Analysts Set Calix, Inc (NYSE:CALX) Price Target at $67.00

Calix, Inc (NYSE:CALX) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $67.00.

CALX has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Roth Mkm restated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Needham & Company LLC reduced their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Calix in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the sale, the director owned 1,644,188 shares in the company, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Calix

A number of hedge funds and other institutional investors have recently modified their holdings of CALX. Royal Bank of Canada lifted its position in shares of Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after acquiring an additional 2,773 shares during the period. AQR Capital Management LLC lifted its position in shares of Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after acquiring an additional 33,769 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Calix by 10.6% during the 1st 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 valued at $6,249,000 after acquiring an additional 16,905 shares during the period. Intech Investment Management LLC lifted its position in shares of Calix by 26.8% during the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after acquiring an additional 6,962 shares during the period. Finally, Amundi lifted its position in shares of Calix by 16,478.0% during the 2nd quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock valued at $518,000 after acquiring an additional 9,722 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of CALX opened at $39.26 on Monday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 81.79 and a beta of 1.27. Calix has a fifty-two week low of $37.57 and a fifty-two week high of $71.22. The firm has a 50-day simple moving average of $46.41 and a 200-day simple moving average of $51.85.

Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $279.98 million during the quarter, compared to the consensus estimate of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Equities research analysts forecast that Calix will post 0.85 EPS for the current year.

Calix announced that its Board of Directors has approved a share buyback plan on Wednesday, January 28th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.