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

Calix, Inc (NYSE:CALX) has been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $77.50.

Several brokerages have weighed in on CALX. Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research raised shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Craig Hallum set a $60.00 price objective on shares of Calix in a report on Friday, January 30th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Calix in a research report on Tuesday, January 27th.

Calix Price Performance

CALX opened at $52.59 on Wednesday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 210.36 and a beta of 1.49. The company’s 50 day simple moving average is $53.33 and its 200-day simple moving average is $57.19. Calix has a one year low of $28.60 and a one year high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, analysts anticipate that Calix will post -0.43 EPS for the current year.

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

Hedge Funds Weigh In On Calix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC grew its position in shares of 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 boosted its stake in Calix by 10,000.0% during the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Calix during the second quarter valued at approximately $30,000. Finally, Whittier Trust Co. increased its stake in Calix by 541.0% in the third 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. 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.