Calix, Inc (NYSE:CALX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Calix, Inc (NYSE:CALX) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $67.00.

CALX has been the topic of several research reports. Craig Hallum set a $60.00 price target on Calix in a report on Friday, January 30th. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings cut Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $70.00 price target on shares of Calix in a report on Wednesday, April 22nd.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the sale, the director directly owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Institutional Trading of Calix

Several institutional investors have recently added to or reduced their stakes in CALX. Royal Bank of Canada boosted its holdings in Calix by 11.0% in the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after acquiring an additional 2,773 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Calix by 304.1% in the first quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after acquiring an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Calix by 10.6% in the first 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 valued at $6,249,000 after acquiring an additional 16,905 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Calix by 26.8% in the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Amundi boosted its holdings in Calix by 16,478.0% in the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock valued at $518,000 after acquiring an additional 9,722 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Stock Up 0.1%

Calix stock opened at $39.26 on Monday. Calix has a 12-month low of $37.57 and a 12-month high of $71.22. The business’s 50-day moving average price is $46.41 and its two-hundred day moving average price is $51.75. The stock has a market cap of $2.50 billion, a PE ratio of 81.79 and a beta of 1.27.

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, topping the consensus estimate 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 return on equity of 4.30% and a net margin of 3.20%.The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, analysts expect that Calix will post 0.85 earnings per share for the current year.

Calix announced that its board has authorized a stock buyback program on Wednesday, January 28th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.