Calix (CALX)

• Market cap: $2.34B
• 1 day: 0.11%
• 5 days: 2.14%
• 1 month: 9.45%
• 3 months: -8.73%
• 6 months: 2.20%
• Year to date: -19.61%
• 1 year: -18.59%
• 5 years: 344.40%
• 10 years: 247.74%
• Sector: Communication Services
• Industry: Communications Services

About: Calix Inc develops, market and sell Calix cloud, systems and software platforms to enable service providers of all types and sizes to innovate and transform. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. The Company's revenue is principally derived in the United States and it also has its presence in Middle East & Africa, Europe, Asia Pacific and other markets.

Employees: 1,760

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

31% more repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 78

7% more capital invested

Capital invested by funds: $2.07B [Q2] → $2.21B (+$140M) [Q3]

2.55% less ownership

Funds ownership: 89.31% [Q2] → 86.76% (-2.55%) [Q3]

6% less funds holding

Funds holding: 254 [Q2] → 238 (-16) [Q3]

28% less call options, than puts

Call options by funds: $10.7M | Put options by funds: $14.8M

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

38% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 42

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 27% upside
• Avg. target: $45 27% upside
• High target: $45 27% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Needham Ryan Koontz 64% 1-year accuracy 58 / 90 met price target	27% upside $45	Buy Reiterated	30 Oct 2024
Rosenblatt Mike Genovese 72% 1-year accuracy 26 / 36 met price target	27% upside $45	Buy Maintained	3 Oct 2024