Calix’s (CALX) Buy Rating Reiterated at Rosenblatt Securities

Calix (NYSE:CALX)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $70.00 price target on the communications equipment provider’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 41.72% from the stock’s current price.

Other analysts have also issued reports about the stock. Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and upped their price target for the company from $75.00 to $90.00 in a research report on Thursday, January 15th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Needham & Company LLC cut their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Finally, Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Calix Stock Down 1.8%

CALX opened at $49.39 on Tuesday. The firm has a market cap of $3.24 billion, a PE ratio of 197.58 and a beta of 1.49. The business has a fifty day simple moving average of $52.15 and a 200-day simple moving average of $56.07. Calix has a fifty-two week low of $29.50 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.08 earnings per share. Calix’s revenue for the quarter was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, equities research analysts anticipate that Calix will post -0.43 EPS for the current fiscal year.

Calix announced that its board has initiated a share repurchase plan on Wednesday, January 28th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Calix

Large investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in Calix in the fourth quarter worth approximately $57,915,000. Arrowstreet Capital Limited Partnership boosted its holdings in Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after purchasing an additional 868,987 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Calix by 67.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock worth $60,620,000 after buying an additional 461,196 shares during the last quarter. Divisadero Street Capital Management LP lifted its position in shares of Calix by 756.0% in the third quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock worth $27,854,000 after buying an additional 400,851 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Calix during the 4th quarter worth about $19,856,000. Institutional investors own 98.14% of the company’s stock.

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.