Calix, Inc (NYSE:CALX) Receives Average Rating of “Moderate Buy” from Analysts

Calix, Inc (NYSE:CALX) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $67.00.

A number of analysts have weighed in on CALX shares. Weiss Ratings cut Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Needham & Company LLC dropped their price objective on Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Roth Capital reissued a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. lowered their price target on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd.

Calix Trading Down 0.4%

NYSE:CALX traded down $0.16 during trading hours on Tuesday, hitting $38.31. 37,963 shares of the stock were exchanged, compared to its average volume of 1,089,188. The firm’s fifty day moving average price is $39.47 and its 200 day moving average price is $47.55. Calix has a 52-week low of $34.86 and a 52-week high of $71.22. The company has a market cap of $2.44 billion, a P/E ratio of 79.82 and a beta of 1.23.

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

Calix declared that its board has approved a stock repurchase program on Tuesday, April 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to buy up to 3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Institutional Trading of Calix

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Calix in the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Calix by 24,733.3% during 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 period. Strive Financial Group LLC acquired a new stake in shares of Calix during the fourth quarter worth about $40,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Calix during the third quarter worth about $64,000. 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.