Calix (NYSE:CALX) Stock Rating Lowered by Wall Street Zen

Calix (NYSE:CALX) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Zacks Research lowered shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Calix in a research report on Tuesday, January 27th. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Finally, Craig Hallum set a $60.00 price target on Calix in a research report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Calix Price Performance

Shares of NYSE CALX opened at $50.11 on Friday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 200.46 and a beta of 1.49. Calix has a 12 month low of $29.50 and a 12 month high of $71.22. The firm’s 50 day simple moving average is $52.32 and its 200-day simple moving average is $56.21.

Calix (NYSE:CALX) last posted its 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 net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s quarterly revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Analysts anticipate that Calix will post -0.43 earnings per share for the current fiscal year.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Calix during the 4th quarter worth approximately $57,915,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after purchasing an additional 868,987 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Calix by 67.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock worth $60,620,000 after buying an additional 461,196 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Calix during the second quarter worth approximately $21,682,000. Finally, Divisadero Street Capital Management LP boosted its stake in Calix by 756.0% during the third quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock worth $27,854,000 after buying an additional 400,851 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.