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

Key Points

• The average price target for Calix, Inc (NYSE:CALX) is set at $59.25, with a consensus rating of "Moderate Buy" from six brokerages, including four buy ratings and two hold ratings.
• Calix reported a 22.1% increase in quarterly revenue year-over-year, achieving $241.90 million, and EPS of $0.33, surpassing analysts' expectations.
• Insider transactions have included significant sales by CFO Cory Sindelar and Director Carl Russo, totaling 35,000 shares sold over the past few months, indicating a decrease in their ownership percentages.

Calix, Inc (NYSE:CALX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $59.25.

A number of analysts have recently weighed in on CALX shares. Rosenblatt Securities raised their price target on shares of Calix from $56.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Wolfe Research started coverage on shares of Calix in a research report on Monday, July 7th. They issued a "peer perform" rating for the company. Needham & Company LLC increased their price objective on shares of Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective 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.

Insider Activity at Calix

In other news, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 76,555 shares of the company's stock, valued at approximately $4,593,300. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl Russo sold 25,000 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the transaction, the director directly owned 2,114,188 shares in the company, valued at $117,126,015.20. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock valued at $3,065,000 over the last ninety days. 16.90% of the stock is currently owned by insiders.

Institutional Trading of Calix

Several institutional investors and hedge funds have recently bought and sold shares of CALX. Northern Trust Corp lifted its stake in Calix by 9.4% during the 4th quarter. Northern Trust Corp now owns 632,486 shares of the communications equipment provider's stock valued at $22,055,000 after acquiring an additional 54,136 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Calix during the 4th quarter valued at approximately $208,000. BNP Paribas Financial Markets lifted its stake in Calix by 102.4% during the 4th quarter. BNP Paribas Financial Markets now owns 51,004 shares of the communications equipment provider's stock valued at $1,779,000 after acquiring an additional 25,800 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in Calix during the 4th quarter valued at approximately $3,844,000. Finally, Graham Capital Management L.P. acquired a new stake in Calix during the 4th quarter valued at approximately $689,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Trading Down 2.8%

Shares of NYSE:CALX traded down $1.79 during trading on Wednesday, reaching $61.49. The stock had a trading volume of 521,124 shares, compared to its average volume of 505,480. Calix has a one year low of $28.60 and a one year high of $63.70. The company has a market capitalization of $4.02 billion, a P/E ratio of -153.72 and a beta of 1.35. The firm's 50-day simple moving average is $56.84 and its 200 day simple moving average is $46.56.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $241.90 million for the quarter, compared to analysts' expectations of $223.81 million. During the same period last year, the business earned $0.09 EPS. The company's revenue was up 22.1% compared to the same quarter last year. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Equities research analysts forecast that Calix will post -0.43 earnings per share for the current fiscal year.

About Calix

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.