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Calix Inc (NYSE:CALX) stock reached a 52-week high of $48.91, marking a significant milestone for the telecommunications equipment company. According to InvestingPro data, the company maintains strong financial health with a current ratio of 4.58 and holds more cash than debt on its balance sheet. This peak reflects a notable upward trajectory over the past year, during which the stock has experienced a 37.19% increase. The surge in Calix’s stock price underscores investor confidence, supported by six analysts revising their earnings upwards and projections of profitability this year. The company’s robust performance in the market, as it continues to innovate and expand its offerings in the broadband solutions sector, is reflected in its healthy gross profit margin of 55%. This achievement highlights the company’s resilience and ability to capitalize on the growing demand for advanced telecommunications infrastructure. Discover more insights about CALX and access the comprehensive Pro Research Report, along with 12 additional ProTips, on InvestingPro.
In other recent news, Calix Inc. reported impressive financial results for Q1 2025, surpassing both earnings per share (EPS) and revenue expectations. The company achieved an EPS of $0.19, exceeding the forecasted $0.13, and reported revenue of $220.24 million, surpassing the expected $207.3 million. Additionally, Calix reached a record non-GAAP gross margin of 56.2% and added 16 new Broadband Service Provider customers. In a separate development, Calix announced a strategic partnership with Ozmo to enhance broadband support, aiming to improve customer service experiences for internet subscribers.
Furthermore, Rosenblatt Securities raised its price target for Calix to $56 from $52, maintaining a Buy rating. The firm highlighted Calix’s growing software contributions and projected revenue growth as key factors for this adjustment. This new target is based on 40 times consensus 2026 earnings per share. Rosenblatt’s analysis also noted Calix’s ability to consistently grow revenues by approximately 15% annually.
These developments reflect Calix’s strategic focus on innovation and customer acquisition, positioning the company favorably in the competitive broadband industry.
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