Calix (NYSE:CALX) Lowered to “Strong Sell” Rating by Zacks Research

Calix (NYSE:CALX) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on CALX. Craig Hallum set a $60.00 price target on shares of Calix in a research note on Friday, January 30th. Rosenblatt Securities restated a “buy” rating and issued a $70.00 target price on shares of Calix in a research note on Tuesday, March 31st. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Needham & Company LLC decreased their price objective 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. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average price target of $71.67.

Calix Stock Performance

Calix stock opened at $50.20 on Thursday. The company’s 50 day simple moving average is $51.15 and its 200-day simple moving average is $54.83. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 200.82 and a beta of 1.53. Calix has a 1 year low of $32.55 and a 1 year 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 for the quarter, topping the consensus estimate of $0.38 by $0.01. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Equities analysts expect 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 program on Wednesday, January 28th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Calix

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Calix in the third quarter worth approximately $1,528,000. Inspire Advisors LLC acquired a new stake in shares of Calix in the third quarter worth approximately $2,844,000. Federated Hermes Inc. acquired a new position in Calix during the third quarter valued at approximately $7,090,000. Axecap Investments LLC acquired a new position in Calix during the third quarter valued at approximately $1,707,000. Finally, Congress Asset Management Co. lifted its position 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 valued at $89,797,000 after buying an additional 45,258 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Company Profile

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.