Calix (NYSE:CALX) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Calix (NYSE:CALX) from a hold rating to a strong sell rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price target on shares of Calix in a research note on Tuesday, March 31st. Needham & Company LLC dropped their price target on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Craig Hallum set a $60.00 target price on shares of Calix in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Calix from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Calix currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Calix Stock Performance

CALX stock opened at $50.20 on Thursday. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 200.82 and a beta of 1.53. Calix has a fifty-two week low of $32.55 and a fifty-two week high of $71.22. The company’s 50 day moving average price is $51.15 and its 200 day moving average price is $54.79.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm’s revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the firm posted $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 EPS for the current fiscal year.

Calix announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 28th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the communications equipment provider to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Calix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CALX. Diversified Trust Co grew its holdings in Calix by 9.0% in the 1st quarter. Diversified Trust Co now owns 11,057 shares of the communications equipment provider’s stock valued at $542,000 after buying an additional 910 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Calix by 24,733.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock valued at $39,000 after buying an additional 742 shares during the period. Pacer Advisors Inc. grew its holdings in Calix by 79.5% in the 4th quarter. Pacer Advisors Inc. now owns 6,520 shares of the communications equipment provider’s stock valued at $345,000 after buying an additional 2,888 shares during the period. Invesco Ltd. grew its holdings in Calix by 19.9% in the 4th quarter. Invesco Ltd. now owns 577,771 shares of the communications equipment provider’s stock valued at $30,581,000 after buying an additional 95,738 shares during the period. Finally, Strive Financial Group LLC purchased a new stake in Calix in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.