Roth Capital Research Analysts Decrease Earnings Estimates for Calix, Inc. (NYSE:CALX)

Calix, Inc. (NYSE:CALX) – Equities researchers at Roth Capital cut their Q3 2024 earnings estimates for Calix in a report released on Tuesday, July 23rd. Roth Capital analyst S. Searle now expects that the communications equipment provider will post earnings per share of ($0.12) for the quarter, down from their previous forecast of ($0.08). The consensus estimate for Calix’s current full-year earnings is ($0.27) per share. Roth Capital also issued estimates for Calix’s Q4 2024 earnings at ($0.08) EPS, FY2024 earnings at ($0.30) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.13 EPS.

Other equities research analysts also recently issued reports about the stock. Rosenblatt Securities lifted their price objective on shares of Calix from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group downgraded Calix from a “buy” rating to a “hold” rating and dropped their price target for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. Roth Mkm raised their price objective on Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com lowered Calix from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Craig Hallum raised their price target on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Calix has an average rating of “Hold” and a consensus target price of $42.50.

Calix Stock Up 0.2 %

CALX stock opened at $34.70 on Friday. The stock has a market capitalization of $2.28 billion, a PE ratio of 111.94 and a beta of 1.76. Calix has a 52 week low of $26.76 and a 52 week high of $48.53. The firm has a 50 day moving average of $34.78 and a 200 day moving average of $34.51.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Calix had a return on equity of 4.17% and a net margin of 0.52%. The company had revenue of $198.14 million during the quarter, compared to analysts’ expectations of $200.77 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s revenue was down 24.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in shares of Calix during the 1st quarter worth approximately $48,000. TFO Wealth Partners LLC lifted its stake in shares of Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock valued at $49,000 after purchasing an additional 1,103 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Calix by 13.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,520 shares of the communications equipment provider’s stock worth $89,000 after buying an additional 303 shares in the last quarter. Quadrant Capital Group LLC grew its position in Calix by 18.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock valued at $98,000 after buying an additional 348 shares during the period. Finally, Assetmark Inc. grew its position in Calix by 41.5% during the fourth quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock valued at $98,000 after buying an additional 655 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.