Calix (NYSE:CALX) Upgraded at Zacks Research

Zacks Research upgraded shares of Calix (NYSE:CALX) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on CALX. Needham & Company LLC lowered their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Roth Mkm set a $85.00 price objective on Calix and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. Finally, Craig Hallum reiterated a “buy” rating and issued a $75.00 price target on shares of Calix in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix Trading Down 4.5%

CALX opened at $44.54 on Wednesday. The stock’s 50 day simple moving average is $54.37 and its 200-day simple moving average is $57.67. The stock has a market cap of $2.95 billion, a PE ratio of 178.16 and a beta of 1.55. Calix has a 1 year low of $28.60 and a 1 year high of $71.22.

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, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The business’s revenue was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Equities analysts forecast that Calix will post -0.43 earnings per share for the current fiscal year.

Calix declared that its board has initiated a share buyback plan on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Cory Sindelar sold 50,000 shares of the business’s 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 completion of the transaction, the chief financial officer owned 76,555 shares of the company’s stock, valued at $4,999,041.50. This trade represents a 39.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 520,000 shares of company stock valued at $33,449,800 in the last 90 days. 16.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Calix

Several large investors have recently bought and sold shares of CALX. Arrowstreet Capital Limited Partnership grew its holdings in Calix by 214.3% during 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 acquiring an additional 868,987 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Calix in the 2nd quarter worth $21,682,000. Divisadero Street Capital Management LP grew its stake in shares of Calix by 756.0% during the third quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock worth $27,854,000 after purchasing an additional 400,851 shares during the period. Westfield Capital Management Co. LP increased its holdings in Calix by 135.0% in the third quarter. Westfield Capital Management Co. LP now owns 684,096 shares of the communications equipment provider’s stock valued at $41,983,000 after purchasing an additional 392,947 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Calix by 1,166.0% in the second quarter. Cubist Systematic Strategies LLC now owns 290,026 shares of the communications equipment provider’s stock valued at $15,427,000 after purchasing an additional 267,118 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat and strong revenue growth — Calix reported $0.39 EPS vs. $0.38 consensus and revenue of $272.4M (up ~32% YoY), showing healthy demand and execution. Calix Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Board ups buyback by $125M — Board authorized an additional $125M repurchase (about 3.4% of shares), which reduces share count risk and signals management’s view that shares are undervalued. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Analyst support and upside potential — Zacks upgraded Calix to strong-buy and Rosenblatt reiterated buy; consensus price-target commentary points to sizable upside potential from current levels. Zacks Upgrade Wall Street Analysts See Upside
• Positive Sentiment: Large BEAD opportunity and 2026 growth outlook — Management highlighted a $1B–$1.5B BEAD opportunity and projected sustained revenue growth, supporting longer-term secular thesis. Calix Outlines BEAD Opportunity
• Neutral Sentiment: Technicals look oversold — Some analysts note the stock is in oversold territory and could be ripe for a technical bounce, which may attract short-term traders. Technical Turnaround Note
• Negative Sentiment: Market focused on Q1 margin pressure — Despite headline guidance ranges that roughly cover/beat consensus, management warned of margin pressure driven by customer mix and overlapping cloud costs in Q1; that commentary triggered the sell-off as investors worried about near-term profitability. Calix Share Price Decreases Despite Q4 Growth
• Negative Sentiment: Investors punished guidance tone despite inline beats — Multiple outlets reported shares tumbling after the earnings call as investors parsed the company’s messaging on margins and near-term costs. Calix Shares Tumble on Guidance

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.