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

Calix, Inc (NYSE:CALX) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $79.50.

CALX has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Calix from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Craig Hallum reaffirmed a “buy” rating and issued a $75.00 price target on shares of Calix in a research note on Friday, October 31st. Finally, Rosenblatt Securities increased their price target on shares of Calix from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, October 31st.

Insider Transactions at Calix

In related news, Director Carl Russo sold 420,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the sale, the director owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 540,000 shares of company stock valued at $34,699,800 over the last three months. 16.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SouthState Corp lifted its stake in Calix by 10,000.0% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of Calix by 139.3% in the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Calix during the 1st quarter worth $28,000. Raymond James Financial Inc. bought a new position in Calix in the 2nd quarter valued at about $30,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Calix during the second quarter worth $36,000. Institutional investors own 98.14% of the company’s stock.

Calix Trading Up 0.9%

Calix stock opened at $53.82 on Monday. The company has a market cap of $3.57 billion, a PE ratio of -448.44 and a beta of 1.44. Calix has a 1 year low of $28.60 and a 1 year high of $71.22. The company’s 50-day moving average is $61.08 and its two-hundred day moving average is $55.64.

Calix (NYSE:CALX) last issued its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. Calix had a negative net margin of 0.78% and a negative return on equity of 0.70%. The company had revenue of $265.44 million during the quarter, compared to analysts’ expectations of $246.21 million. During the same quarter in the previous year, the company earned $0.13 EPS. Calix’s revenue was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Research analysts forecast that Calix will post -0.43 EPS for the current year.

About Calix

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.