Calix, Inc (NYSE:CALX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Calix, Inc (NYSE:CALX) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $67.00.

CALX has been the topic of a number of recent research reports. Weiss Ratings lowered Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their target price on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Roth Capital reaffirmed a “buy” rating on shares of Calix in a research note on Thursday, April 23rd. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Northland Securities cut Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target on the stock. in a report on Wednesday, April 22nd.

Insider Transactions at Calix

In other 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 transaction, the director owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. This trade represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Calix by 63.0% in the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 213 shares during the period. Raymond James Financial Inc. acquired a new stake in Calix during the 2nd quarter worth $30,000. Caitong International Asset Management Co. Ltd grew its holdings in Calix by 24,733.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after acquiring an additional 742 shares during the period. Strive Financial Group LLC bought a new stake in shares of Calix during the 4th quarter valued at $40,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Calix during the 2nd quarter valued at $31,000. 98.14% of the stock is owned by institutional investors.

Key Calix News

Here are the key news stories impacting Calix this week:

• Negative Sentiment: Multiple law firms, including Rosen, Schall, Faruqi & Faruqi, Levi & Korsinsky, Bronstein, Gewirtz & Grossman, and DJS Law Group, issued reminders about a July 27 lead-plaintiff deadline in the securities class action against Calix. Article Title
• Negative Sentiment: The lawsuits allege securities-law violations tied to Calix’s January 28 and April 21 disclosures, including claims that a record gross margin was supported by temporary “advanced purchasing” of memory components rather than sustainable operations. Article Title
• Neutral Sentiment: Zacks noted that Calix is scheduled to report earnings next week and said Wall Street expects earnings growth, which could help offset some legal overhang if results are strong. Article Title
• Neutral Sentiment: Another report said analysts still expect a $67 consensus price target for Calix, suggesting some longer-term upside remains in the market’s view. Article Title

Calix Trading Down 1.4%

Shares of CALX stock opened at $39.81 on Tuesday. Calix has a 1 year low of $34.86 and a 1 year high of $71.22. The firm’s 50 day moving average is $39.13 and its 200-day moving average is $47.01. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 82.94 and a beta of 1.23.

Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share 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 during the quarter, compared to analyst estimates of $277.50 million. During the same quarter last year, the business posted $0.19 earnings per share. 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, equities research analysts forecast that Calix will post 0.85 earnings per share for the current fiscal year.

Calix declared that its board has initiated a share repurchase plan on Tuesday, April 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.