CALX Stock Summary and Trading Ideas (Calix | NYSE:CALX)

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.

Calix trades on the NYSE stock market under the symbol CALX.

As of April 19, 2024, CALX stock price declined to $29.28 with 750,084 million shares trading.

CALX has a beta of 1.74, meaning it tends to be more sensitive to market movements. CALX has a correlation of 0.18 to the broad based SPY ETF.

CALX has a market cap of $1.92 billion. This is considered a Small Cap stock.

Last quarter Calix reported $265 million in Revenue and $.43 earnings per share. This beat revenue expectation by $347,000 and exceeded earnings estimates by $.07.

In the last 3 years, CALX stock traded as high as $80.95 and as low as $28.95.

The top ETF exchange traded funds that CALX belongs to (by Net Assets): IJR, VTI, VB, IWM, VGT.

CALX has underperformed the market in the last year with a price return of -39.9% while the SPY ETF gained +21.2%. CALX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.4% and -6.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CALX support price is $28.84 and resistance is $30.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CALX stock will trade within this expected range on the day.