Calix (NYSE:CALX) Announces Earnings Results

Calix (NYSE:CALX) announced its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31), Zacks reports. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. Calix updated its Q1 2025 guidance to 0.100-0.160 EPS.

Calix Price Performance

Shares of NYSE CALX traded down $0.46 during trading on Wednesday, hitting $36.80. The stock had a trading volume of 1,185,279 shares, compared to its average volume of 525,110. The company has a market capitalization of $2.44 billion, a PE ratio of -153.33 and a beta of 1.68. The firm has a fifty day moving average of $35.36 and a two-hundred day moving average of $36.24. Calix has a 12 month low of $26.76 and a 12 month high of $41.97.

Analyst Upgrades and Downgrades

A number of analysts have commented on CALX shares. Rosenblatt Securities restated a “buy” rating and set a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Calix in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Calix Company Profile

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.