Brokerages Set Calix, Inc (NYSE:CALX) Price Target at $77.50

Shares of Calix, Inc (NYSE:CALX) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $77.50.

CALX has been the topic of a number of recent research reports. 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 report on Thursday, January 29th. Roth Mkm set a $85.00 price objective on Calix and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Calix in a research report on Tuesday, January 27th. Finally, UBS Group reissued an “outperform” rating and set a $75.00 target price on shares of Calix in a research note on Friday, October 31st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CALX. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Calix in the 3rd quarter worth approximately $1,528,000. Inspire Advisors LLC bought a new position in Calix in the 3rd quarter worth $2,844,000. Federated Hermes Inc. acquired a new position in Calix during the 3rd quarter worth $7,090,000. Prudential Financial Inc. boosted its holdings in Calix by 211.3% during 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 during the period. Finally, Congress Asset Management Co. grew its position in shares of Calix by 3.2% in the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock valued at $89,797,000 after purchasing an additional 45,258 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Stock Performance

Shares of Calix stock opened at $55.60 on Friday. The company has a market cap of $3.69 billion, a P/E ratio of 222.40 and a beta of 1.56. The firm has a fifty day moving average of $53.83 and a two-hundred day moving average of $57.61. Calix has a one year low of $28.60 and a one year high of $71.22.

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

Calix announced that its Board of Directors has approved a share repurchase 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 reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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.