The price of Calix Inc (NYSE:CALX) shares last traded on Wall Street fell -0.85% to $34.94.
CALX stock price is now 10.02% away from the 50-day moving average and -6.91% away from the 200-day moving average. The market capitalization of the company currently stands at $2.29B.
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With the price target reduced from $48 to $30, Jefferies Downgraded its rating from Buy to Hold for Calix Inc (NYSE: CALX). On May 19, 2023, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $49, while ‘Needham’ rates the stock as ‘Buy’
In other news, Collins John Matthew, Chief Commercial Ops Officer sold 60,000 shares of the company’s stock on Oct 27 ’23. The stock was sold for $1,988,400 at an average price of $33.14. Upon completion of the transaction, the Chief Commercial Ops Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 04 ’23, Director LISTWIN DONALD J sold 100,000 shares of the business’s stock. A total of $4,315,000 was realized by selling the stock at an average price of $43.15. This leaves the insider owning 497,533 shares of the company worth $17.38 million. A total of 10.95% of the company’s stock is owned by insiders.
During the past 12 months, Calix Inc has had a low of $26.76 and a high of $51.74. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 3.96, and a quick ratio of 3.14. According to the stock market information, the enterprise value for the company is $2061124224, which is based on a 110.46 price-to-earnings ratio, a 5.52 price-to-earnings-growth ratio, and a beta of 1.76. The fifty day moving average price for CALX is $31.8196 and a two-hundred day moving average price translates $37.4758 for the stock.
The latest earnings results from Calix Inc (NYSE: CALX) was released for 2024-03-30. The net profit margin was 2.19% and return on equity was 3.05% for CALX. The company reported revenue of $226.31 million for the quarter, compared to $250.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.48 percent.
