Calix (NYSE:CALX) Upgraded to Strong-Buy at Wall Street Zen

Calix (NYSE:CALX) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

CALX has been the subject of a number of other research reports. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Calix in a report on Tuesday, January 27th. Needham & Company LLC dropped their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.50.

Calix Price Performance

CALX opened at $50.36 on Friday. The business has a 50 day simple moving average of $52.73 and a two-hundred day simple moving average of $56.53. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 201.44 and a beta of 1.49. Calix has a one year low of $29.50 and a one year high of $71.22.

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

Calix declared that its board has authorized a share buyback plan on Wednesday, January 28th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Calix

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Calix by 11.0% during the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after acquiring an additional 2,773 shares in the last quarter. AQR Capital Management LLC boosted its stake in Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after purchasing an additional 33,769 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Calix by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after purchasing an additional 16,905 shares during the last quarter. Intech Investment Management LLC grew its position in Calix by 26.8% during the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after purchasing an additional 6,962 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Calix by 40.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the communications equipment provider’s stock valued at $154,000 after purchasing an additional 841 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

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.