Calix (NYSE:CALX) Stock Rating Lowered by Wall Street Zen

Calix (NYSE:CALX) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also issued reports on CALX. JPMorgan Chase & Co. dropped their target price on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings cut Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Roth Capital reissued a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price target on shares of Calix in a research note on Wednesday, June 10th. Finally, Northland Securities cut shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target on the stock. in a report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Calix Stock Performance

Calix stock opened at $39.17 on Friday. The firm has a market capitalization of $2.50 billion, a PE ratio of 81.61 and a beta of 1.23. The stock’s 50 day moving average price is $38.71 and its 200 day moving average price is $46.58. Calix has a one year low of $34.86 and a one year high of $71.22.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $279.98 million for the quarter, compared to analysts’ expectations of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, analysts forecast that Calix will post 0.83 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction dated 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 owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This represents a 1.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 corporate insiders.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 213 shares during the period. Raymond James Financial Inc. acquired a new position in Calix during the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new position in Calix during the 2nd quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd grew its stake 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 buying an additional 742 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in Calix during the 4th quarter worth $40,000. 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: Calix announced that Consolidated Business Services, which supports eight rural broadband cooperatives, selected the AI-native Calix One platform and Calix Agent Workforce Cloud to improve residential, business, and MDU customer experiences. This suggests continued product adoption and could support revenue growth. Article: CBS Selects AI-Native Calix One To Transform How 8 Rural Cooperatives Win Across Residential, Business, and Multifamily Properties
• Neutral Sentiment: Investor attention is also on Calix’s upcoming second-quarter earnings report, due July 20, with analysts expecting higher results than last year. A solid print or raised guidance could help the stock. Article: Calix Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: Multiple law firms issued reminders about a pending securities-fraud class action against Calix, with a lead-plaintiff deadline of July 27 for investors who bought shares between January 28 and April 21, 2026. These repeated lawsuit alerts can create headline risk and pressure sentiment. Article: CALX Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Calix, Inc. Securities Lawsuit

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.