Highlights:
- Calix Inc. (CALX, Financial) achieves a 10% increase in quarterly revenue to $242 million.
- The company reports a record non-GAAP gross margin of 56.8%, emphasizing its focus on AI and broadband services.
- Wall Street analysts forecast a potential 3.19% downside based on current price targets.
Calix Inc. (CALX) showcased impressive growth in the recent quarter, reporting a 10% increase in revenue, reaching $242 million. The company also set a new record with a non-GAAP gross margin of 56.8%. A part of its strategic vision, Calix is honing in on AI and broadband services, with an anticipated launch of a third-generation platform set for late 2025. Moreover, the company achieved a notable milestone with $36 million in record free cash flow.
Wall Street Analysts' Forecasts
Analyzing the one-year price targets from five analysts, Calix Inc. (CALX, Financial) has an average target price of $53.20. The estimates range between a high of $60.00 and a low of $50.00. This average price target suggests a potential downside of 3.19% from the company's current share price of $54.96. For comprehensive estimate data, visit the Calix Inc. (CALX) Forecast page.
Examining brokerage firm recommendations, the consensus for Calix Inc. (CALX, Financial) leans toward an "Outperform" status, with an average recommendation score of 2.3. The scale spans from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
GuruFocus GF Value Analysis
According to GuruFocus estimates, the GF Value for Calix Inc. (CALX, Financial) in the upcoming year is assessed at $43.93. This implies a potential downside of 20.06% from the present value of $54.955. The GF Value represents GuruFocus' fair value calculation, determined through historical multiples, previous growth, and prospective performance estimates. Further details can be accessed on the Calix Inc. (CALX) Summary page.
