Down 11.3% in 4 Weeks, Here's Why Calix (CALX) Looks Ripe for a Turnaround

Core Viewpoint - Calix (CALX) has experienced significant selling pressure, resulting in an 11.3% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if CALX is oversold, with a current reading of 28.02 indicating potential for a price reversal [2][5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify when a stock may be undervalued due to excessive selling [3] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for CALX significantly, with a 231.4% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [7] - CALX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, indicating strong potential for a turnaround [8]