Calix (NYSE:CALX) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Calix (NYSE:CALX) from a neutral rating to an overweight rating in a research note issued to investors on Thursday, Marketbeat reports. JPMorgan Chase & Co. currently has $90.00 price target on the communications equipment provider’s stock, up from their previous price target of $75.00.

A number of other research analysts have also commented on CALX. Craig Hallum reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Calix in a report on Friday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $82.00 price target on shares of Calix in a research note on Monday, November 24th. Rosenblatt Securities raised their price target on shares of Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. Finally, Roth Capital set a $85.00 target price on shares of Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average price target of $82.00.

Calix Stock Down 1.5%

Calix stock opened at $58.13 on Thursday. The stock has a market cap of $3.85 billion, a P/E ratio of -484.41 and a beta of 1.55. Calix has a twelve month low of $28.60 and a twelve month high of $71.22. The company’s 50-day moving average price is $55.29 and its two-hundred day moving average price is $57.60.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The company had revenue of $265.44 million during the quarter, compared to analysts’ expectations of $246.21 million. Calix had a negative return on equity of 0.69% and a negative net margin of 0.78%.The business’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Equities analysts anticipate that Calix will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Calix

In other news, CFO Cory Sindelar sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total value of $3,265,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,999,041.50. The trade was a 39.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the sale, the director directly owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 530,000 shares of company stock valued at $34,099,800 in the last ninety days. 16.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently modified their holdings of the business. SouthState Corp lifted its position in shares of Calix by 10,000.0% during the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Calix by 139.3% in the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 255 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Calix in the 2nd quarter valued at approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Calix during the 2nd quarter valued at approximately $36,000. Finally, Whittier Trust Co. grew its holdings in shares of Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 541 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

About Calix

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.