Calix, Inc (NYSE:CALX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Calix, Inc. has received a consensus recommendation of "Moderate Buy" from six research firms, with two analysts suggesting a hold and four recommending a buy.
• The average 12-month price target for Calix shares among analysts is $59.25, with recent upgrades pushing target prices as high as $70.00.
• Calix's quarterly earnings report showed a significant revenue increase of 22.1% year-over-year, with the company beating earnings expectations by $0.41 per share.

Calix, Inc (NYSE:CALX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $59.25.

CALX has been the topic of several recent research reports. Needham & Company LLC upped their price objective on shares of Calix from $60.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wolfe Research initiated coverage on shares of Calix in a report on Monday, July 7th. They issued a "peer perform" rating 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. JPMorgan Chase & Co. raised their price target on shares of Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Roth Capital set a $50.00 price target on shares of Calix and gave the company a "buy" rating in a research report on Tuesday, April 22nd.

Calix Trading Up 0.3%

Shares of CALX stock traded up $0.1540 during trading hours on Friday, hitting $56.5740. The company's stock had a trading volume of 763,492 shares, compared to its average volume of 714,087. The company has a 50 day moving average of $53.30 and a 200 day moving average of $44.09. The stock has a market cap of $3.69 billion, a PE ratio of -141.43 and a beta of 1.27. Calix has a 12-month low of $28.60 and a 12-month high of $59.30.

Calix (NYSE:CALX - Get Free Report) last released 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. The business had revenue of $241.90 million for the quarter, compared to the consensus estimate of $223.81 million. Calix had a negative net margin of 3.09% and a negative return on equity of 3.21%. The business's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, analysts anticipate that Calix will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 25,000 shares of the firm's stock in a transaction 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 in the company, valued at approximately $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the chief financial officer owned 76,285 shares in the company, valued at approximately $4,271,960. This represents a 11.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock worth $2,465,000. 16.90% of the stock is owned by company insiders.

Institutional Trading of Calix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SouthState Corp grew its position in Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider's stock valued at $27,000 after buying an additional 500 shares during the period. Raymond James Financial Inc. purchased a new position in Calix during the second quarter valued at $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Calix during the second quarter valued at $36,000. Meeder Asset Management Inc. purchased a new position in Calix during the first quarter valued at $28,000. Finally, Signaturefd LLC lifted its holdings in Calix by 91.1% during the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock valued at $36,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

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.