Calix’s (CALX) “Buy” Rating Reaffirmed at Rosenblatt Securities

Calix (NYSE:CALX)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They presently have a $70.00 price target on the communications equipment provider’s stock. Rosenblatt Securities’ target price indicates a potential upside of 40.74% from the stock’s current price.

A number of other research firms have also issued reports on CALX. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Craig Hallum set a $60.00 target price on shares of Calix in a research note on Friday, January 30th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their target price on shares of Calix from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Needham & Company LLC reduced their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and an average price target of $68.86.

Calix Stock Down 3.5%

Calix stock opened at $49.74 on Wednesday. The firm has a 50-day moving average price of $50.97 and a two-hundred day moving average price of $54.60. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 198.94 and a beta of 1.53. Calix has a 52-week low of $35.70 and a 52-week high of $71.22.

Calix (NYSE:CALX) last posted its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $279.98 million during the quarter, compared to analyst estimates of $277.50 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. Calix’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Research analysts expect that Calix will post 0.87 earnings per share for the current year.

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

Institutional Trading of Calix

A number of hedge funds and other institutional investors have recently made changes to their positions in CALX. Clearstead Advisors LLC raised its position in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 255 shares in the last quarter. 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 buying an additional 213 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Calix during the 2nd quarter worth about $30,000. Whittier Trust Co. raised its position in shares of Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 541 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of 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 in the last quarter. 98.14% of the stock is currently owned by institutional investors.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 results topped expectations — Calix reported $0.40 EPS (vs. ~$0.37 consensus) and revenue of $279.98M, up 27% year-over-year, signaling strong demand for its communications equipment and software services. Calix (CALX) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Raised Q2 2026 guidance — management set EPS guidance of $0.35–0.45 (above consensus of ~$0.33) and revenue guidance roughly $287M–$293M (above consensus), underscoring confidence in near-term growth and supporting a higher valuation multiple. Calix Releases First Quarter 2026 Financial Results; To Host Investor Day 2026 at the NYSE
• Positive Sentiment: Board increases buyback authorization by $100M — the company added $100M to its repurchase program (bringing additional firepower and representing ~3% of shares), a direct capital-return move that often supports share prices. Calix Increases Stock Repurchase Authorization by An Additional $100 Million
• Neutral Sentiment: Investor Day announced — Calix will host an Investor Day at the NYSE to outline its long-term growth strategy (could provide more clarity and drive sentiment depending on management’s execution details). Calix Releases First Quarter 2026 Financial Results; To Host Investor Day 2026 at the NYSE
• Neutral Sentiment: Earnings call transcript available — the call provides color on product demand, margin outlook and timing of buybacks; useful for investors wanting detail but not a direct market mover by itself. Calix, Inc. (CALX) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Large executive compensation grants — disclosures show over ~2.1M long-term incentive rights plus additional performance and short-term rights, which investors may view as potential dilution and an offset to buyback benefits. Calix Grants Over 2.1 Million Long-Term Incentive Rights to Executive Management

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.