Calix (NYSE:CALX) Releases Q4 Earnings Guidance

Calix (NYSE:CALX) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.04-0.10 for the period, compared to the consensus earnings per share estimate of $0.09. The company issued revenue guidance of $201-207 million, compared to the consensus revenue estimate of $203.82 million. Calix also updated its Q4 2024 guidance to 0.040-0.100 EPS.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Thursday, October 3rd. Roth Mkm lifted their price target on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Tuesday. Craig Hallum boosted their target price on shares of Calix from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Calix Stock Performance

Shares of CALX traded down $0.42 during mid-day trading on Thursday, reaching $35.83. The stock had a trading volume of 224,529 shares, compared to its average volume of 731,128. Calix has a 12 month low of $26.76 and a 12 month high of $45.15. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -149.25 and a beta of 1.74. The business has a fifty day moving average of $37.49 and a 200 day moving average of $35.24.

Calix (NYSE:CALX) last released its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Calix had a net margin of 0.52% and a return on equity of 4.17%. The firm had revenue of $200.95 million during the quarter, compared to analyst estimates of $201.06 million. During the same quarter last year, the business earned $0.25 EPS. The business’s revenue was down 23.8% on a year-over-year basis. On average, research analysts forecast that Calix will post -0.36 EPS for the current fiscal year.

Insider Activity

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $37.56, for a total transaction of $939,000.00. Following the sale, the director now owns 3,723,381 shares of the company’s stock, valued at $139,850,190.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 17.04% of the company’s stock.

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.