Northland Capmk Has Positive Outlook for Calix Q2 Earnings

Calix, Inc. (NYSE:CALX - Free Report) - Equities researchers at Northland Capmk lifted their Q2 2025 earnings per share (EPS) estimates for shares of Calix in a research report issued to clients and investors on Tuesday, April 22nd. Northland Capmk analyst T. Savageaux now expects that the communications equipment provider will earn ($0.07) per share for the quarter, up from their prior forecast of ($0.11). The consensus estimate for Calix's current full-year earnings is ($0.43) per share. Northland Capmk also issued estimates for Calix's Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.08) EPS.

A number of other research analysts also recently weighed in on the company. Roth Capital set a $50.00 target price on Calix and gave the stock a "buy" rating in a report on Tuesday, April 22nd. UBS Group reiterated a "buy" rating on shares of Calix in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on Calix from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Needham & Company LLC reiterated a "buy" rating and set a $53.00 target price on shares of Calix in a report on Tuesday, April 22nd. Finally, Rosenblatt Securities upped their target price on Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.83.

Calix Trading Up 1.6 %

Shares of CALX stock traded up $0.64 during midday trading on Friday, reaching $40.69. 865,072 shares of the stock were exchanged, compared to its average volume of 681,266. Calix has a 1 year low of $27.60 and a 1 year high of $42.50. The company's 50 day moving average is $34.97 and its two-hundred day moving average is $35.82. The firm has a market cap of $2.64 billion, a PE ratio of -90.42 and a beta of 1.75.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $220.20 million during the quarter, compared to analyst estimates of $206.98 million. Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. During the same quarter in the prior year, the company posted $0.21 EPS.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Calix by 367.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock valued at $28,000 after buying an additional 640 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after buying an additional 358 shares during the period. Quantbot Technologies LP bought a new position in shares of Calix during the 4th quarter valued at $84,000. KBC Group NV raised its holdings in Calix by 57.8% in the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider's stock worth $97,000 after purchasing an additional 1,015 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Calix during the fourth quarter valued at $208,000. 98.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following the transaction, the director now directly owns 2,164,188 shares of the company's stock, valued at $82,563,772.20. This represents a 1.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.90% of the company's stock.

Calix announced that its Board of Directors has approved a share repurchase program on Monday, April 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the communications equipment provider to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

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.