Rosenblatt Securities Lowers Calix (NYSE:CALX) Price Target to $55.00

Calix (NYSE:CALX) had its target price cut by equities researchers at Rosenblatt Securities from $70.00 to $55.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price objective points to a potential upside of 53.10% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Roth Capital reaffirmed a “buy” rating on shares of Calix in a report on Thursday, April 23rd. Needham & Company LLC reduced their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.86.

Calix Price Performance

Shares of NYSE:CALX opened at $35.92 on Tuesday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 48.55 and a beta of 1.23. Calix has a 12 month low of $34.26 and a 12 month high of $71.22. The stock’s 50 day moving average price is $38.45 and its 200 day moving average price is $46.25.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same period last year, the company posted $0.33 EPS. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, sell-side analysts expect that Calix will post 0.83 EPS for the current year.

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

Insider Buying and Selling at Calix

In other 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 value of $1,081,500.00. Following the transaction, the director directly owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Calix by 1.0% during the 4th quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after purchasing an additional 23,022 shares during the period. Geode Capital Management LLC boosted its position in shares of Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after buying an additional 74,235 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Calix by 4.5% during the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after buying an additional 61,247 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Calix by 214.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after buying an additional 868,987 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Calix by 28.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock valued at $59,699,000 after buying an additional 269,876 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported strong Q2 results, beating estimates with revenue of $293.3 million and EPS of $0.47, supported by record software gains and growth in recurring services. Analysts at JPMorgan and Northland also maintained bullish views, even as they trimmed price targets. Calix Inc (CALX) Q2 2026 Earnings Call Highlights: Record Revenue and Strategic Growth Amid …
• Neutral Sentiment: The company’s AI-broadband strategy and broader push into software and recurring revenue remain a long-term growth story, but investors are still weighing execution and margin pressure. Calix AI Broadband Strategy Shows Where Fiber Networks Are Heading
• Neutral Sentiment: Multiple law firms issued deadline reminders about an already filed securities class action, with the lead plaintiff deadline set for July 27, 2026. These notices do not change fundamentals, but they can keep sentiment fragile until the case progresses. CALX DEADLINE ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Calix, Inc. Investors to Secure Counsel Before Important July 27 Deadline in Securities Class Action – CALX
• Neutral Sentiment: Calix also faced mixed analyst commentary, including a JPMorgan price-target cut and a Zacks downgrade, although both still highlighted meaningful upside from current levels. Analyst rating and price target updates
• Negative Sentiment: The biggest near-term concern is margin compression: management warned that rising memory costs tied to AI demand are pressuring gross margins in Q3, overshadowing the strong revenue beat and helping drive the stock lower. Calix Slides as Margin Outlook Overshadows Record Q2 Results

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.