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Calix Inc (NYSE: CALX) closed the day trading at $28.05 down -1.23% from the previous closing price of $28.40. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 0.58 million shares were traded. CALX stock price reached its highest trading level at $28.86 during the session, while it also had its lowest trading level at $27.85.
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 7.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.06. For the most recent quarter (mrq), Quick Ratio is recorded 3.14 and its Current Ratio is at 3.96. 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 the company, Jefferies on April 25, 2024, Downgraded its rating to Hold and sets its target price to $30 from $48 previously.
On May 19, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $49.
Needham reiterated its Buy rating for the stock on December 22, 2022, while the target price for the stock was revised from $82 to $88.
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 1860912640 and an Enterprise Value of 1609656576. As of this moment, Calix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 88.68, and their Forward P/E ratio for the next fiscal year is 22.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 1.584 whereas that against EBITDA is 51.276.
Stock Price History:
The Beta on a monthly basis for CALX is 1.72, which has changed by -0.3622101 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, CALX has reached a high of $53.90, while it has fallen to a 52-week low of $26.76. The 50-Day Moving Average of the stock is -14.56%, while the 200-Day Moving Average is calculated to be -29.03%.
Shares Statistics:
Over the past 3-months, CALX traded about 1.15M shares per day on average, while over the past 10 days, CALX traded about 1108960 shares per day. A total of 65.05M shares are outstanding, with a floating share count of 58.27M. Insiders hold about 11.07% of the company’s shares, while institutions hold 88.69% stake in the company. Shares short for CALX as of 1713139200 were 3417860 with a Short Ratio of 2.98, compared to 1710460800 on 3024523. Therefore, it implies a Short% of Shares Outstanding of 3417860 and a Short% of Float of 7.95.
Earnings Estimates
The dynamic stock of Calix Inc (CALX) is currently being evaluated by a team of 7.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.06, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.12, with high estimates of $0.15 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.65 and $0.5 for the fiscal current year, implying an average EPS of $0.56. EPS for the following year is $1.27, with 7.0 analysts recommending between $1.63 and $1.02.
Revenue Estimates
For the next quarter, 7 analysts are estimating revenue of $208.09M. There is a high estimate of $210.3M for the next quarter, whereas the lowest estimate is $206.3M.
A total of 7 analysts have provided revenue estimates for CALX’s current fiscal year. The highest revenue estimate was $857.71M, while the lowest revenue estimate was $849.5M, resulting in an average revenue estimate of $852.76M. In the same quarter a year ago, actual revenue was $1.04BBased on 7 analysts’ estimates, the company’s revenue will be $967.91M in the next fiscal year. The high estimate is $1.03B and the low estimate is $947.2M.
