Roth Capital Issues Positive Forecast for Calix (NYSE:CALX) Stock Price

Calix (NYSE:CALX) had its price objective boosted by Roth Capital from $60.00 to $69.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

A number of other analysts have also recently commented on the company. Wall Street Zen upgraded Calix from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Rosenblatt Securities raised their price target on Calix from $56.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Wolfe Research assumed coverage on Calix in a report on Monday, July 7th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. raised their price target on Calix from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Needham & Company LLC raised their price target on Calix from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Calix Stock Performance

CALX opened at $61.69 on Monday. The business’s 50-day simple moving average is $57.01 and its 200-day simple moving average is $46.73. Calix has a one year low of $28.60 and a one year high of $63.70. The stock has a market capitalization of $4.03 billion, a P/E ratio of -154.21 and a beta of 1.35.

Calix (NYSE:CALX) last posted its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.41. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The business had revenue of $241.90 million for the quarter, compared to analysts’ expectations of $223.81 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, equities research analysts forecast that Calix will post -0.43 EPS for the current fiscal year.

Insider Activity at Calix

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the sale, the director owned 2,114,188 shares of the company’s stock, valued at $117,126,015.20. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock worth $3,065,000 in the last three months. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Calix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Calix by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,015,370 shares of the communications equipment provider’s stock valued at $284,065,000 after buying an additional 37,601 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Calix by 12.1% in the 1st quarter. Alliancebernstein L.P. now owns 2,509,223 shares of the communications equipment provider’s stock valued at $88,927,000 after buying an additional 270,397 shares in the last quarter. Congress Asset Management Co. lifted its stake in Calix by 2.9% in the 2nd quarter. Congress Asset Management Co. now owns 1,417,944 shares of the communications equipment provider’s stock valued at $75,420,000 after buying an additional 39,447 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in 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, Alyeska Investment Group L.P. lifted its stake in Calix by 26.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,032,292 shares of the communications equipment provider’s stock valued at $36,584,000 after buying an additional 215,028 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.