Calix (NYSE:CALX) Price Target Lowered to $65.00 at JPMorgan Chase & Co.

Calix (NYSE:CALX) had its price objective decreased by JPMorgan Chase & Co. from $70.00 to $65.00 in a research report sent to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the communications equipment provider’s stock.

A number of other equities analysts also recently weighed in on CALX. Craig Hallum set a $60.00 target price on shares of Calix in a research note on Friday, January 30th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Calix in a report on Wednesday. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Zacks Research cut shares of Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Finally, Needham & Company LLC cut their price target 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. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and an average price target of $68.14.

Calix Stock Performance

Shares of NYSE CALX opened at $42.49 on Wednesday. Calix has a fifty-two week low of $36.25 and a fifty-two week high of $71.22. The company has a 50 day simple moving average of $50.77 and a two-hundred day simple moving average of $54.52. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 88.52 and a beta of 1.53.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.20%. The business had revenue of $279.98 million during the quarter, compared to the consensus estimate of $277.50 million. During the same quarter last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, analysts forecast that Calix will post 0.87 earnings per share for the current fiscal year.

Calix declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 28th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CALX. Clearstead Advisors LLC boosted its stake in shares of Calix by 139.3% during the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 255 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Calix during the 2nd quarter worth $30,000. Whittier Trust Co. boosted its stake in shares of Calix by 541.0% during the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 541 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Calix by 24,733.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after acquiring an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 beat and raised near‑term outlook — Calix reported $0.40 EPS and revenue of $279.98M (up ~27% Y/Y), beating estimates, and issued Q2 EPS guidance of $0.35–0.45 and revenue guidance above consensus; this supports growth expectations. Calix Beats Q1 Earnings Estimates on Solid Y/Y Top-Line Growth
• Positive Sentiment: Board boosts buyback — Calix’s board authorized an additional $100M repurchase (bringing available authorization higher), signaling management thinks the shares are undervalued and providing direct support for the stock. Calix Increases Stock Repurchase Authorization by An Additional $100 Million
• Positive Sentiment: Rosenblatt reaffirms buy — Rosenblatt reiterated a “buy” rating with a $70 target, which is supportive for sentiment among growth-focused investors. Rosenblatt Reaffirms Buy
• Neutral Sentiment: Investor Day and investor materials — Calix announced an Investor Day at the NYSE to outline its next-phase growth strategy (could help clarity/visibility but timing matters). Calix Releases First Quarter 2026 Financial Results; To Host Investor Day 2026
• Neutral Sentiment: Executive incentive grants — Calix disclosed multi-million long‑term and short‑term incentive rights/performance awards to management; standard for growth companies but may be viewed as offsetting to shareholders via potential dilution. Calix Grants Over 2.1 Million Long-Term Incentive Rights
• Negative Sentiment: JPMorgan trims target — JPMorgan lowered its price target from $70 to $65 while keeping an overweight rating, a modest negative signal that may have pressured sentiment despite continued constructive stance. JPMorgan Lowers Price Target
• Negative Sentiment: Northland downgrade — Northland moved the stock from “outperform” to “market perform” and cut its target to $52, adding to analyst-driven selling pressure.
• Negative Sentiment: Heavy trading and share weakness — CALX is trading down on elevated volume today as the market digests mixed signals (strong results + buyback vs. analyst cuts and grants), amplifying volatility.

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.