Calix (NYSE:CALX) Reaches New 52-Week Low – Should You Sell?

Calix, Inc (NYSE:CALX) reached a new 52-week low during trading on Wednesday . The stock traded as low as $38.75 and last traded at $38.8650, with a volume of 265158 shares traded. The stock had previously closed at $39.86.

Wall Street Analysts Forecast Growth

CALX has been the subject of several recent analyst reports. Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Roth Mkm reaffirmed a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Finally, Needham & Company LLC cut their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Calix Stock Performance

The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 80.11 and a beta of 1.27. The stock’s 50 day simple moving average is $47.15 and its 200-day simple moving average is $52.36.

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, beating analysts’ consensus estimates of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The business had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. During the same quarter in the prior year, the business posted $0.19 EPS. Calix’s revenue for the quarter was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, analysts expect that Calix, Inc will post 0.85 EPS for the current fiscal year.

Calix declared that its Board of Directors has initiated a share buyback plan 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 buy up to 3.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the transaction, the director owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Institutional Trading of Calix

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in Calix by 1.0% during the 4th quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock worth $125,072,000 after purchasing an additional 23,022 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Calix by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after buying an additional 74,235 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Calix by 4.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after buying an additional 61,247 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Calix by 214.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after buying an additional 868,987 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Calix by 28.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock valued at $59,699,000 after buying an additional 269,876 shares during the period. Institutional investors and hedge funds own 98.14% 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.