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Calix Inc

Calix Inc Stock Forecast & Price Prediction

Live Calix Inc Stock (CALX) Price
$37.73

6

Ratings

  • Buy 2
  • Hold 4
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$37.73

P/E Ratio

1,257.67

Volume Traded Today

$244,800

Dividend

Dividends not available for CALX

52 Week High/low

46.29/26.76

Calix Inc Market Cap

$2.48B

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CALX Summary

Based on ratings from 6 stock analysts, the Calix Inc stock price is expected to increase by 15.29% in 12 months. This is calculated by using the average 12-month stock price forecast for Calix Inc. The lowest target is $32 and the highest is $50. Please note analyst price targets are not guaranteed and could be missed completely.

CALX Analyst Ratings

About 6 Wall Street analysts have assignedCALX 2 buy ratings, 4 hold ratings, and 0 sell ratings. This means that analysts expect Calix Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CALX. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

CALX stock forecast by analyst

These are the latest 20 analyst ratings of CALX.

Analyst/Firm

Rating

Price Target

Change

Date

Mike Genovese
Rosenblatt

Buy

$45

Maintains

Oct 3, 2024
Ryan Koontz
Needham

Buy

$45

Reiterates

Sep 10, 2024
Ryan Koontz
Needham

Buy

$45

Reiterates

Aug 20, 2024
Ryan Koontz
Needham

Buy

$45

Reiterates

Jul 24, 2024
Mike Genovese
Rosenblatt

Buy

$45

Maintains

Jul 24, 2024
Christian Schwab
Craig-Hallum

Buy

$50

Maintains

Jul 24, 2024
Ryan Koontz
Needham

Buy

$45

Reiterates

Jul 23, 2024
Scott Searle
Roth MKM

Buy

$44

Maintains

Jul 23, 2024
Samik Chatterjee
JP Morgan

Neutral

$41

Maintains

Jul 22, 2024
Ryan Koontz
Needham

Buy

$45

Reiterates

May 20, 2024
George Notter
Jefferies

Hold

$30

Downgrade

Apr 25, 2024
Ryan Koontz
Needham

Buy

$45

Maintains

Apr 24, 2024
Scott Searle
Roth MKM

Buy

$43

Maintains

Apr 24, 2024
Christian Schwab
Craig-Hallum

Buy

$41

Maintains

Apr 24, 2024
Mike Genovese
Rosenblatt

Buy

$35

Maintains

Apr 23, 2024
Ryan Koontz
Needham

Buy

$50

Reiterates

Apr 23, 2024
Scott Searle
Roth MKM

Buy

$50

Maintains

Apr 22, 2024
Ryan Koontz
Needham

Buy

$50

Reiterates

Apr 17, 2024
Ryan Koontz
Needham

Buy

$50

Maintains

Jan 31, 2024
Mike Genovese
Rosenblatt

Buy

$45

Maintains

Jan 30, 2024

CALX Company Information

What They Do: Provides cloud and software platforms for broadband services.

Business Model: The company generates revenue by offering a range of cloud and software platforms, systems, and managed services that enable broadband service providers (BSPs) to enhance their service offerings. Key products include the Calix Cloud platform, Calix Intelligent Access EDGE, and various managed services aimed at residential and business customers, which help BSPs create new revenue streams.

Other Information: Founded in 1999 and headquartered in San Jose, California, the company serves a global market including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its solutions are sold through direct sales and resellers, focusing on enhancing and securing the connected experience for subscribers.
CALX
Calix Inc (CALX)

When did it IPO

2010

Staff Count

1,760

Country

United States

Sector/Industry

Technology/Software—Infrastructure

CEO

Mr. Michael Weening

Market Cap

$2.48B

Calix Inc (CALX) Financial Data

In 2023, CALX generated $1.04B in revenue, which was a increase of 19.79% from the previous year. This can be seen as a signal that CALX's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$541.2M

Revenue From 2021

$679.4M

25.53 %
From Previous Year

Revenue From 2022

$867.8M

27.74 %
From Previous Year

Revenue From 2023

$1.04B

19.79 %
From Previous Year
  • Revenue TTM $953.0M
  • Operating Margin TTM -5.7%
  • Gross profit TTM $518.3M
  • Return on assets TTM -0.6%
  • Return on equity TTM 0.3%
  • Profit Margin 0.3%
  • Book Value Per Share 11.46%
  • Market capitalisation $2.48B
  • Revenue for 2021 $679.4M
  • Revenue for 2022 $867.8M
  • Revenue for 2023 $1.04B
  • EPS this year (TTM) $0.03

Calix Inc (CALX) Latest News

News Image

Mon, 30 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Calix, Inc. (NYSE: CALX) will release its Q3 2024 stockholder letter on October 28, 2024, after market close, and will hold a conference call to discuss results.

Why It Matters - Calix's upcoming Q3 2024 results and conference call could impact stock performance, influencing investor sentiment and decisions based on financial performance and guidance.

News Image

Mon, 30 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - A study by the Center on Rural Innovation indicates that fiber-fed broadband from local providers significantly enhances income, entrepreneurship, and business investment in rural areas.

Why It Matters - The study highlights broadband's significant impact on rural economic growth, potentially increasing demand for local investments and enhancing the financial viability of related tech companies.

News Image

Tue, 24 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Calix, Inc. (NYSE: CALX) reaffirmed its broadband platform's capabilities and successfully conducted a 50G PON trial with ALLO Communications in Lincoln, Nebraska.

Why It Matters - Calix's reaffirmation of its broadband platform and successful 50G PON trial with ALLO Communications signals growth potential and innovation, enhancing competitive positioning in the tech sector.

News Image

Wed, 11 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Calix, Inc. (NYSE: CALX) announced an enhanced partnership with Orange County Fiber to improve residential offerings and market strategy, responding to competition in Indiana.

Why It Matters - Calix's partnership with OC Fiber highlights its role in enhancing competitive positioning and subscriber growth, signaling potential revenue increases and market resilience for CALX.

News Image

Thu, 29 Aug 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Calix, Inc. (NYSE: CALX) launched its first Wi-Fi 7 systems, the GigaSpire 7 XGS and 10GE, which integrate with the Calix Broadband Platform, aiming to enhance value for broadband service providers.

Why It Matters - Calix's launch of Wi-Fi 7 systems enhances its product offering, potentially driving revenue growth and market share in the broadband sector, which could positively impact stock performance.

News Image

Wed, 28 Aug 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Calix, Inc. launched the Calix Field Service App to enhance broadband service installations, offering cloud automation and insights for field technicians.

Why It Matters - Calix's new app enhances service efficiency for broadband providers, potentially increasing customer satisfaction and revenue through upselling, positively impacting CALX's market position and growth prospects.

...

CALX Frequently asked questions

The highest forecasted price for CALX is $50 from Ryan Koontz at Needham.

The lowest forecasted price for CALX is $32 from from

The CALX analyst ratings consensus are 2 buy ratings, 4 hold ratings, and 0 sell ratings.