Calix (NYSE:CALX) Stock Rating Upgraded by JPMorgan Chase & Co.

Calix (NYSE:CALX) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a $90.00 price target on the communications equipment provider’s stock, up from their previous price target of $75.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 54.81% from the stock’s current price.

Several other brokerages also recently weighed in on CALX. Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a research report on Monday, December 29th. Rosenblatt Securities lifted their target price on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Craig Hallum restated a “buy” rating and issued a $75.00 price target on shares of Calix in a research note on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price target on shares of Calix in a report on Monday, November 24th. Finally, Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Calix Stock Down 1.5%

Calix stock opened at $58.13 on Thursday. Calix has a twelve month low of $28.60 and a twelve month high of $71.22. The company has a market capitalization of $3.85 billion, a P/E ratio of -484.41 and a beta of 1.55. The stock’s 50 day moving average is $55.29 and its 200 day moving average is $57.57.

Calix (NYSE:CALX) last released its 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. The business had revenue of $265.44 million for the quarter, compared to the consensus estimate of $246.21 million. Calix had a negative return on equity of 0.69% and a negative net margin of 0.78%.The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, equities analysts expect that Calix will post -0.43 EPS for the current year.

Insider Buying and Selling

In other news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total value of $3,267,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carl Russo sold 420,000 shares of Calix stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director directly owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. The trade was a 19.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 530,000 shares of company stock valued at $34,099,800. 16.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Calix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Congress Asset Management Co. boosted its position in shares of Calix by 3.2% in the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after purchasing an additional 45,258 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Calix by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after buying an additional 61,247 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Calix by 214.3% in 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 period. Artisan Partners Limited Partnership increased its stake in Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock worth $64,077,000 after buying an additional 152,469 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Calix by 135.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock worth $50,410,000 after buying an additional 545,490 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Company Profile

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.