Calix Inc. [CALX] Stock trading around $26.69 per share: What’s Next?

Calix Inc. [NYSE: CALX] traded at a high on 11/05/20, posting a 9.56 gain after which it closed the day’ session at $26.69. The company report on November 5, 2020 that Calix Honors Conexon With Inaugural “Partner of the Year” Innovations Award for Dedicated Pursuit of Broadband Business Development.

Electric cooperative consulting pioneer Conexon, the first Elite Consulting Engineering Partner within the Calix Partner Community, enables electric cooperatives to create new businesses by delivering critical fiber broadband service to rural communities.

Calix, Inc. (NYSE: CALX) announced rural fiber optic network design and construction management leader Conexon as the recipient of the 2020 Innovations Award for “Partner of the Year” at ConneXions 2020. Conexon formally joined the Calix Partner Community as the founding member of the consulting engineering category in August and has since been named the first Elite Consulting Partner. The relationship between the companies dates to 2017, a few years after Conexon was founded. Calix gives its Innovations Awards annually to Calix customers and partners using Calix solutions to deliver the ultimate subscriber experience, build future-proof broadband businesses, and become industry leaders. The “Partner of the Year” award honors excellence among the expanding Calix Partner Community and recognizes partners driving innovations through successful collaborations with Calix customers. Calix and Conexon share more than 40 electric cooperative clients deploying fiber-to-the-home (FTTH) networks across the U.S. and 120 more in varying stages of planning.

The results of the trading session contributed to over 2432882 shares changing hands. Over the past one week, the price volatility of Calix Inc. stands at 5.29% while the volatility over the past one month is 5.68%.

The market cap for CALX stock reached $1.70 billion, with 60.31 million shares outstanding and 52.92 million shares in the current float. Compared to the average trading volume of 912.29K shares, CALX reached a trading volume of 2432882 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Calix Inc. [CALX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CALX shares is $30.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CALX stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Calix Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 14, 2020. While these analysts kept the previous recommendation, Jefferies dropped their target price from $7 to $13. The new note on the price target was released on April 24, 2020, representing the official price target for Calix Inc. stock. On February 15, 2017, analysts decreased their price target for CALX shares from 9 to 7.

The Average True Range (ATR) for Calix Inc. is set at 1.41, with the Price to Sales ratio for CALX stock in the period of the last 12 months amounting to 3.47. The Price to Book ratio for the last quarter was 6.51, with the Price to Cash per share for the same quarter was set at 1.63. Price to Free Cash Flow for CALX in the course of the last twelve months was 113.63 with Quick ratio for the last quarter at 2.00.

How has CALX stock performed recently?

Calix Inc. [CALX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.29. With this latest performance, CALX shares gained by 34.05% in over the last four-week period, additionally plugging by 112.33% over the last 6 months – not to mention a rise of 255.87% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CALX stock in for the last two-week period is set at 71.02, with the RSI for the last a single of trading hit 74.04, and the three-weeks RSI is set at 67.41 for Calix Inc. [CALX]. The present Moving Average for the last 50 days of trading for this stock 20.71, while it was recorded at 24.49 for the last single week of trading, and 14.53 for the last 200 days.

Calix Inc. [CALX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Calix Inc. [CALX] shares currently have an operating margin of -20.53 and a Gross Margin at +45.33. Calix Inc.’s Net Margin is presently recorded at -4.17.

Return on Total Capital for CALX is now -44.82, given the latest momentum, and Return on Invested Capital for the company is -11.05. Return on Equity for this stock declined to -11.57, with Return on Assets sitting at -5.58. When it comes to the capital structure of this company, Calix Inc. [CALX] has a Total Debt to Total Equity ratio set at 33.14. Additionally, CALX Total Debt to Total Capital is recorded at 24.89, with Total Debt to Total Assets ending up at 16.11. Long-Term Debt to Equity for the company is recorded at 9.31, with the Long-Term Debt to Total Capital now at 6.99.

Reflecting on the efficiency of the workforce at the company, Calix Inc. [CALX] managed to generate an average of -$23,190 per employee. Receivables Turnover for the company is 7.47 with a Total Asset Turnover recorded at a value of 1.34.Calix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.40.

Earnings analysis for Calix Inc. [CALX]

With the latest financial reports released by the company, Calix Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CALX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Calix Inc. go to 20.00%.

Insider trade positions for Calix Inc. [CALX]

There are presently around $1,135 million, or 70.20% of CALX stock, in the hands of institutional investors. The top three institutional holders of CALX stocks are: BLACKROCK INC. with ownership of 4,256,229, which is approximately 1.014% of the company’s market cap and around 3.00% of the total institutional ownership; VANGUARD GROUP INC, holding 2,921,799 shares of the stock with an approximate value of $77.98 million in CALX stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $76.2 million in CALX stock with ownership of nearly -4.964% of the company’s market capitalization.

Positions in Calix Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 90 institutional holders increased their position in Calix Inc. [NYSE:CALX] by around 8,809,418 shares. Additionally, 43 investors decreased positions by around 5,831,277 shares, while 14 investors held positions by with 27,882,126 shares. The mentioned changes placed institutional holdings at 42,522,821 shares, according to the latest SEC report filing. CALX stock had 42 new institutional investments in for a total of 5,569,314 shares, while 12 institutional investors sold positions of 819,034 shares during the same period.

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