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

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

Several other equities research analysts have also recently commented on CALX. Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Calix in a research report on Tuesday, March 31st. Needham & Company LLC dropped 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. Craig Hallum set a $60.00 price target on Calix in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Calix Stock Up 0.1%

Shares of Calix stock opened at $46.40 on Monday. Calix has a 12 month low of $29.50 and a 12 month high of $71.22. The stock has a market cap of $3.00 billion, a PE ratio of 185.59 and a beta of 1.53. The business has a fifty day simple moving average of $51.45 and a 200-day simple moving average of $55.67.

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

Calix announced that its Board of Directors has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Calix

Large investors have recently bought and sold shares of the business. Clearstead Advisors LLC boosted its stake in Calix by 139.3% in the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 255 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Calix during the 2nd quarter valued at $30,000. Whittier Trust Co. lifted its stake in shares of Calix by 541.0% in the 3rd 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 during the period. Finally, Covestor Ltd lifted its stake in shares of Calix by 125.4% in the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 365 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.