Calix (NYSE:CALX) Releases Earnings Results, Beats Estimates By $0.06 EPS

Calix (NYSE:CALX - Get Free Report) issued its quarterly earnings data on Monday. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06, RTT News reports. The firm had revenue of $220.20 million for the quarter, compared to analysts' expectations of $206.98 million. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. During the same quarter in the prior year, the business earned $0.21 EPS. Calix updated its Q2 2025 guidance to 0.180-0.240 EPS.

Calix Stock Up 2.0 %

CALX stock traded up $0.78 during midday trading on Friday, hitting $39.83. The company's stock had a trading volume of 175,173 shares, compared to its average volume of 676,488. Calix has a 12 month low of $27.20 and a 12 month high of $42.50. The company has a 50 day moving average of $34.97 and a two-hundred day moving average of $35.81. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -88.64 and a beta of 1.75.

Analysts Set New Price Targets

Several research firms have weighed in on CALX. UBS Group reiterated a "buy" rating on shares of Calix in a research report on Tuesday. Rosenblatt Securities raised their target price on Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday. Roth Capital set a $50.00 price target on Calix and gave the stock a "buy" rating in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $53.00 price objective on shares of Calix in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Calix presently has a consensus rating of "Moderate Buy" and an average price target of $45.29.

Calix declared that its board has approved a share buyback program on Monday, April 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the completion of the transaction, the director now owns 2,164,188 shares in the company, valued at $82,563,772.20. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.90% of the company's stock.

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.