Calix (NYSE:CALX) Price Target Cut to $58.00 by Analysts at JPMorgan Chase & Co.

Calix (NYSE:CALX) had its price target decreased by JPMorgan Chase & Co. from $65.00 to $58.00 in a research report released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the communications equipment provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Rosenblatt Securities dropped their price objective on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday. Roth Capital reiterated a “buy” rating on shares of Calix in a research note on Tuesday. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Needham & Company LLC cut their price target on Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Weiss Ratings cut shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Calix Stock Down 4.1%

Shares of NYSE:CALX opened at $35.92 on Wednesday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 48.55 and a beta of 1.23. Calix has a 52 week low of $34.26 and a 52 week high of $71.22. The firm has a 50 day moving average of $38.45 and a 200 day moving average of $46.25.

Calix (NYSE:CALX) last announced its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. Calix’s revenue was up 21.3% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, sell-side analysts expect that Calix will post 0.83 EPS for the current year.

Calix declared that its board has approved a stock repurchase program on Tuesday, April 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the communications equipment provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director owned 1,644,188 shares in the company, valued at approximately $71,127,572.88. This represents a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Institutional Trading of Calix

A number of large investors have recently bought and sold shares of CALX. LVW Advisors LLC raised its position in Calix by 2.0% during the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock worth $511,000 after buying an additional 188 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Calix by 63.0% in 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in Calix by 27.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after purchasing an additional 265 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Calix by 3.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock worth $466,000 after buying an additional 270 shares during the last quarter. Finally, Vident Advisory LLC raised its position in Calix by 2.8% during the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after acquiring an additional 287 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported strong Q2 results, beating estimates with revenue of $293.3 million and EPS of $0.47, supported by record software gains and growth in recurring services. Analysts at JPMorgan and Northland also maintained bullish views, even as they trimmed price targets. Calix Inc (CALX) Q2 2026 Earnings Call Highlights: Record Revenue and Strategic Growth Amid …
• Neutral Sentiment: The company’s AI-broadband strategy and broader push into software and recurring revenue remain a long-term growth story, but investors are still weighing execution and margin pressure. Calix AI Broadband Strategy Shows Where Fiber Networks Are Heading
• Neutral Sentiment: Multiple law firms issued deadline reminders about an already filed securities class action, with the lead plaintiff deadline set for July 27, 2026. These notices do not change fundamentals, but they can keep sentiment fragile until the case progresses. CALX DEADLINE ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Calix, Inc. Investors to Secure Counsel Before Important July 27 Deadline in Securities Class Action – CALX
• Neutral Sentiment: Calix also faced mixed analyst commentary, including a JPMorgan price-target cut and a Zacks downgrade, although both still highlighted meaningful upside from current levels. Analyst rating and price target updates
• Negative Sentiment: The biggest near-term concern is margin compression: management warned that rising memory costs tied to AI demand are pressuring gross margins in Q3, overshadowing the strong revenue beat and helping drive the stock lower. Calix Slides as Margin Outlook Overshadows Record Q2 Results

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.