Calix (NYSE:CALX) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

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

Calix Trading Down 1.7 %

Shares of CALX opened at $33.26 on Tuesday. The stock has a market capitalization of $2.22 billion, a P/E ratio of -73.91 and a beta of 1.75. The firm’s fifty day simple moving average is $35.10 and its two-hundred day simple moving average is $35.77. Calix has a 12 month low of $26.76 and a 12 month high of $42.50.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Calix from $45.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Calix in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and a consensus price target of $41.33.

Calix declared that its board has initiated a stock repurchase plan on Monday, April 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the completion of the sale, the director now directly owns 2,164,188 shares of the company’s stock, valued at approximately $82,563,772.20. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.90% of the stock is currently owned by insiders.

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.