Calix (NYSE:CALX) Receives “Buy” Rating from Rosenblatt Securities

Calix (NYSE:CALX)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $85.00 price target on the communications equipment provider’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 52.60% from the company’s current price.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and raised their target price for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Zacks Research lowered shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. UBS Group reaffirmed an “outperform” rating and set a $75.00 target price on shares of Calix in a research note on Friday, October 31st. Roth Mkm set a $85.00 price target on shares of Calix and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.00.

Calix Stock Performance

Shares of CALX stock opened at $55.70 on Tuesday. The firm has a market cap of $3.69 billion, a P/E ratio of -464.15 and a beta of 1.55. The firm’s 50 day moving average price is $54.71 and its 200-day moving average price is $57.78. Calix has a one year low of $28.60 and a one year high of $71.22.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative return on equity of 0.69% and a negative net margin of 0.78%.The company had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, research analysts predict that Calix will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Calix news, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total value of $3,265,000.00. Following the sale, the chief financial officer directly owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. This represents a 39.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carl Russo sold 420,000 shares of Calix stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the sale, the director directly owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 530,000 shares of company stock worth $34,099,800 in the last 90 days. Corporate insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Congress Asset Management Co. lifted its stake in Calix by 3.2% during the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after purchasing an additional 45,258 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Calix by 4.5% during the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after purchasing an additional 61,247 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after buying an additional 868,987 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after buying an additional 152,469 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its position in shares of Calix by 14.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 913,698 shares of the communications equipment provider’s stock valued at $48,600,000 after buying an additional 117,239 shares during the last quarter. Hedge funds and other 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.