Calix (NYSE:CALX) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Calix (NYSE:CALX) had its price objective upped by JPMorgan Chase & Co. from $60.00 to $75.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.60% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Needham & Company LLC upped their price target on shares of Calix from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. UBS Group reiterated an “outperform” rating and issued a $75.00 price target on shares of Calix in a research note on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Calix in a research note on Wednesday, October 8th. Finally, Wolfe Research started coverage on shares of Calix in a research note on Monday, July 7th. They issued a “peer perform” rating on the stock. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.50.

Calix Trading Up 0.6%

Shares of CALX stock opened at $68.43 on Friday. Calix has a 12 month low of $28.60 and a 12 month high of $71.22. The stock has a market cap of $4.47 billion, a PE ratio of -570.21 and a beta of 1.32. The company’s fifty day moving average price is $60.99 and its 200-day moving average price is $53.21.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. The firm had revenue of $265.44 million for the quarter, compared to analysts’ expectations of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.70%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, sell-side analysts forecast that Calix will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Calix

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 76,555 shares in the company, valued at approximately $4,593,300. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Calix

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its position in shares of Calix by 135.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock valued at $50,410,000 after purchasing an additional 545,490 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Calix during the 1st quarter valued at about $15,207,000. Loomis Sayles & Co. L P purchased a new stake in shares of Calix during the 2nd quarter valued at about $21,682,000. Penn Capital Management Company LLC purchased a new stake in shares of Calix during the 1st quarter valued at about $12,018,000. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Calix during the 2nd quarter valued at about $15,486,000. Institutional investors own 98.14% of the company’s stock.

About Calix

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.