Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Calix Inc before investing.

In this article, we go over a few key elements for understanding Calix Inc’s stock price such as:

• Calix Inc’s current stock price and volume
• Why Calix Inc’s stock price changed recently
• Upgrades and downgrades for CALX from analysts
• CALX’s stock price momentum as measured by its relative strength

About Calix Inc (CALX)

Before we jump into Calix Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Calix, Inc. is a provider of cloud, software and systems platform. The Company also manages services, which is focused on the subscriber-facing network, the portion of the network that governs available bandwidth and determines the range of services that can be offered to subscribers. This platform and managed services enable broadband service providers (BSPs) of all sizes to transform their businesses. The Company?s BSP customers are empowered to utilize real-time data and insights from the Calix platform. Its products include Calix Cloud, Calix Revenue EDGE and Calix Intelligent Access EDGE. Calix Cloud comes in three role-base editions: Calix Marketing Cloud, Calix Support Cloud and Calix Operations Cloud. Calix Revenue EDGE is its premises solution for subscriber managed services. Calix Intelligent Access EDGE is an access network solution for automated, intelligent networks.

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Calix Inc’s Stock Price as of Market Close

As of November 03, 2023, 4:00 PM, CST, Calix Inc’s stock price was $35.59.

Calix Inc is up 5.95% from its previous closing price of $33.59.

During the last market session, Calix Inc’s stock traded between $33.46 and $34.78. Currently, there are 66.29 million shares of Calix Inc stock available for purchase.

Calix Inc’s price-earnings (P/E) ratio is currently at 48.9, which is high compared to the Communications & Networking industry median of 17.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Calix Inc Stock Price History

Calix Inc’s (CALX) price is currently up 7.46% so far this month.

During the month of November, Calix Inc’s stock price has reached a high of $36.07 and a low of $32.86.

Over the last year, Calix Inc has hit prices as high as $77.44 and as low as $31.95. Year to date, Calix Inc’s stock is down 55.5%.

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What Caused Calix Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 02, 2023, there was 1 analyst who downgraded Calix Inc’s stock and 6 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Calix Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Calix Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Calix Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Calix Inc (CALX) by visiting AAII Stock Evaluator.

Relative Price Strength of Calix Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 02, 2023, Calix Inc has a weighted four-quarter relative price strength of -18.30%, which translates to a Momentum Score of 21 and is considered to be Weak.

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Calix Inc Stock Price: Bottom Line

As of November 3, 2023, Calix Inc’s stock price is $35.59, which is up 5.95% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Calix Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.