Calix Inc [CALX] stock is trading at $31.54, down -0.25%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CALX shares have gain 0.93% over the last week, with a monthly amount drifted -9.19%, and not seem to be holding up well over a long-time horizon.
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On 10, April 2024, 74 Percent of Federally Funded BSPs Trust Calix for Compliance Reporting, Surpassing 2 Billion Tests Performed in Just 3 Years. In a post published today on Yahoo Finance, Calix continues to dramatically simplify access to public funding programs ahead of critical deadlines for BEAD, announcing 74 percent of all federally funded U.S. broadband providers are successfully leveraging cloud capabilities on the Calix Broadband Platform for compliance and reporting, with customers surpassing 2 billion FCC performance tests.
From an analyst’s perspective:
Calix Inc [NYSE: CALX] stock has seen the most recent analyst activity on May 19, 2023, when JP Morgan initiated its Neutral rating and assigned the stock a price target of $49. Previously, Needham reaffirmed its Buy rating on December 22, 2022, and elevated its price target to $88. On April 12, 2022, Rosenblatt initiated with a Buy rating and assigned a price target of $60 on the stock. Northland Capital upgraded its rating to a Outperform but stick to its price target of $45 on April 07, 2022. Loop Capital initiated its recommendation with a Buy and recommended $70 as its price target on February 23, 2022. Craig Hallum upgraded its rating to Buy for this stock on January 28, 2022. In a note dated July 23, 2021, Barrington Research initiated an Outperform rating and provided a target price of $58 on this stock.
Calix Inc [CALX] stock has fluctuated between $30.77 and $54.63 over the past year. Currently, Wall Street analysts expect the stock to reach $76.17 within the next 12 months. Calix Inc [NYSE: CALX] shares were valued at $31.54 at the most recent close of the market. An investor can expect a potential return of 141.5% based on the average CALX price forecast.
Analyzing the CALX fundamentals
Calix Inc [NYSE:CALX] reported sales of 1.04B for the trailing twelve months, which represents a growth of 8.27%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.04 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.35 points at the first support level, and at 31.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.87, and for the 2nd resistance point, it is at 32.20.
Calix Inc [CALX] reported earnings per share of $0.43 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of $0.07 and a surprise factor of 19.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.45 per share as compared to estimates of $0.36 per share, a difference of $0.09 representing a surprise of 25.00%.
Ratios To Look Out For
For context, Calix Inc’s Current Ratio is 3.19. As well, the Quick Ratio is 2.48, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.98, the price to book ratio is 2.85 and price to earnings (TTM) ratio is 69.70.
Transactions by insiders
Recent insider trading involved Collins John Matthew, Chief Commercial Ops Officer, that happened on Oct 27 ’23 when 60000.0 shares were sold. Director, LISTWIN DONALD J completed a deal on Aug 04 ’23 to sell 100000.0 shares. Meanwhile, Chief Commercial Ops Officer Collins John Matthew sold 10000.0 shares on Jul 25 ’23.
