CALIX, INC.

In the preceding three months, 9 analysts have released ratings for Calix (NYSE:CALX), presenting a wide array of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 0 0 0 0 Last 30D 3 0 0 0 0 1M Ago 4 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $45.44, a high estimate of $50.00, and a low estimate of $35.00. A 10.6% drop is evident in the current average compared to the previous average price target of $50.83. Breaking Down Analyst Ratings: A Detailed Examination A comprehensive examination of how financial experts perceive Calix is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Christian Schwab Craig-Hallum Lowers Buy $41.00 $48.00 Scott Searle Roth MKM Lowers Buy $43.00 $50.00 Ryan Koontz Needham Lowers Buy $45.00 $50.00 Mike Genovese Rosenblatt Lowers Buy $35.00 $45.00 Ryan Koontz Needham Maintains Buy $50.00 - Scott Searle Roth MKM Maintains Buy $50.00 - Ryan Koontz Needham Maintains Buy $50.00 - Ryan Koontz Needham Lowers Buy $50.00 $55.00 Mike Genovese Rosenblatt Lowers Buy $45.00 $57.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Calix. This information offers a snapshot of how analysts perceive the current state of the company. Rating: ...Full story available on Benzinga.com

Related tickers: CALX.

Calix Inc (NYSE:CALX) reported mixed first-quarter financial results, after the closing bell on Monday. Calix reported a first-quarter FY24 sales decline of 9.5% year-on-year to $226.31 million, missing the analyst consensus estimate of $228.139 million. Adjusted EPS of 21 cents beat the consensus estimate of 20 cents, according to data from Benzinga Pro. Gross margin for the quarter expanded 300 basis points to 54.2% ...Full story available on Benzinga.com

Related tickers: CALX.