Calix (NYSE:CALX) Issues Earnings Results

Calix (NYSE:CALX) posted its earnings results on Wednesday. The communications equipment provider reported ($0.24) earnings per share 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 Stock Performance

NYSE CALX opened at $41.08 on Thursday. Calix has a fifty-two week low of $26.76 and a fifty-two week high of $41.97. The stock has a market cap of $2.72 billion, a P/E ratio of -171.10 and a beta of 1.68. The stock has a 50 day simple moving average of $35.48 and a two-hundred day simple moving average of $36.24.

Analysts Set New Price Targets

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

About Calix

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.