Calix (CALX) Scheduled to Post Quarterly Earnings on Monday

Calix (NYSE:CALX) will 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Calix Trading Up 0.3 %

Shares of Calix stock opened at $38.02 on Friday. The firm’s 50 day moving average is $37.46 and its 200 day moving average is $35.10. The firm has a market capitalization of $2.49 billion, a PE 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.

Analysts Set New Price Targets

A number of research firms have weighed in on CALX. Craig Hallum boosted their target price on shares of Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. increased their target price on Calix from $28.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Rosenblatt Securities restated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Thursday, October 3rd. Finally, Roth Mkm raised their price objective on shares of Calix from $43.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Activity

In related news, Director Carl Russo sold 25,000 shares of Calix 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 transaction, the director now directly owns 3,723,381 shares of the company’s stock, valued at $139,850,190.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.69% of the company’s stock.

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.