix had a net margin of 3.99% and a return on equity of 5.53%. The business had revenue of $301.71 million for the quarter, compared to the consensus estimate of $304.23 million. During the same period last year, the firm posted $0.44 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Calix, Inc will post 0.89 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of CALX. BlackRock Inc. acquired a new stake in Calix in the 2nd quarter worth about $439,461,000. Dimensional Fund Advisors LP increased its stake in Calix by 28.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock worth $59,699,000 after buying an additional 269,876 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Calix by 14.2% during the first quarter. Paradigm Capital Management Inc. NY now owns 768,200 shares of the communications equipment provider’s stock valued at $37,634,000 after acquiring an additional 95,800 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Calix by 63.3% during the first quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider’s stock valued at $36,748,000 after acquiring an additional 290,661 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Calix during the third quarter valued at approximately $32,090,000. Institutional investors and hedge funds own 98.14% of the company’s stock.
Calix Company Profile
Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.
The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.
Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.
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