Calix (NYSE:CALX) Rating Lowered to “Hold” at Zacks Research

Calix (NYSE:CALX) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on CALX. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Craig Hallum set a $60.00 price objective on Calix in a report on Friday, January 30th. Needham & Company LLC lowered their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Calix in a research report on Tuesday, January 27th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average price target of $77.50.

Calix Price Performance

Shares of CALX opened at $50.96 on Monday. Calix has a 1-year low of $29.50 and a 1-year high of $71.22. The stock has a market cap of $3.34 billion, a PE ratio of 203.83 and a beta of 1.49. The firm has a fifty day moving average price of $52.77 and a 200 day moving average price of $56.64.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The company had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same quarter last year, the company posted $0.08 earnings per share. The business’s quarterly revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts expect that Calix will post -0.43 EPS for the current fiscal year.

Calix announced that its board has approved a stock buyback plan on Wednesday, January 28th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the communications equipment provider to purchase up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CALX. Mirae Asset Global Investments Co. Ltd. purchased a new position in Calix in the 3rd quarter valued at $1,528,000. Inspire Advisors LLC purchased a new position in Calix during the 3rd quarter worth $2,844,000. Federated Hermes Inc. acquired a new stake in shares of Calix in the 3rd quarter worth $7,090,000. Axecap Investments LLC acquired a new stake in shares of Calix in the 3rd quarter worth $1,707,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Calix by 211.3% in the second quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock valued at $9,611,000 after acquiring an additional 122,649 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.