Calix, Inc (NYSE:CALX) Given Average Rating of “Moderate Buy” by Analysts

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

A number of equities analysts recently weighed in on CALX shares. Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Wall Street Zen raised shares of Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 target price on shares of Calix in a research note on Wednesday, June 10th. Needham & Company LLC lowered their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Northland Securities downgraded shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price for the company. in a research note on Wednesday, April 22nd.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix announced that SC is expanding its long-running partnership to deploy Calix Agent Workforce Cloud on the AI-native Calix One platform, a win that highlights product adoption and customer expansion. Article Title
• Neutral Sentiment: Several law firms, including Rosen, Pomerantz, The Gross Law Firm, and others, issued reminders about the pending securities class action and July 27 lead-plaintiff deadline; these notices do not change operations directly but keep legal overhang front and center. Article Title
• Negative Sentiment: The class-action allegations point to claims that Calix previously touted margin improvements that were later said to have been supported by a declining stockpile of pre-purchased memory components, reinforcing concerns about prior disclosures and potential legal liability. Article Title

Calix Trading Down 0.3%

NYSE CALX opened at $38.22 on Friday. Calix has a 12 month low of $35.87 and a 12 month high of $71.22. The business’s 50-day moving average price is $42.60 and its two-hundred day moving average price is $49.29. The firm has a market capitalization of $2.44 billion, a PE ratio of 79.63 and a beta of 1.23.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $277.50 million. During the same quarter last year, the firm earned $0.19 earnings per share. Calix’s quarterly revenue was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, analysts forecast that Calix will post 0.85 earnings per share for the current fiscal year.

Calix announced that its board has approved a share repurchase program on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the communications equipment provider to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction on 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 directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Institutional Investors Weigh In On Calix

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

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.