Calix (NYSE:CALX) Price Target Cut to $55.00 by Analysts at Rosenblatt Securities

Calix (NYSE:CALX) had its price objective lowered by stock analysts at Rosenblatt Securities from $70.00 to $55.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 43.31% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. dropped their price objective on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Needham & Company LLC decreased their target price on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Northland Securities cut Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price for the company. in a report on Wednesday, April 22nd. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.86.

Calix Stock Performance

Calix stock opened at $38.38 on Tuesday. Calix has a fifty-two week low of $34.86 and a fifty-two week high of $71.22. The firm has a 50 day moving average price of $38.62 and a 200 day moving average price of $46.48. The company has a market capitalization of $2.45 billion, a PE ratio of 79.96 and a beta of 1.23.

Calix (NYSE:CALX) last announced its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 4.30% and a net margin of 3.20%.The company had revenue of $293.33 million for the quarter, compared to analyst estimates of $289.96 million. During the same quarter in the previous year, the company 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 forecast that Calix will post 0.83 earnings per share for the current year.

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

Insider Transactions at Calix

In related news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the transaction, 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 is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Institutional Investors Weigh In On Calix

A number of hedge funds have recently bought and sold shares of CALX. Fuller & Thaler Asset Management Inc. purchased a new position in Calix in the fourth quarter valued at $57,915,000. Arrowstreet Capital Limited Partnership lifted its holdings in Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after buying an additional 868,987 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Calix by 67.4% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock worth $60,620,000 after acquiring an additional 461,196 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Calix during the 4th quarter worth about $19,856,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Calix by 397,798.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock valued at $18,533,000 after acquiring an additional 350,063 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported second-quarter earnings of $0.47 per share, topping expectations of $0.40, while revenue of $293.3 million also beat estimates. Revenue rose 21.3% year over year, suggesting solid demand and execution. Calix Releases Second Quarter 2026 Financial Results
• Neutral Sentiment: The company issued third-quarter EPS guidance of $0.37 to $0.45 and revenue guidance of $301 million to $307 million, which is broadly in line with revenue expectations but only modestly supportive on profit outlook. Calix Releases Second Quarter 2026 Financial Results
• Negative Sentiment: Multiple law firms issued reminders about a securities class-action case against Calix, with a lead-plaintiff deadline of July 27. These headlines may keep investors focused on legal risk and potential distraction/costs. CALIX, INC. CLASS ACTION DEADLINE ALERT

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.