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Sunday, December 3, 2023

Calix Inc (NYSE: CALX): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Calix Inc (CALX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.21, or -0.55%, to $37.98. The Calix Inc has recorded 23,285 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Calix Increases Stock Repurchase Authorization by An Additional $100 Million.

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Stocks Info

CALX belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $38.19 and fluctuated between $38.66 as its day high and $37.63 as its day low. The current market capitalization of Calix Inc is $2.52B. A total of 0.74 million shares were traded on the day, compared to an average of 738.35K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CALX has seen 3 BUY and 1 SELL insider trades, representing the acquisition of 60,000 and the disposition of 60,000 shares. Over the last 12 months, there were 14 BUYs and 7 SELLs from insiders. Insiders purchased 310,744 shares during that period but sold 191,500.

In the most recent transaction, Collins John Matthew sold 60,000 shares of CALX for 33.14 per share on Oct 27. After the transaction, the Chief Commercial Ops Officer now owns 0 company shares. In a previous transaction on Aug 04, LISTWIN DONALD J sold 100,000 shares at 43.15 per share. CALX shares that Director owns now total 497,533.

Among the insiders who sold shares, Collins John Matthew disposed of 10,000 shares on Jul 25 at a per-share price of $47.12. This resulted in the Chief Commercial Ops Officer holding 0 shares of CALX after the transaction. In another insider transaction, Collins John Matthew sold 5,000 shares at $44.10 per share on May 02. Company shares held by the Chief Commercial Ops Officer now total 0.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CALX in the last 3 months, the mean price target is $54.75 with high estimates of $75.00 and low estimates of $42.00. In terms of 52-week highs and lows, CALX has a high of $77.44 and a low of $31.95.

As of this writing, CALX has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.39 per share and a lower estimate of $0.35. The company reported an EPS of $0.36 in the last quarter, which was 16.10% higher than expectations of $0.31.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CALX’s latest balance sheet shows that the firm has $204.34M in Cash & Short Term Investments as of fiscal 2021. There were $12.38M in debt and $128.14M in liabilities at the time. Its Book Value Per Share was $11.39, while its Total Shareholder’s Equity was $568.43M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CALX is Buy with a score of 4.63.

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