Calix (NYSE:CALX) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Calix (NYSE:CALX) from a neutral rating to an overweight rating in a report issued on Thursday morning, MarketBeat reports. The firm currently has $90.00 price objective on the communications equipment provider’s stock, up from their previous price objective of $75.00.

A number of other research analysts have also recently commented on CALX. UBS Group reaffirmed an “outperform” rating and set a $75.00 target price on shares of Calix in a research note on Friday, October 31st. Rosenblatt Securities upped their price objective on Calix from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price on shares of Calix in a research note on Monday, November 24th. Craig Hallum reissued a “buy” rating and set a $75.00 target price on shares of Calix in a research note on Friday, October 31st. Finally, Zacks Research cut shares of Calix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Calix Trading Up 7.3%

Shares of CALX opened at $58.99 on Thursday. The company has a market capitalization of $3.91 billion, a PE ratio of -491.53 and a beta of 1.55. Calix has a 12-month low of $28.60 and a 12-month high of $71.22. The business’s 50 day moving average is $55.41 and its 200 day moving average is $57.53.

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

Insider Activity at Calix

In other news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the business’s 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the sale, the director directly owned 1,694,188 shares of the company’s stock, valued at $108,580,508.92. The trade was a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 530,000 shares of company stock worth $34,099,800 over the last three months. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Calix

A number of large investors have recently bought and sold shares of CALX. Royal Bank of Canada boosted its position in Calix by 11.0% during the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after acquiring an additional 2,773 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after purchasing an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Calix by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after purchasing an additional 16,905 shares in the last quarter. Intech Investment Management LLC grew its stake in Calix by 26.8% in the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after purchasing an additional 6,962 shares during the last quarter. Finally, Strs Ohio bought a new position in Calix in the first quarter worth about $851,000. 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.