JPMorgan Chase & Co. Issues Pessimistic Forecast for Calix (NYSE:CALX) Stock Price

Calix (NYSE:CALX) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $65.00 to $58.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 62.50% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Needham & Company LLC cut their target price on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Tuesday. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Rosenblatt Securities dropped their price target on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Zacks Research cut shares of Calix from a “hold” rating to a “strong sell” rating in a report on Monday. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Calix presently has an average rating of “Moderate Buy” and a consensus price target of $63.86.

Calix Price Performance

Shares of Calix stock opened at $35.69 on Wednesday. Calix has a 1-year low of $34.26 and a 1-year high of $71.22. The company has a market capitalization of $2.25 billion, a PE ratio of 48.23 and a beta of 1.23. The business has a 50-day moving average of $38.36 and a 200-day moving average of $46.12.

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

Calix announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the communications equipment provider to buy up to 3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Calix

In other Calix 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 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 sale 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 owned by corporate insiders.

Institutional Trading of Calix

Institutional investors and hedge funds have recently made changes to their positions in the stock. 4D Advisors LLC bought a new stake in shares of Calix in the 4th quarter worth approximately $6,087,000. GSA Capital Partners LLP grew its stake in Calix by 167.0% during the 4th quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock worth $2,851,000 after buying an additional 33,691 shares during the last quarter. Geode Capital Management LLC grew its stake in Calix by 5.4% during the 4th 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 last quarter. Northwestern Mutual Wealth Management Co. increased its position in Calix by 397,798.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 350,151 shares of the communications equipment provider’s stock worth $18,533,000 after buying an additional 350,063 shares during the period. Finally, Intech Investment Management LLC increased its position in Calix by 129.7% in the fourth quarter. Intech Investment Management LLC now owns 101,074 shares of the communications equipment provider’s stock worth $5,350,000 after buying an additional 57,065 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Investor-focused commentary says Calix could be materially undervalued after reporting record earnings and issuing 2026 guidance, reinforcing the bullish case that the stock may be priced below its growth potential. Calix (CALX) Could Be 46% Undervalued On Record Earnings And 2026 Guidance
• Positive Sentiment: Calix announced that Conexon Connect is adopting Calix Agent Workforce Cloud to scale growth across residential, business, and MDU markets, a sign of continued product traction and customer expansion. Conexon Connect Chooses Calix Agent Workforce Cloud To Advance 79 NPS and Scale Their Go-to-Market Strategy
• Positive Sentiment: Northland Securities reiterated a positive view and raised FY2027 earnings estimates, suggesting analysts see room for earnings growth beyond the current year. Calix analyst estimate update
• Neutral Sentiment: Several market notes highlight ongoing debate around Calix’s post-earnings performance, including concerns about margin pressure even as software gains improve the growth profile. How Investors Are Reacting To Calix (CALX) Record Q2 Software Gains And Ongoing Margin Pressures
• Neutral Sentiment: Analyst actions were mixed, with some target cuts but still constructive ratings, indicating valuation debate rather than a clear deterioration in the business outlook.
• Negative Sentiment: Multiple law firms issued reminders about the July 27 lead-plaintiff deadline in the securities class action against Calix, keeping legal uncertainty in focus and likely weighing on sentiment. CALX IMPORTANT DEADLINE: ROSEN…
• Negative Sentiment: Zacks downgraded Calix to “strong sell,” and other firms lowered price targets, adding pressure on the shares despite upbeat earnings. Calix (NYSE:CALX) Hits New 52-Week Low on Analyst Downgrade

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.