Needham & Company LLC Cuts Calix (NYSE:CALX) Price Target to $62.00

Calix (NYSE:CALX) had its target price reduced by Needham & Company LLC from $70.00 to $62.00 in a research note published on Thursday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the communications equipment provider’s stock.

CALX has been the subject of a number of other research reports. Zacks Research cut Calix from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Craig Hallum set a $60.00 price objective on Calix in a research report on Friday, January 30th. Northland Securities cut Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective for the company. in a research report on Wednesday. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Calix Trading Up 1.4%

Calix stock opened at $43.27 on Thursday. The stock has a market cap of $2.76 billion, a PE ratio of 90.15 and a beta of 1.53. The stock has a 50-day moving average price of $50.38 and a 200 day moving average price of $54.29. Calix has a 52 week low of $38.54 and a 52 week high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $279.98 million during the quarter, compared to analysts’ expectations of $277.50 million. Calix had a return on equity of 4.30% and a net margin of 3.20%.The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, equities analysts predict that Calix will post 0.87 EPS for the current year.

Calix announced that its board has approved a stock repurchase plan on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Calix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CALX. Clearstead Advisors LLC grew its holdings in Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 255 shares during the period. Farther Finance Advisors LLC grew its holdings in Calix by 63.0% in the 4th 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 stake in Calix in the 2nd quarter valued at about $30,000. Whittier Trust Co. grew its holdings in Calix by 541.0% in the 3rd 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 during the period. Finally, 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. 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: Board expands share repurchase authorization by $100M, increasing capital-return optionality and supporting the stock. Article Title
• Positive Sentiment: Wall Street buy-side support: Needham and Rosenblatt reaffirmed bullish views (Needham kept a Buy rating; Rosenblatt reaffirmed Buy), helping demand despite mixed headlines. Article Title Article Title
• Neutral Sentiment: Q1 results beat consensus (EPS and revenue), and management set Q2 guidance — a positive top-line growth signal but the earnings call highlighted margin compression that could temper near-term profitability. Market reaction has been mixed. Article Title
• Neutral Sentiment: Analysts modestly tweaked quarterly EPS estimates: Northland trimmed Q3 to $0.23 and nudged Q4 to $0.25 while assigning a Market Perform / Hold and $52 target — small estimate moves that signal caution but not a major directional shift. Article Title
• Negative Sentiment: Price-target cuts from some brokers: JPMorgan lowered its target to $65 and Needham trimmed its target to $62 (while keeping a Buy), which can cap upside and signal less near-term enthusiasm. Article Title Article Title
• Negative Sentiment: Regulatory risk increased: reports highlight rising FCC and Homeland Security scrutiny that could raise compliance costs, pressure margins, or push customers to competitors over security/regulatory requirements. This is a structural risk investors will watch closely. Article Title
• Negative Sentiment: Legal risk: a securities fraud investigation was announced, which can create headline risk and investor uncertainty until resolved. Article Title

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.