Calix Inc (CALX) Stock Rises 2.63% as Analysts Weigh Outlook

For investors seeking to outperform the broader market, mastering the art of stock picking remains essential. Strategic investments can significantly boost long-term wealth, and Calix Inc (NYSE: CALX) is a stock currently drawing attention.

As of the close of business last night, Calix Inc’s stock finished at $67.18, marking a 2.63% increase from the previous closing price of $65.46—an upward move of $2.63. During the trading session, the stock recorded a high of $68.19 and a low of $65.50, with 0.86 million shares traded.

Financial Ratios

To better understand CALX’s position, several key ratios are worth noting. The company’s Price-to-Cash (P/C) ratio for the trailing twelve months (TTM) stands at 13.11, while its Price-to-Free Cash Flow (P/FCF) ratio is 52.11.

For the most recent quarter, Calix reported a Quick Ratio of 4.14 and a Current Ratio of 5.02, indicating strong liquidity. Its Debt-to-Equity and Long-Term Debt-to-Equity ratios both remain extremely low at 0.01, reflecting a conservative capital structure.

Analyst Ratings

Recent analyst activity provides additional perspective.

• On April 25, 2024, Jefferies downgraded CALX from Buy to Hold and reduced its price target from $48 to $30.
• On May 19, 2023, JP Morgan initiated coverage with a Neutral rating and a $49 target price.

Insider Transactions

Insider trading activity can signal management’s confidence—or concern—about future performance.

• On November 4, 2025, Carl Russo purchased 395,000 shares at $64.00 each.
• The same day, Shane Eleniak acquired 50,000 shares for approximately $3.27 million.
• Conversely, on October 30, 2025, President & CEO Michael Weening sold 200,000 shares at $65.36, totaling $13.07 million, and now retains 16,117 shares.

Valuation Metrics

At its recent close, Calix’s Market Capitalization stood at $4.45 billion, with an Enterprise Value of $4.12 billion. The stock’s Price-to-Sales (P/S) ratio is 4.77, while the Price-to-Book (P/B) ratio is 5.41. Additionally, the Enterprise Value-to-Revenue is 4.42, and Enterprise Value-to-EBITDA is 374.24.

Stock Performance

CALX has shown moderate volatility, with a Beta of 1.58 over the past 12 months. The stock has climbed 92% over the last year, compared to a 13% gain in the S&P 500.

In that time, Calix reached a 52-week high of $71.22 and a low of $28.60. The 50-day moving average stands at 9.39%, while the 200-day moving average is 38.24%.

Share Statistics

Calix has 66.25 million shares outstanding, with a float of 60.03 million. Insiders hold approximately 9.43%, and institutions own 83.75% of shares.

Average daily trading volume over the past three months is 585.5K shares, increasing to 863.5K over the past ten days. The current Short Ratio is 3.55, representing 5.0% of the float.

Earnings Outlook

Six analysts currently track Calix Inc.

• For the next quarter, the consensus EPS estimate is $0.38, ranging between $0.37 and $0.39.
• For the current fiscal year, EPS estimates range from $1.34 to $1.36, with an average of $1.34.
• For fiscal year 2026, analysts expect EPS of $1.75, with projections between $1.66 and $2.05.

Revenue Forecast

Analysts expect Calix to report $266.92 million in revenue for the current quarter, ranging from $252 million to $270.2 million.

For the next quarter, revenue estimates average $268.44 million, and for the full fiscal year, projections range between $961 million and $997.8 million, averaging $992.28 million—up from $831.52 million the prior year.

Looking ahead to next fiscal year, revenue is expected to reach $1.11 billion, with a high estimate of $1.15 billion and a low of $1.06 billion.

Conclusion

With solid liquidity, minimal debt, and insider confidence through recent purchases, Calix Inc (CALX) remains an intriguing option for investors seeking exposure to the technology infrastructure sector. However, the recent analyst downgrades suggest a need for caution as the market assesses the company’s growth trajectory and valuation levels.