Calix (NYSE:CALX) Reaches New 1-Year Low – Here’s Why

Calix, Inc (NYSE:CALX)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $40.70 and last traded at $41.2050, with a volume of 41603 shares. The stock had previously closed at $41.71.

Analyst Ratings Changes

Several analysts have issued reports on CALX shares. Northland Securities downgraded shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price on the stock. in a research note on Wednesday, April 22nd. Needham & Company LLC decreased their target price on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Roth Mkm restated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Calix Stock Performance

The business’s 50 day simple moving average is $47.89 and its 200-day simple moving average is $52.82. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 83.88 and a beta of 1.27.

Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. Calix’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Research analysts expect that Calix, Inc will post 0.85 earnings per share for the current year.

Calix declared that its Board of Directors has authorized a stock repurchase program on Wednesday, January 28th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares in the company, valued at $71,127,572.88. The trade was a 1.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearstead Advisors LLC increased its stake in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 255 shares during the last quarter. Farther Finance Advisors LLC increased its position in Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 213 shares during the last quarter. Raymond James Financial Inc. bought a new position in Calix during the second quarter valued at about $30,000. Whittier Trust Co. lifted its position in shares of Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 541 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Calix by 24,733.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after buying an additional 742 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

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.