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Calix Inc (NYSE:CALX) has reached a new 52-week high, with its stock price hitting 54.08 USD. According to InvestingPro data, this represents a remarkable 52% year-to-date return, with the stock trading at 4.5x book value. This milestone reflects a significant upward trend for the company, showcasing a 48.31% increase over the past year. The impressive performance highlights investor confidence and the company’s strong market position, with analysts setting price targets between $50 and $60. InvestingPro analysis reveals 8 additional key insights about Calix’s financial health and growth prospects. As Calix continues to innovate and expand its offerings, its stock’s upward trajectory signals positive momentum in the telecommunications sector. With a strong current ratio of 4.58 and minimal debt, the company maintains a solid financial foundation. Investors will be watching closely to see if this trend continues, as Calix capitalizes on its recent successes, with earnings results expected in just three days.
In other recent news, Calix reported strong first-quarter 2025 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $0.19, exceeding the expected $0.13, and reported revenue of $220.24 million, beating the forecasted $207.3 million. Rosenblatt Securities has maintained its Buy rating on Calix, raising the price target to $56 from $52, citing the company’s growing software contribution and revenue growth potential. Additionally, Calix has projected its second-quarter revenue to be between $221 million and $227 million, with expectations of continued growth in both residential and business segments.
In a strategic move, Calix has partnered with Ozmo to enhance broadband support, aiming to improve customer service experiences for internet subscribers. This collaboration integrates Calix’s Broadband Platform with Ozmo’s support technology to reduce resolution times and increase customer satisfaction. Rosenblatt Securities highlights Calix’s focus on expanding average revenue per user, positioning it as a strong long-term investment. The firm anticipates Calix will continue to outpace its end markets, projecting 10% to 15% annual growth while expanding gross margins.
These developments indicate Calix’s strategic positioning in the broadband market and its commitment to innovation and customer satisfaction.
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