Calix (NYSE:CALX) Announces Quarterly Earnings Results, Misses Estimates By $0.31 EPS

Calix (NYSE:CALX) announced its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.31), Zacks reports. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. Calix updated its Q1 2025 guidance to 0.100-0.160 EPS.

Calix Stock Performance

Calix stock traded down $0.46 during midday trading on Wednesday, reaching $36.80. 1,187,154 shares of the company’s stock were exchanged, compared to its average volume of 526,009. The stock’s 50-day simple moving average is $35.36 and its 200 day simple moving average is $36.24. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of -153.33 and a beta of 1.68. Calix has a 52 week low of $26.76 and a 52 week high of $41.97.

Analysts Set New Price Targets

A number of brokerages have recently commented on CALX. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Calix in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.