Calix (NYSE:CALX) Upgraded at Wall Street Zen

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

Other analysts have also issued reports about the company. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Craig Hallum set a $60.00 target price on Calix in a research report on Friday, January 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price target on shares of Calix in a report on Tuesday, March 31st. Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.00.

Calix Trading Up 0.1%

Shares of NYSE:CALX opened at $46.40 on Monday. The firm has a market cap of $3.00 billion, a PE ratio of 185.59 and a beta of 1.53. The company has a fifty day simple moving average of $51.45 and a 200 day simple moving average of $55.67. Calix has a 12-month low of $29.50 and a 12-month high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm’s revenue was up 32.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts forecast that Calix will post -0.43 EPS for the current fiscal year.

Calix declared that its board has initiated a stock buyback program on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Calix

Several institutional investors have recently bought and sold shares of CALX. Clearstead Advisors LLC increased its stake in Calix by 139.3% during 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 lifted its stake in shares of Calix by 63.0% in 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 during the period. Raymond James Financial Inc. bought a new position in shares of Calix in the second quarter valued at approximately $30,000. Whittier Trust Co. boosted its holdings in shares of Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 541 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Calix by 24,733.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock valued at $39,000 after acquiring an additional 742 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.