Calix (NYSE:CALX) to Repurchase $125.00 million in Shares

Calix (NYSE:CALX) announced that its board has initiated a share repurchase plan on Wednesday, January 28th, RTT News reports. The company plans to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Calix Trading Down 5.3%

Shares of NYSE CALX opened at $53.01 on Thursday. The company has a market capitalization of $3.51 billion, a P/E ratio of -441.70 and a beta of 1.55. Calix has a 12 month low of $28.60 and a 12 month high of $71.22. The stock has a 50 day moving average of $54.69 and a 200-day moving average of $57.79.

Calix (NYSE:CALX) last posted its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Calix had a negative return on equity of 0.69% and a negative net margin of 0.78%.The business had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter in the prior year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Analysts predict that Calix will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CALX. Needham & Company LLC reiterated a “buy” rating and set a $82.00 target price on shares of Calix in a report on Monday, November 24th. Craig Hallum reaffirmed a “buy” rating and set a $75.00 price target on shares of Calix in a research report on Friday, October 31st. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Zacks Research downgraded Calix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, UBS Group restated an “outperform” rating and set a $75.00 target price on shares of Calix in a report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average price target of $82.00.

Insider Activity

In other news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total transaction of $3,267,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl Russo sold 420,000 shares of Calix stock in a transaction dated 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 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 have sold 520,000 shares of company stock valued at $33,449,800 over the last ninety days. 16.90% of the stock is currently owned by company insiders.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat: Calix reported $0.39 EPS vs. a $0.38 consensus and revenue of $272.4M (up 32.2% YoY), showing solid top-line growth that supports valuation re-rates. Read More.
• Positive Sentiment: Raised guidance: Calix set Q1 FY2026 EPS guidance of $0.340–0.400 (above the $0.280 consensus) and revenue guidance slightly above estimates — a direct positive signal for near-term growth and margins. Read More.
• Positive Sentiment: Buyback increased: The board expanded the share repurchase authorization, giving management flexibility to support the stock and offset dilution — a bullish capital-allocation move. Read More.
• Positive Sentiment: Analyst support and targets: Rosenblatt reaffirmed a Buy and set an $85 target; other recent analyst notes show multiple Buy/Overweight ratings and higher price targets, which could lift sentiment if maintained. Read More.
• Neutral Sentiment: Institutional flows mixed: Recent filings show both big adds and some reductions by funds — this increases liquidity and volatility but offers no clear directional signal. Read More.
• Negative Sentiment: GAAP profitability concerns: Some reported items show operating profit and net income were down YoY and Calix still posts a negative net margin and negative ROE; Quiver’s summary also flags lower GAAP diluted EPS in one presentation — these metrics could temper investor enthusiasm despite the beat. Read More.
• Negative Sentiment: Full-year EPS outlook: Street estimates still show negative EPS for the fiscal year overall, meaning investors must weigh growth and cash flow improvements against ongoing non-GAAP/GAAP profitability gaps. Read More.

Calix Company Profile

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.