Calix, Inc (NYSE:CALX) Receives Consensus Recommendation of “Hold” from Analysts

Calix, Inc (NYSE:CALX) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $79.50.

Several equities analysts have recently issued reports on the company. Roth Capital set a $85.00 price objective on Calix and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research cut shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Craig Hallum reiterated a “buy” rating and issued a $75.00 target price on shares of Calix in a research note on Friday, October 31st. UBS Group restated an “outperform” rating and set a $75.00 price target on shares of Calix in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a research report on Monday, December 29th.

Insiders Place Their Bets

In other news, CFO Cory Sindelar sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $65.30, for a total transaction of $3,265,000.00. Following the transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,999,041.50. This trade represents a 39.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 530,000 shares of company stock worth $34,099,800. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Calix

Hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its stake in Calix by 214.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after purchasing an additional 868,987 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Calix by 135.6% during the second quarter. Assenagon Asset Management S.A. now owns 947,738 shares of the communications equipment provider’s stock worth $50,410,000 after buying an additional 545,490 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Calix during the second quarter worth $21,682,000. Divisadero Street Capital Management LP increased its stake in shares of 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 worth $27,854,000 after acquiring an additional 400,851 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of Calix by 135.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 684,096 shares of the communications equipment provider’s stock valued at $41,983,000 after acquiring an additional 392,947 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Up 2.9%

CALX opened at $53.25 on Tuesday. Calix has a 12-month low of $28.60 and a 12-month high of $71.22. The firm has a market capitalization of $3.53 billion, a PE ratio of -443.70 and a beta of 1.55. The firm has a 50 day moving average of $55.98 and a two-hundred day moving average of $57.52.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.34 by $0.10. The business had revenue of $265.44 million for the quarter, compared to the consensus estimate of $246.21 million. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, analysts predict that Calix will post -0.43 EPS for the current fiscal year.

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.