Calix (NYSE:CALX) Earns Buy Rating from Rosenblatt Securities

Calix (NYSE:CALX)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $70.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 48.97% from the stock’s previous close.

CALX has been the subject of a number of other reports. Craig Hallum set a $60.00 price target on shares of Calix in a research report on Friday, January 30th. Needham & Company LLC decreased their price objective 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. JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and lifted their target price for the company 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 report on Monday, March 16th. Finally, Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average price target of $75.00.

Calix Stock Down 4.1%

Shares of CALX opened at $46.99 on Tuesday. The business has a 50-day simple moving average of $51.80 and a two-hundred day simple moving average of $55.92. Calix has a 52 week low of $29.50 and a 52 week high of $71.22. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 187.95 and a beta of 1.53.

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

Calix declared that its board has approved a stock repurchase program on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Calix

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of Calix by 12.9% during the 3rd 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% during 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 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position 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 during the last quarter. 98.14% of the stock is currently owned by 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.