Calix (NYSE:CALX) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Calix (NYSE:CALX) had its price target decreased by JPMorgan Chase & Co. from $58.00 to $50.00 in a report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the communications equipment provider’s stock.

A number of other equities analysts have also issued reports on CALX. Roth Capital reaffirmed a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $55.00 price objective on shares of Calix in a research report on Wednesday. Weiss Ratings cut Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen raised Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.80.

Calix Trading Down 4.0%

NYSE:CALX traded down $1.28 during mid-day trading on Wednesday, reaching $30.58. 1,104,804 shares of the stock were exchanged, compared to its average volume of 987,130. The business has a fifty day moving average price of $35.60 and a 200 day moving average price of $42.07. Calix has a 1-year low of $30.55 and a 1-year high of $65.00. The firm has a market capitalization of $1.93 billion, a PE ratio of 44.97 and a beta of 1.21.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, November 2nd. The communications equipment provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $301.71 million during the quarter, compared to analyst estimates of $304.23 million. Calix had a net margin of 3.99% and a return on equity of 5.53%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, sell-side analysts forecast that Calix will post 0.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CALX. Strs Ohio increased its position in shares of Calix by 1.5% during the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock worth $1,009,000 after acquiring an additional 300 shares in the last quarter. Inspire Investing LLC boosted its stake in Calix by 1.8% in the 3rd quarter. Inspire Investing LLC now owns 18,681 shares of the communications equipment provider’s stock worth $642,000 after purchasing an additional 338 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Calix by 254.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 878 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 630 shares during the period. Hsbc Holdings PLC boosted its stake in Calix by 3.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,140 shares of the communications equipment provider’s stock worth $940,000 after purchasing an additional 647 shares during the period. Finally, Covestor Ltd increased its holdings in Calix by 85.4% during the 3rd quarter. Covestor Ltd now owns 1,446 shares of the communications equipment provider’s stock worth $49,000 after purchasing an additional 666 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities reiterated an Outperform rating and a $52 price target, estimating 2027 quarterly EPS of $0.33, $0.40, $0.47 and $0.48. The forecasts point to improving earnings through the year and provide a positive analyst signal. Northland Securities estimates and rating
• Positive Sentiment: A report highlights record revenue and Calix’s AI push as potential growth drivers, supporting the longer-term opportunity. Record Revenue And AI Push Could Be A Game Changer For Calix
• Positive Sentiment: Rosenblatt Securities reportedly maintained its Buy rating, indicating continued analyst support. Calix Stock Keeps Buy Rating at Rosenblatt Securities
• Negative Sentiment: JPMorgan issued a forecast described as pessimistic, adding a cautious analyst view. The available report does not specify the price target or reasoning. JPMorgan Issues Pessimistic Forecast for Calix
• Negative Sentiment: Calix disclosed rising FCC regulatory risks that could constrain router approvals and post-2029 firmware updates, potentially affecting product availability or support. Calix Faces Rising FCC Regulatory Risks

Calix Company Profile

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.