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

Shares of Calix, Inc (NYSE:CALX) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $77.50.

Several brokerages have commented on CALX. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Calix in a report on Tuesday, January 27th. Craig Hallum set a $60.00 target price on shares of Calix in a research note on Friday, January 30th. Needham & Company LLC dropped their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Finally, Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th.

Calix Trading Down 1.0%

CALX stock opened at $52.59 on Wednesday. Calix has a 1 year low of $28.60 and a 1 year high of $71.22. The company has a fifty day simple moving average of $53.33 and a 200 day simple moving average of $57.19. The firm has a market cap of $3.45 billion, a PE ratio of 210.36 and a beta of 1.49.

Calix (NYSE:CALX) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period in the prior year, the business posted $0.08 earnings per share. The business’s quarterly revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, analysts forecast that Calix will post -0.43 EPS for the current fiscal year.

Calix announced that its board has authorized a stock repurchase 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 repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Calix

Several large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Calix in the 3rd quarter valued at $1,528,000. Inspire Advisors LLC acquired a new stake in shares of Calix in the third quarter valued at $2,844,000. Federated Hermes Inc. acquired a new stake in shares of Calix in the third quarter valued at $7,090,000. Axecap Investments LLC bought a new position in shares of Calix in the third quarter valued at about $1,707,000. Finally, Prudential Financial Inc. lifted its position in Calix by 211.3% during the 2nd quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock worth $9,611,000 after buying an additional 122,649 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.