Calix’s (CALX) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Calix (NYSE:CALX) in a report published on Tuesday morning,Benzinga reports. They currently have a $70.00 price objective on the communications equipment provider’s stock.

Several other brokerages have also recently commented on CALX. Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a report on Thursday, January 15th. Needham & Company LLC decreased their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Six equities 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.com, Calix currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Calix Stock Down 0.9%

Shares of NYSE:CALX opened at $48.96 on Tuesday. Calix has a 52-week low of $29.50 and a 52-week high of $71.22. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 195.86 and a beta of 1.49. The business has a 50-day moving average price of $51.98 and a 200-day moving average price of $55.98.

Calix (NYSE:CALX) last issued its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The firm had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Calix’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. As a group, equities analysts anticipate that Calix will post -0.43 EPS for the current fiscal year.

Calix announced that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Calix

Several large investors have recently made changes to their positions in the company. Clearstead Advisors LLC boosted its holdings in Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 255 shares in the last quarter. Farther Finance Advisors LLC grew its position in Calix by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 213 shares during the period. Raymond James Financial Inc. purchased a new position in Calix in the second quarter valued at $30,000. Whittier Trust Co. increased its holdings in Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 541 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Calix by 125.4% in the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 365 shares during the period. 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.