Rosenblatt Securities Reiterates “Buy” Rating for Calix (NYSE:CALX)

Calix (NYSE:CALX)‘s stock had its “buy” rating reiterated by equities research analysts at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $85.00 price objective on the communications equipment provider’s stock. Rosenblatt Securities’ price target indicates a potential upside of 60.35% from the stock’s current price.

A number of other research firms have also recently weighed in on CALX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Calix in a report on Monday, December 29th. Needham & Company LLC restated a “buy” rating and issued a $82.00 price target on shares of Calix in a research note on Monday, November 24th. Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Craig Hallum reissued a “buy” rating and issued a $75.00 price objective on shares of Calix in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and increased their target price for the company from $75.00 to $90.00 in a research report on Thursday, January 15th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Calix Trading Down 5.3%

Calix stock opened at $53.01 on Tuesday. Calix has a 12 month low of $28.60 and a 12 month high of $71.22. The stock’s 50 day simple moving average is $54.69 and its two-hundred day simple moving average is $57.79. The firm has a market cap of $3.51 billion, a PE ratio of -441.70 and a beta of 1.55.

Calix (NYSE:CALX) last posted its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share for the quarter, beating 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 0.69%. The firm had revenue of $265.44 million during the quarter, compared to analyst estimates of $246.21 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. On average, equities research analysts forecast that Calix will post -0.43 EPS for the current year.

Calix announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 28th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the sale, the director owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. This represents a 19.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total transaction of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 520,000 shares of company stock worth $33,449,800 over the last three months. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CALX. CWM LLC increased its holdings in shares of Calix by 12.9% in the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after purchasing an additional 172 shares during the last quarter. LVW Advisors LLC grew its holdings in Calix by 2.0% in the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after buying an additional 188 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Calix by 12.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 190 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 190 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Calix by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after acquiring an additional 200 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Key Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat: Calix reported $0.39 EPS vs. a $0.38 consensus and revenue of $272.4M (up 32.2% YoY), showing solid top-line growth that supports valuation re-rates. Read More.
• Positive Sentiment: Raised guidance: Calix set Q1 FY2026 EPS guidance of $0.340–0.400 (above the $0.280 consensus) and revenue guidance slightly above estimates — a direct positive signal for near-term growth and margins. Read More.
• Positive Sentiment: Buyback increased: The board expanded the share repurchase authorization, giving management flexibility to support the stock and offset dilution — a bullish capital-allocation move. Read More.
• Positive Sentiment: Analyst support and targets: Rosenblatt reaffirmed a Buy and set an $85 target; other recent analyst notes show multiple Buy/Overweight ratings and higher price targets, which could lift sentiment if maintained. Read More.
• Neutral Sentiment: Institutional flows mixed: Recent filings show both big adds and some reductions by funds — this increases liquidity and volatility but offers no clear directional signal. Read More.
• Negative Sentiment: GAAP profitability concerns: Some reported items show operating profit and net income were down YoY and Calix still posts a negative net margin and negative ROE; Quiver’s summary also flags lower GAAP diluted EPS in one presentation — these metrics could temper investor enthusiasm despite the beat. Read More.
• Negative Sentiment: Full-year EPS outlook: Street estimates still show negative EPS for the fiscal year overall, meaning investors must weigh growth and cash flow improvements against ongoing non-GAAP/GAAP profitability gaps. Read More.

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.