Calix (NYSE:CALX) Shares Gap Up on Analyst Upgrade

Calix, Inc (NYSE:CALX)’s share price gapped up before the market opened on Thursday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $54.96, but opened at $59.78. JPMorgan Chase & Co. now has a $90.00 price target on the stock, up from their previous price target of $75.00. Calix shares last traded at $61.0850, with a volume of 152,387 shares traded.

Other research analysts have also recently issued reports about the company. Craig Hallum reissued a “buy” rating and issued a $75.00 price target on shares of Calix in a report on Friday, October 31st. UBS Group reissued an “outperform” rating and issued a $75.00 target price on shares of Calix in a report on Friday, October 31st. Zacks Research lowered shares of Calix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price target on shares of Calix in a report on Monday, November 24th. Finally, Roth Capital set a $85.00 price target on shares of Calix and gave the stock a “buy” rating in a research note on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Calix has an average rating of “Moderate Buy” and an average price target of $82.00.

Insider Activity

In related news, CFO Cory Sindelar sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the sale, the chief financial officer owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. This represents a 39.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total value of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 530,000 shares of company stock worth $34,099,800 over the last ninety days. 16.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Calix

Large investors have recently added to or reduced their stakes in the business. Clearstead Advisors LLC raised its stake in Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 255 shares during the period. SouthState Corp increased its holdings in shares of Calix by 10,000.0% in the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Calix during the second quarter worth about $30,000. Whittier Trust Co. lifted its holdings in shares of Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 541 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Calix by 125.4% during the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 365 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix Stock Down 1.5%

The company’s fifty day moving average price is $55.29 and its two-hundred day moving average price is $57.57. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -484.41 and a beta of 1.55.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.34 by $0.10. The business had revenue of $265.44 million for the quarter, compared to analysts’ expectations of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, equities research analysts predict that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

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.