Calix (CALX) to Release Quarterly Earnings on Monday

Calix (NYSE:CALX) is set to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Calix Trading Up 0.3 %

Calix stock opened at $38.02 on Friday. The firm has a market capitalization of $2.49 billion, a P/E ratio of 122.65 and a beta of 1.74. Calix has a 1 year low of $26.76 and a 1 year high of $45.15. The business has a 50-day moving average of $37.46 and a 200-day moving average of $35.08.

Insider Buying and Selling at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $37.56, for a total value of $939,000.00. Following the sale, the director now owns 3,723,381 shares in the company, valued at approximately $139,850,190.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Craig Hallum lifted their price objective on Calix from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Roth Mkm lifted their price objective on Calix from $43.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.