Calix (NYSE:CALX) Downgraded by Wall Street Zen to Buy

Calix (NYSE:CALX) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Several other research analysts have also recently commented on the stock. Roth Mkm set a $85.00 target price on shares of Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. 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 research report on Thursday, January 29th. UBS Group restated an “outperform” rating and issued a $75.00 price objective on shares of Calix in a report on Friday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Calix in a research report on Tuesday, January 27th. Finally, Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Calix Price Performance

Shares of Calix stock opened at $53.19 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 212.77 and a beta of 1.56. Calix has a one year low of $28.60 and a one year high of $71.22. The stock’s 50-day moving average is $53.81 and its 200-day moving average is $57.58.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same quarter last year, the firm earned $0.08 EPS. Calix’s revenue for the quarter was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, equities analysts expect that Calix will post -0.43 EPS for the current year.

Calix announced that its board has initiated a share repurchase 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 reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Congress Asset Management Co. boosted its holdings in shares of Calix by 3.2% during the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after acquiring an additional 45,258 shares during the period. Alliancebernstein L.P. increased its stake in shares of Calix by 4.5% during the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after purchasing an additional 61,247 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Calix by 214.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after purchasing an additional 868,987 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Calix by 14.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,204,683 shares of the communications equipment provider’s stock valued at $64,077,000 after purchasing an additional 152,469 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in Calix by 14.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 913,698 shares of the communications equipment provider’s stock valued at $48,600,000 after buying an additional 117,239 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

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.