Calix, Inc (NYSE:CALX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Calix, Inc (NYSE:CALX) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $67.00.

CALX has been the topic of several recent analyst reports. Wall Street Zen raised shares of Calix from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Roth Mkm reaffirmed a “buy” rating on shares of Calix in a report on Thursday, April 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Calix in a report on Wednesday. Needham & Company LLC decreased their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd.

Key Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating on Calix and set a $70 price target, implying meaningful upside from current levels. Benzinga article
• Neutral Sentiment: Several law firms, including Rosen, Faruqi & Faruqi, Bernstein Liebhard, Portnoy, Pomerantz, Schall, Levi & Korsinsky, DJS, and Robbins, issued investor notices reminding shareholders about the pending securities class action and the July 27 deadline to seek lead-plaintiff status.
• Negative Sentiment: The class-action filings allege Calix misled investors about margin improvement and memory-component costs, creating a legal and reputational overhang that could increase volatility and distract management.

Calix Stock Down 0.1%

CALX opened at $38.54 on Friday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 80.30 and a beta of 1.23. Calix has a 52-week low of $35.87 and a 52-week high of $71.22. The firm’s fifty day simple moving average is $43.09 and its two-hundred day simple moving average is $49.65.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The company’s 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 forecast that Calix will post 0.85 EPS for the current year.

Calix declared that its board has authorized a stock buyback program on Tuesday, April 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.44% of the company’s stock.

Hedge Funds Weigh In On Calix

Several hedge funds and other institutional investors have recently modified their holdings of CALX. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Calix in the fourth quarter worth about $57,915,000. Arrowstreet Capital Limited Partnership lifted its stake 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 worth $78,212,000 after buying an additional 868,987 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of Calix by 67.4% in 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. Divisadero Street Capital Management LP lifted its stake in shares of Calix by 756.0% in 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 in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Calix in the fourth quarter worth about $19,856,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Company Profile

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.