Calix (NYSE:CALX) Target Raised by Needham & Company LLC to $73.00

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Calix stock has undergone multiple analysts rating changes in the recent past.  Calix stock Target Raised by Needham & Company LLC on 10/27/2021. In a note to investors, the firm issued a new target price of $73.00. The analysts previously had $55.00 target price. Needham & Company LLC’s price target would indicate a potential upside of 25.71% from the stock’s previous close.

Shares of Calix traded up $1.83 on Tuesday, reaching $59.90. 337719 shares of the stock traded hands, compared to its average volume of 567128. On Tuesday, Shares of Calix closed at $59.90. The firm’s 50 day moving average is $50.52 and its 200 day moving average is $44.11.Calix  has a 12 month low of $21.58 and a 12 month high of $61.09. While on yearly highs and lows, Calix today has traded high as $61.09 and has touched $58.15 on the downward trend.

Calix Earnings and What to expect: 

Calix last issued its earnings data on October 24th, 2021. The communications equipment provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The business earned $172.23 million during the quarter, compared to analyst estimates of $167.68 million. Its revenue for the quarter was up 14.4% on a year-over-year basis. Calix has generated $0.75 earnings per share over the last year ($1.30 diluted earnings per share) and currently has a price-to-earnings ratio of 45.3. Earnings for Calix are expected to decrease by -21.51% in the coming year, from $0.93 to $0.73 per share. Calix has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, January 26th, 2022 based off prior year’s report dates.

Earnings for Calix are expected to decrease by -21.51% in the coming year, from $0.93 to $0.73 per share. The P/E ratio of Calix is 44.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.30. The P/E ratio of Calix is 44.67, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.81. Calix has a PEG Ratio of 2.45. PEG Ratios above 1 indicate that a company could be overvalued. Calix has a P/B Ratio of 12.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Calix (NYSE:CALX) Moving Average Technical Analysis

5 day Moving Average is $$56.22 And 5 day price change is $3.85 (6.93%)  with average volume for 5 day average is 666,983. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $55.58 and 20 day price change is $11.21 (23.26%) and average 20 day moving volume is 530,441. 50 day moving average is $50.52  and 50 day price change is $15.91 ( 36.57%)  and with average volume for 50 days is : 489,124. 200 day moving average is $44.11  and 200 day price change is $26.22 (79.00%)  and with average volume for 200 days is : 656,546.

Other owners latest trading in Calix :

  • On 10/25/2021 shares held by Cornerstone Investment Partners LLC were 9,150 which equates to market value of $0.45M and appx 0.00% owners of Calix
  • On 10/21/2021 shares held by Virginia Retirement Systems ET AL were 27,800 which equates to market value of $1.37M and appx 0.00% owners of Calix
  • On 10/20/2021 shares held by Robeco Institutional Asset Management B.V. were 11,081 which equates to market value of $0.55M and appx 0.00% owners of Calix
  • In total Institutional ownership equates to Institutional Ownership Percentage: 77.93% for Calix

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