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

Calix (NYSE:CALX) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other brokerages have also recently weighed in on CALX. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. reduced their price target on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Northland Securities cut shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target on the stock. in a research report on Wednesday, April 22nd. Roth Mkm reissued a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Finally, Needham & Company LLC reduced their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Calix Stock Down 3.7%

Shares of NYSE CALX opened at $36.93 on Friday. The company’s fifty day moving average is $44.02 and its 200-day moving average is $50.15. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 76.94 and a beta of 1.23. Calix has a twelve month low of $36.83 and a twelve month high of $71.22.

Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to analysts’ expectations of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, research analysts anticipate that Calix will post 0.85 EPS for the current fiscal year.

Calix announced that its board has approved a stock repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to purchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $43.26, for a total value of $1,081,500.00. Following the sale, the director directly owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Institutional Investors Weigh In On Calix

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after purchasing an additional 2,773 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Calix by 304.1% during 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 worth $6,249,000 after purchasing an additional 16,905 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Calix by 26.8% during the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock worth $1,167,000 after purchasing an additional 6,962 shares during the last quarter. Finally, Amundi increased its stake in shares of Calix by 16,478.0% during the 2nd quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock worth $518,000 after purchasing an additional 9,722 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Trending Headlines about Calix

Here are the key news stories impacting Calix this week:

• Negative Sentiment: Multiple law firms, including Rosen, Schall, DJS, Pomerantz, Kirby McInerney, and others, announced or reminded investors about a securities fraud class action against Calix, adding legal overhang and potential settlement risk. Article Title
• Negative Sentiment: One alert specifically cited allegations that Calix’s “record margins were propped up” by a dwindling supply of pre-purchased memory components, which could increase concern about the quality of prior earnings results. Article Title
• Neutral Sentiment: The lawsuits center on allegations of violations of federal securities laws, with a lead-plaintiff deadline around July 27, 2026; these notices are procedural but keep the issue in the spotlight for investors. Article Title

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.