Calix, Inc (NYSE:CALX) Receives Average Recommendation of “Moderate Buy” from Analysts

Calix, Inc (NYSE:CALX) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $77.50.

CALX has been the topic of a number of research analyst reports. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Calix in a research note on Tuesday, January 27th. Needham & Company LLC decreased their price objective 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. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Finally, Zacks Research downgraded shares of Calix from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th.

Calix Trading Down 1.8%

Shares of Calix stock opened at $50.11 on Friday. The company has a 50-day moving average of $52.32 and a two-hundred day moving average of $56.21. Calix has a 12-month low of $29.50 and a 12-month high of $71.22. The stock has a market cap of $3.29 billion, a PE ratio of 200.46 and a beta of 1.49.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company earned $0.08 EPS. The company’s quarterly revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts forecast that Calix will post -0.43 EPS for the current fiscal year.

Calix announced that its board has initiated a share repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Calix

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of Calix by 11.0% during the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after acquiring an additional 2,773 shares during the last quarter. AQR Capital Management LLC raised its stake in Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after purchasing an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Calix by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after purchasing an additional 16,905 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after purchasing an additional 6,962 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Calix by 40.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the communications equipment provider’s stock worth $154,000 after purchasing an additional 841 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.