Street Calls of the Week
Calix Inc. stock reached a new 52-week high, trading at 59.33 USD, marking a significant milestone for the company. With a market capitalization of $3.9 billion and strong analyst support, including a consensus high target of $70, the company continues to attract investor attention. InvestingPro analysis reveals 13 key insights about Calix’s performance and potential. Over the past year, Calix has experienced a remarkable 60.76% increase in its stock price, reflecting strong investor confidence and positive market performance. The company maintains a healthy balance sheet with more cash than debt and a strong current ratio of 4.55. This new peak underscores the company’s robust growth trajectory and market position, as it continues to capitalize on industry trends and expand its offerings. The achievement of this 52-week high highlights Calix’s resilience and strategic success in navigating the competitive landscape. Based on InvestingPro Fair Value analysis, the stock appears to be trading near its fair value, with comprehensive insights available in the Pro Research Report.
In other recent news, Calix Inc. reported strong financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.33, significantly higher than the projected $0.21, and reported revenue of $241.9 million, exceeding the anticipated $223.77 million. Needham responded to these results by raising its price target for Calix to $70 from $60, while maintaining a Buy rating. The firm noted the continued strength in Calix’s remaining performance obligations, which grew 30% year-over-year. Additionally, Calix has appointed Amritesh Chaudhuri as the new executive vice president and chief marketing officer. Chaudhuri brings over 20 years of leadership experience and will lead Calix’s go-to-market organization. This appointment follows the passing of J. Matthew Collins, the former head of the company’s commercial operations, in May 2025. These developments reflect the company’s ongoing strategic efforts and market performance.
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