Calix (CALX)

• Market cap: $2.3B
• 1 day: -2.71%
• 5 days: -6.68%
• 1 month: -3.93%
• 3 months: 1.71%
• 6 months: -9.10%
• Year to date: 1.71%
• 1 year: 6.32%
• 5 years: 410.81%
• 10 years: 308.05%
• Sector: Communication Services
• Industry: Communications Services

About: Calix Inc develops, markets and sells its appliance-based platform, cloud and managed services that enable service providers of all types and sizes to innovate and transform their businesses. 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: 1,820

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]

36% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 33

11% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 81

4% more funds holding

Funds holding: 239 [Q3] → 249 (+10) [Q4]

0.6% less ownership

Funds ownership: 86.94% [Q3] → 86.34% (-0.6%) [Q4]

10% less capital invested

Capital invested by funds: $2.22B [Q3] → $2B (-$222M) [Q4]

84% less call options, than puts

Call options by funds: $7.28M | Put options by funds: $44.9M

Research analyst outlook

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

• Low target: $45 31% upside
• Avg. target: $49 42% upside
• High target: $53 54% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

JP Morgan Samik Chatterjee 48% 1-year accuracy 30 / 63 met price target	31% upside $45	Neutral Maintained	31 Jan 2025
Needham Ryan Koontz 37% 1-year accuracy 40 / 109 met price target	54% upside $53	Buy Maintained	31 Jan 2025