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

Calix (NYSE:CALX) issued its quarterly earnings data on Monday. The communications equipment provider reported $0.19 earnings per share (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 analysts’ expectations of $206.98 million. During the same period in the previous year, the firm posted $0.21 earnings per share. Calix updated its Q2 2025 guidance to 0.180-0.240 EPS.

Calix Price Performance

Calix stock opened at $37.57 on Wednesday. Calix has a 12 month low of $26.76 and a 12 month high of $42.50. The stock’s 50-day moving average is $35.04 and its 200-day moving average is $35.79. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -83.48 and a beta of 1.75.

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.15, for a total transaction of $953,750.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.90% of the stock is owned by insiders.

Calix announced that its Board of Directors has approved a stock buyback program on Monday, April 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the communications equipment provider to repurchase up to 4.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CALX shares. Roth Capital set a $50.00 target price on shares of Calix and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $53.00 price target on shares of Calix in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on Calix from $45.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Calix has an average rating of “Moderate Buy” and an average target price of $43.71.

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.