Calix (NYSE:CALX - Get Free Report) posted its earnings results on Wednesday. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31), Zacks reports. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. Calix updated its Q1 2025 guidance to 0.100-0.160 EPS.
Calix Stock Performance
Shares of NYSE CALX traded down $0.46 during midday trading on Wednesday, reaching $36.80. The stock had a trading volume of 1,185,279 shares, compared to its average volume of 525,110. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of -153.33 and a beta of 1.68. Calix has a twelve month low of $26.76 and a twelve month high of $41.97. The company's 50 day moving average price is $35.36 and its 200 day moving average price is $36.24.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $45.00 target price on shares of Calix in a research report on Thursday, October 3rd. Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of Calix in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Calix from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.50.
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About Calix
(
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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.
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