Calix, Inc (NYSE:CALX – Free Report) – Investment analysts at Northland Securities issued their Q1 2027 earnings estimates for Calix in a research report issued to clients and investors on Wednesday, November 4th. Northland Securities analyst T. Savageaux forecasts that the communications equipment provider will earn $0.33 per share for the quarter. Northland Securities has an “Outperform” rating and a $52.00 price target on the stock. The consensus estimate for Calix’s current full-year earnings is $0.89 per share. Northland Securities also issued estimates for Calix’s Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.47 EPS and Q4 2027 earnings at $0.48 EPS.
Calix (NYSE:CALX – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share 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 5.67%. The firm had revenue of $301.71 million during the quarter, compared to the consensus estimate of $304.23 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year.
CALX has been the subject of several other reports. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Wall Street Zen raised Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Roth Capital reiterated a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Weiss Ratings cut Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Calix from $58.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $55.80.
Get Our Latest Stock Report on Calix
Calix Price Performance
CALX stock opened at $31.91 on Friday. The stock has a market capitalization of $2.01 billion, a PE ratio of 46.93 and a beta of 1.21. The company’s 50-day moving average is $35.74 and its 200-day moving average is $42.20. Calix has a 1 year low of $31.84 and a 1 year high of $67.81.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Calix during the second quarter valued at about $439,461,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Calix in the 2nd quarter worth about $37,213,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Calix in the 3rd quarter worth about $32,090,000. Bank of America Corp DE acquired a new stake in shares of Calix in the 2nd quarter worth about $20,900,000. Finally, Alyeska Investment Group L.P. bought a new position in Calix in the 2nd quarter valued at about $14,931,000. 98.14% of the stock is owned by institutional investors.
Key Stories Impacting Calix
Here are the key news stories impacting Calix this week:
- Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and $55 price target, indicating substantial upside in the firm’s view. Calix Stock Keeps Buy Rating at Rosenblatt Securities
- Positive Sentiment: Coverage highlights record revenue and Calix’s AI push as potential growth catalysts. The company’s latest reported quarterly revenue grew 13.7% year over year. Record Revenue and AI Push Could Be a Game Changer for Calix
- Neutral Sentiment: JPMorgan cut its price target from $58 to $50 but maintained an Overweight rating, reflecting a more cautious outlook while retaining a positive recommendation. JPMorgan analyst recommendations
- Negative Sentiment: Q3 results showed earnings per share of $0.44, ahead of the $0.42 consensus, but revenue of $301.71 million missed estimates. Recent coverage emphasizes profit and margin pressure, weighing on the reaction to the results. Calix Stock Drops After Q3 Results Expose Profit Pressure
- Negative Sentiment: A report flags potential FCC regulatory risks that could affect router approvals and firmware updates after 2029, adding uncertainty to Calix’s outlook. Calix Faces Rising FCC Regulatory Risks
- Negative Sentiment: Other recent analysis argues CALX may still be overvalued despite its steep decline, which could limit investor enthusiasm. Calix Stock Still Looks Overvalued After a 51% Fall
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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