Wall Street Zen Upgrades Calix (NYSE:CALX) to Strong-Buy

Calix (NYSE:CALX) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Several other equities analysts have also weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Calix in a report on Tuesday, January 27th. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and upped their price target for the company from $75.00 to $90.00 in a research report on Thursday, January 15th. Needham & Company LLC cut their price target on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, Zacks Research downgraded Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Calix Stock Performance

Shares of CALX stock opened at $50.36 on Friday. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 201.44 and a beta of 1.49. Calix has a 52 week low of $29.50 and a 52 week high of $71.22. The firm’s 50-day simple moving average is $52.73 and its two-hundred day simple moving average is $56.53.

Calix (NYSE:CALX) last released its 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 net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million during the quarter, compared to the consensus estimate of $267.36 million. During the same period in the prior year, the firm earned $0.08 EPS. The company’s revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Analysts forecast that Calix will post -0.43 earnings per share for the current year.

Calix declared that its board has approved a stock buyback program 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 programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Calix

Institutional investors have recently made changes to their positions in the stock. CWM LLC increased its stake in shares of Calix by 12.9% in the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock worth $92,000 after buying an additional 172 shares during the period. LVW Advisors LLC boosted its position in Calix by 2.0% during the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after buying an additional 188 shares during the period. GAMMA Investing LLC boosted its position in Calix by 12.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 190 shares during the period. Nisa Investment Advisors LLC grew its holdings in Calix by 4.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 190 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Calix by 1.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock valued at $822,000 after acquiring an additional 200 shares during the period. Hedge funds and other 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.