Calix (NYSE:CALX) Issues Q4 Earnings Guidance

Calix (NYSE:CALX) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.04-0.10 for the period, compared to the consensus 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.

Calix Trading Up 3.7 %

Shares of CALX opened at $39.44 on Tuesday. The company’s 50-day moving average price is $37.51 and its 200 day moving average price is $35.18. Calix has a 12-month low of $26.76 and a 12-month high of $45.15. The firm has a market cap of $2.58 billion, a P/E ratio of 127.23 and a beta of 1.74.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CALX. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Roth Mkm raised their price target on Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a report on Tuesday, September 10th. Rosenblatt Securities restated a “buy” rating and set a $45.00 target price on shares of Calix in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.50.

Insider Activity at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was 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 in the company, valued at $139,850,190.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.69% of the stock is currently owned by company insiders.

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.