Calix (NYSE:CALX) Releases Earnings Results, Misses Expectations By $0.31 EPS

Calix (NYSE:CALX) posted its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.31), Zacks reports. Calix had a negative return on equity of 3.46% and a negative net margin of 3.58%. Calix updated its Q1 2025 guidance to 0.100-0.160 EPS.

Calix Trading Up 1.1 %

CALX stock traded up $0.43 during trading on Friday, hitting $40.61. 90,231 shares of the company’s stock were exchanged, compared to its average volume of 564,270. The business has a 50-day moving average price of $35.65 and a two-hundred day moving average price of $36.27. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -90.39 and a beta of 1.68. Calix has a 52-week low of $26.76 and a 52-week high of $41.97.

Analyst Ratings Changes

Several research firms recently issued reports on CALX. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday. Rosenblatt Securities restated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Finally, StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Three equities 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.com, Calix has an average rating of “Moderate Buy” and an average price target of $42.50.

About Calix

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.