Calix Inc (NYSE: CALX) closed the day trading at $31.25 down -2.62% from the previous closing price of $32.09. In other words, the price has decreased by -$0.84 from its previous closing price. On the day, 543576 shares were traded.
Ratios:
For a better understanding of CALX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.23. For the most recent quarter (mrq), Quick Ratio is recorded 2.48 and its Current Ratio is at 3.19. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on May 19, 2023, initiated with a Neutral rating and assigned the stock a target price of $49.
On December 22, 2022, Needham reiterated its Buy rating and also lowered its target price recommendation from $82 to $88.
On April 12, 2022, Rosenblatt started tracking the stock assigning a Buy rating and target price of $60.Rosenblatt initiated its Buy rating on April 12, 2022, with a $60 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 27 ’23 when Collins John Matthew sold 60,000 shares for $33.14 per share. The transaction valued at 1,988,400 led to the insider holds 0 shares of the business.
LISTWIN DONALD J sold 100,000 shares of CALX for $4,315,000 on Aug 04 ’23. The Director now owns 497,533 shares after completing the transaction at $43.15 per share. On Jul 25 ’23, another insider, Collins John Matthew, who serves as the Chief Commercial Ops Officer of the company, sold 10,000 shares for $47.12 each. As a result, the insider received 471,200 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CALX now has a Market Capitalization of 2.04B and an Enterprise Value of 1.84B. As of this moment, Calix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.06, and their Forward P/E ratio for the next fiscal year is 18.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 2.83. Its current Enterprise Value per Revenue stands at 1.77 whereas that against EBITDA is 43.47.
Stock Price History:
Over the past 52 weeks, CALX has reached a high of $56.47, while it has fallen to a 52-week low of $31.31. The 50-Day Moving Average of the stock is 35.22, while the 200-Day Moving Average is calculated to be 41.17.
Shares Statistics:
Over the past 3-months, CALX traded about 1.04M shares per day on average, while over the past 10 days, CALX traded about 789.91k shares per day. A total of 65.05M shares are outstanding, with a floating share count of 57.44M. Insiders hold about 12.19% of the company’s shares, while institutions hold 87.32% stake in the company. Shares short for CALX as of Mar 15, 2024 were 3.02M with a Short Ratio of 2.91, compared to 2.26M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.62% and a Short% of Float of 6.08%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.18, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.24, with high estimates of $0.26 and low estimates of $0.22.
Analysts are recommending an EPS of between $1.15 and $0.98 for the fiscal current year, implying an average EPS of $1.07. EPS for the following year is $1.73, with 6 analysts recommending between $1.91 and $1.49.
Revenue Estimates
7 analysts predict $228.14M in revenue for the current quarter. It ranges from a high estimate of $229.5M to a low estimate of $226.3M. As of the current estimate, Calix Inc’s year-ago sales were $250.01M, an estimated decrease of -8.70% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for CALX’s current fiscal year. The highest revenue estimate was $959.7M, while the lowest revenue estimate was $945M, resulting in an average revenue estimate of $951.51M. In the same quarter a year ago, actual revenue was $1.04B, down -8.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.08B in the next fiscal year. The high estimate is $1.1B and the low estimate is $1.06B. The average revenue growth estimate for next year is up 13.60% from the average revenue estimate for this year.
