Street Calls of the Week
Calix Inc. stock reached a new 52-week high, climbing to 61.29 USD, marking a significant milestone for the $4 billion telecommunications company. InvestingPro data shows analysts setting price targets between $60-70, with 6 analysts recently revising earnings estimates upward. This upward movement reflects a robust 76.77% increase over the past year, showcasing strong investor confidence and positive market sentiment towards the company. With a healthy current ratio of 4.55 and projected revenue growth of 15% for FY2025, Calix demonstrates solid fundamentals. The recent high is indicative of Calix’s resilience and growth potential in the telecommunications sector, as the company continues to innovate and expand its service offerings. Investors will be closely watching to see if this momentum can be sustained and if the stock will continue to reach new heights. For deeper insights into Calix’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Calix Inc. reported strong financial results for the second quarter of 2025, significantly surpassing analyst expectations. The company achieved an earnings per share of $0.33, which was well above the forecasted $0.21, representing a 57.14% surprise. Revenue for the quarter reached $241.9 million, exceeding the anticipated $223.77 million. Additionally, Needham raised its price target for Calix from $60 to $70, maintaining a Buy rating due to the impressive second-quarter results and promising third-quarter guidance. The firm noted a 30% year-over-year growth in remaining performance obligations. In leadership news, Calix appointed Amritesh Chaudhuri as the new executive vice president and chief marketing officer, succeeding J. Matthew Collins. Chaudhuri brings over 20 years of experience to the role, aiming to enhance Calix’s go-to-market strategy. These developments reflect Calix’s ongoing momentum and strategic focus.
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