Calix (NYSE:CALX) Sets New 1-Year Low – Time to Sell?

Calix, Inc (NYSE:CALX) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $35.68 and last traded at $35.6780, with a volume of 68893 shares. The stock had previously closed at $36.54.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CALX shares. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Needham & Company LLC cut their target price on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Roth Mkm reaffirmed a “buy” rating on shares of Calix in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Calix Price Performance

The company has a 50 day moving average of $40.68 and a 200-day moving average of $48.33. The company has a market cap of $2.26 billion, a P/E ratio of 73.85 and a beta of 1.23.

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

Calix announced that its Board of Directors has authorized a share 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 repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares in the company, valued at $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by insiders.

Institutional Trading of Calix

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC grew its stake in shares of Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Calix by 63.0% in 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. purchased a new stake in Calix during the 2nd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd grew its position in Calix by 24,733.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after acquiring an additional 742 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in Calix during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.