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

Calix, Inc (NYSE:CALX) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $79.50.

CALX has been the subject of several recent analyst reports. Rosenblatt Securities increased their price objective on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. UBS Group reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Calix in a report on Friday, October 31st. Needham & Company LLC increased their target price on shares of Calix from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a research report on Wednesday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $75.00 price objective on shares of Calix in a research note on Friday, October 31st.

Calix Stock Up 0.9%

NYSE CALX opened at $53.82 on Monday. Calix has a twelve month low of $28.60 and a twelve month high of $71.22. The stock has a market cap of $3.57 billion, a P/E ratio of -448.44 and a beta of 1.44. The company’s 50-day simple moving average is $61.08 and its 200 day simple moving average is $55.64.

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

Insider Activity at Calix

In other news, CFO Cory Sindelar sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,999,041.50. This trade represents a 39.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 540,000 shares of company stock valued at $34,699,800 in the last three months. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Calix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CALX. Arrowstreet Capital Limited Partnership raised its stake in shares of Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after acquiring an additional 868,987 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Calix by 135.6% in the second 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 in the last quarter. Nuveen LLC bought a new position in Calix in the 1st quarter worth approximately $15,207,000. Loomis Sayles & Co. L P acquired a new position in Calix during the 2nd quarter worth $21,682,000. Finally, Divisadero Street Capital Management LP boosted its position in Calix by 756.0% in the 3rd quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock valued at $27,854,000 after buying an additional 400,851 shares during the last quarter. Institutional investors and hedge funds 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.