Calix (NYSE:CALX) to Repurchase $125.00 million in Stock

Calix (NYSE:CALX) declared that its Board of Directors has authorized a share buyback program on Wednesday, January 28th, RTT News reports. The company plans to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CALX. Craig Hallum reaffirmed a “buy” rating and set a $75.00 price target on shares of Calix in a report on Friday, October 31st. UBS Group restated an “outperform” rating and set a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 target price on shares of Calix in a research report on Monday, November 24th. JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Finally, Roth Mkm set a $85.00 price objective on Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Calix has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Calix Trading Down 5.3%

CALX stock traded down $2.97 during midday trading on Wednesday, reaching $53.01. 1,394,140 shares of the company’s stock traded hands, compared to its average volume of 743,754. Calix has a 52-week low of $28.60 and a 52-week high of $71.22. The stock has a market cap of $3.51 billion, a P/E ratio of -441.70 and a beta of 1.55. The stock’s 50-day moving average is $54.69 and its 200 day moving average is $57.79.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $272.40 million during the quarter, compared to the consensus estimate of $267.36 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, research analysts expect that Calix will post -0.43 EPS for the current fiscal year.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat: Calix reported $0.39 EPS vs. a $0.38 consensus and revenue of $272.4M (up 32.2% YoY), showing solid top-line growth that supports valuation re-rates. Read More.
• Positive Sentiment: Raised guidance: Calix set Q1 FY2026 EPS guidance of $0.340–0.400 (above the $0.280 consensus) and revenue guidance slightly above estimates — a direct positive signal for near-term growth and margins. Read More.
• Positive Sentiment: Buyback increased: The board expanded the share repurchase authorization, giving management flexibility to support the stock and offset dilution — a bullish capital-allocation move. Read More.
• Positive Sentiment: Analyst support and targets: Rosenblatt reaffirmed a Buy and set an $85 target; other recent analyst notes show multiple Buy/Overweight ratings and higher price targets, which could lift sentiment if maintained. Read More.
• Neutral Sentiment: Institutional flows mixed: Recent filings show both big adds and some reductions by funds — this increases liquidity and volatility but offers no clear directional signal. Read More.
• Negative Sentiment: GAAP profitability concerns: Some reported items show operating profit and net income were down YoY and Calix still posts a negative net margin and negative ROE; Quiver’s summary also flags lower GAAP diluted EPS in one presentation — these metrics could temper investor enthusiasm despite the beat. Read More.
• Negative Sentiment: Full-year EPS outlook: Street estimates still show negative EPS for the fiscal year overall, meaning investors must weigh growth and cash flow improvements against ongoing non-GAAP/GAAP profitability gaps. Read More.

Insider Buying and Selling at Calix

In other Calix news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total value of $3,267,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cory Sindelar sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was 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 $4,999,041.50. This trade represents a 39.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 530,000 shares of company stock valued at $34,099,800. Company insiders own 16.90% of the company’s stock.

Calix Company Profile

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.