Calix, Inc (NYSE:CALX) Receives $63.86 Average Target Price from Analysts

Calix, Inc (NYSE:CALX) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $63.8571.

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Tuesday, July 21st. Zacks Research lowered shares of Calix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Needham & Company LLC decreased their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Roth Capital reaffirmed a “buy” rating on shares of Calix in a research note on Tuesday, July 21st.

Calix Stock Up 1.5%

NYSE:CALX opened at $38.03 on Friday. Calix has a 12-month low of $34.26 and a 12-month high of $71.22. The firm has a market capitalization of $2.39 billion, a P/E ratio of 51.39 and a beta of 1.24. The stock’s fifty day simple moving average is $37.78 and its 200-day simple moving average is $44.84.

Calix (NYSE:CALX) last announced its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The business had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $289.96 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, equities research analysts expect that Calix will post 0.89 earnings per share for the current year.

Calix declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, Director Carl Russo sold 75,000 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.20, for a total value of $2,715,000.00. Following the completion of the sale, the director owned 1,569,188 shares in the company, valued at $56,804,605.60. This represents a 4.56% decrease in their position. The transaction was disclosed in a filing 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 owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 4D Advisors LLC acquired a new position in Calix in the 4th quarter worth $6,087,000. GSA Capital Partners LLP raised its stake in shares of Calix by 167.0% in the 4th quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock valued at $2,851,000 after purchasing an additional 33,691 shares during the period. Geode Capital Management LLC raised its stake 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 purchasing an additional 74,235 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Calix by 397,798.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock valued at $18,533,000 after purchasing an additional 350,063 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Calix by 129.7% in the fourth quarter. Intech Investment Management LLC now owns 101,074 shares of the communications equipment provider’s stock valued at $5,350,000 after purchasing an additional 57,065 shares in the last quarter. 98.14% of the stock is 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.