Calix (NYSE:CALX) Reaches New 1-Year Low – Here’s Why

Calix, Inc (NYSE:CALX)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $33.72 and last traded at $33.5660, with a volume of 61818 shares. The stock had previously closed at $34.54.

Analyst Ratings Changes

A number of brokerages have commented on CALX. JPMorgan Chase & Co. lowered their price target on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Tuesday, July 21st. Finally, Rosenblatt Securities dropped their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.86.

Calix Trading Down 4.2%

The firm’s fifty day moving average price is $37.33 and its two-hundred day moving average price is $41.18. The stock has a market capitalization of $2.08 billion, a PE ratio of 44.86 and a beta of 1.25.

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

Insider Activity

In related news, Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Calix

A number of large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Calix in the second quarter valued at about $126,000. Nykredit A S purchased a new stake in shares of Calix in the second quarter valued at approximately $105,000. HighTower Advisors LLC grew its position in shares of Calix by 37.8% in the second quarter. HighTower Advisors LLC now owns 164,210 shares of the communications equipment provider’s stock valued at $6,128,000 after purchasing an additional 45,081 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Calix during the second quarter worth approximately $1,641,000. Finally, AXQ Capital LP boosted its stake in Calix by 353.7% during the second quarter. AXQ Capital LP now owns 37,827 shares of the communications equipment provider’s stock worth $1,412,000 after buying an additional 29,490 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Company Profile

Calix, Inc is a communications technology company that provides broadband access systems, cloud software and managed services to communications service providers. Its solutions are designed to help service providers deploy, manage and monetize broadband networks while delivering services to residential, business and community customers.

The company’s portfolio includes the AXOS broadband platform, which supports fiber, fixed wireless and other access technologies, as well as Calix Cloud software for network management, analytics and operational insights.