Calix (CALX, Financial) has announced a significant expansion of its share repurchase program, as the company expects continued robust free cash flow. The Board of Directors has authorized an additional $100 million for stock buybacks, enhancing the program's total allocated funds.
As of the close of the first quarter of 2025, Calix had $62.9 million left in the repurchase program. This new authorization is set to provide the company with more flexibility in managing its capital and enhancing shareholder value.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Calix Inc (CALX, Financial) is $50.20 with a high estimate of $55.00 and a low estimate of $45.00. The average target implies an upside of 50.98% from the current price of $33.25. More detailed estimate data can be found on the Calix Inc (CALX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Calix Inc's (CALX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Calix Inc (CALX, Financial) in one year is $43.26, suggesting a upside of 30.11% from the current price of $33.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Calix Inc (CALX) Summary page.
