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

Shares of Calix, Inc (NYSE:CALX) have been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $77.50.

Several research firms recently commented on CALX. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Calix in a research note on Tuesday, January 27th. Craig Hallum set a $60.00 price target on Calix in a research note on Friday, January 30th. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Needham & Company LLC decreased their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th.

Hedge Funds Weigh In On Calix

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC lifted its position in Calix by 12.9% during the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after buying an additional 172 shares in the last quarter. LVW Advisors LLC increased its position in shares of Calix by 2.0% in the fourth quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock worth $511,000 after acquiring an additional 188 shares in the last quarter. GAMMA Investing LLC raised 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 valued at $102,000 after acquiring an additional 190 shares during the period. Nisa Investment Advisors LLC lifted 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 valued at $257,000 after acquiring an additional 190 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted 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 valued at $822,000 after acquiring an additional 200 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of NYSE CALX opened at $50.11 on Friday. Calix has a 1 year low of $29.50 and a 1 year high of $71.22. The firm’s 50 day moving average price is $52.32 and its 200 day moving average price is $56.21. The firm has a market cap of $3.29 billion, a P/E ratio of 200.46 and a beta of 1.49.

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

Calix declared that its Board of Directors has approved a stock 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 buy up to 3.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.