Calix, Inc (NYSE:CALX) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Calix, Inc. has received a consensus recommendation of "Hold" from eight research firms, with one sell rating, three hold ratings, and four buy ratings.
• Several analysts have adjusted their price targets for Calix, with estimates now ranging up to $70.00, while Zacks Research has downgraded it from a "strong-buy" to a "hold" rating.
• Insider trades revealed significant selling activity, including a sale of 25,000 shares by Director Carl Russo, reducing his position by 1.17%.

Shares of Calix, Inc (NYSE:CALX - Get Free Report) have been assigned an average recommendation of "Hold" from the eight research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $64.00.

Several equities analysts recently weighed in on the stock. Rosenblatt Securities increased their price target on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wolfe Research assumed coverage on shares of Calix in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. Needham & Company LLC increased their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Zacks Research downgraded shares of Calix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the sale, the director owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 76,555 shares in the company, valued at $4,593,300. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $2,545,000 in the last ninety days. Corporate insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Calix

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Calix by 12.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider's stock worth $102,000 after purchasing an additional 190 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Calix by 27.0% during the 2nd 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 period. Signaturefd LLC grew its stake in shares of Calix by 36.0% during the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the communications equipment provider's stock worth $73,000 after purchasing an additional 363 shares during the period. Atria Investments Inc grew its stake in shares of Calix by 4.6% during the 2nd quarter. Atria Investments Inc now owns 9,384 shares of the communications equipment provider's stock worth $499,000 after purchasing an additional 416 shares during the period. Finally, SouthState Corp grew its stake in shares of Calix by 10,000.0% during the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider's stock worth $27,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Calix Stock Down 2.2%

Shares of Calix stock opened at $59.59 on Friday. The firm has a market capitalization of $3.89 billion, a P/E ratio of -148.98 and a beta of 1.32. The company has a 50 day moving average price of $59.50 and a 200 day moving average price of $49.41. Calix has a 52 week low of $28.60 and a 52 week high of $64.30.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.41. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The firm had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. During the same period last year, the firm posted $0.09 EPS. Calix's revenue was up 22.1% on a year-over-year basis. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, research analysts anticipate that Calix will post -0.43 earnings per share for the current fiscal year.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

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