Calix Inc. (CALX, Financial) has delivered impressive first-quarter results, surpassing market expectations and setting an optimistic outlook for the second quarter. According to analyst observations, the company's successful execution of its software-centric business model is highlighted by significant growth in its remaining performance obligations. This financial performance and strategic direction have bolstered Calix's position in the market.
The company is poised to capture a larger share of the U.S. market, driven by increased spending from broadband experience providers. This expansion is anticipated irrespective of any adjustments or delays in the Broadband Equity, Access, and Deployment program subsidies. These factors contribute to an increasingly favorable competitive landscape for Calix.
Analysts project that the consensus estimates for Calix's fiscal years 2025 and 2026 will rise significantly. Needham has maintained a Buy rating for Calix shares, setting a price target of $53. This positive outlook reflects the company's growth potential and strong market positioning moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Calix Inc (CALX, Financial) is $49.40 with a high estimate of $53.00 and a low estimate of $45.00. The average target implies an upside of 48.57% from the current price of $33.25. More detailed estimate data can be found on the Calix Inc (CALX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Calix Inc's (CALX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Calix Inc (CALX, Financial) in one year is $43.26, suggesting a upside of 30.11% from the current price of $33.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Calix Inc (CALX) Summary page.
