Calix (NYSE:CALX) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Calix (NYSE:CALX) in a research note published on Wednesday morning,Benzinga reports. Rosenblatt Securities currently has a $70.00 price target on the communications equipment provider’s stock.

Several other equities research analysts also recently weighed in on CALX. JPMorgan Chase & Co. decreased their target price on shares of Calix from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Craig Hallum set a $60.00 target price on shares of Calix in a research note on Friday, January 30th. 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 note on Thursday, January 29th. Northland Securities downgraded shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price for the company. in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus price target of $68.14.

Calix Stock Performance

Shares of CALX stock opened at $42.49 on Wednesday. The stock’s 50-day moving average is $50.77 and its two-hundred day moving average is $54.52. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 88.52 and a beta of 1.53. Calix has a 1 year low of $36.25 and a 1 year high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. Calix had a return on equity of 4.20% and a net margin of 3.20%.The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, research analysts predict that Calix will post 0.87 EPS for the current year.

Calix announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 28th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Calix

A number of hedge funds and other institutional investors 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 in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Calix during the 2nd quarter worth approximately $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 in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Calix by 125.4% during the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 365 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Calix

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.