Calix (NYSE:CALX) Price Target Lowered to $62.00 at Needham & Company LLC

Calix (NYSE:CALX) had its target price cut by investment analysts at Needham & Company LLC from $70.00 to $62.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC’s target price would indicate a potential upside of 45.92% from the stock’s current price.

CALX has been the topic of several other research reports. JPMorgan Chase & Co. decreased their target price on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $70.00 target price on shares of Calix in a research report on Wednesday. Craig Hallum set a $60.00 target price on Calix in a research report on Friday, January 30th. Northland Securities downgraded Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price on the stock. in a research report on Wednesday. Finally, Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Calix Trading Down 14.3%

Calix stock opened at $42.49 on Thursday. The firm has a market cap of $2.75 billion, a PE ratio of 88.52 and a beta of 1.53. The stock’s 50 day simple moving average is $50.77 and its two-hundred day simple moving average is $54.52. Calix has a 12 month low of $36.25 and a 12 month high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. Calix had a return on equity of 4.20% and a net margin of 3.20%.Calix’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, equities research analysts forecast that Calix will post 0.87 EPS for the current year.

Calix declared that its Board of Directors has approved a share buyback program on Wednesday, January 28th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Calix

A number of institutional investors have recently added to or reduced their stakes in CALX. Royal Bank of Canada lifted its position in Calix by 11.0% during the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after buying an additional 2,773 shares in the last quarter. AQR Capital Management LLC increased its stake in Calix by 304.1% during the first quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after acquiring an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Calix by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock worth $6,249,000 after acquiring an additional 16,905 shares during the last quarter. Intech Investment Management LLC increased its stake in Calix by 26.8% during the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock worth $1,167,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Amundi increased its stake in Calix by 16,478.0% during the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock worth $518,000 after acquiring an additional 9,722 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 beat and strong growth — Calix reported Q1 EPS $0.40 and revenue of $279.98M (up 27% Y/Y), beating estimates; management gave Q2 EPS guidance of $0.35–$0.45, above consensus. This is the primary catalyst lifting the stock. Article Title
• Positive Sentiment: Board increases buyback authorization by $100M — the company expanded its repurchase program, signaling management views shares as undervalued and supporting EPS/share over time. Article Title
• Positive Sentiment: Analyst support — Needham (Buy) reiterated conviction around the Calix One transition and long-term outlook; Rosenblatt reaffirmed Buy with a $70 PT, both providing favorable sell-side momentum. Article Title
• Neutral Sentiment: Investor Day scheduled — Calix announced an Investor Day at the NYSE to outline the next phase of its Calix One strategy; could provide longer-term clarity but is informational until new targets are given. Article Title
• Neutral Sentiment: Executive incentives granted — Calix issued long- and short-term performance rights to management (disclosed in Australian filings); typical for retention but may modestly dilute over time. Article Title
• Negative Sentiment: Margin pressure flagged on earnings call — management acknowledged margin compression despite top-line strength, which could cap near-term profitability multiple expansion. Article Title
• Negative Sentiment: Mixed analyst moves — Northland cut Calix from Outperform to Market Perform ($52 PT) and JPMorgan trimmed its PT from $70 to $65, creating some sell-side variability that can pressure sentiment. Article Title

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.