Calix, Inc (NYSE:CALX) Given Consensus Rating of "Moderate Buy" by Brokerages

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 been assigned an average rating of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $59.25.

CALX has been the topic of several research analyst reports. Wall Street Zen raised Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. raised their price objective on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Wolfe Research started coverage on Calix in a research note on Monday, July 7th. They set a "peer perform" rating on the stock. Needham & Company LLC lifted their price target on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Rosenblatt Securities lifted their price target on Calix from $56.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd.

Calix Stock Down 2.8%

Calix stock traded down $1.79 during mid-day trading on Wednesday, hitting $61.49. 521,124 shares of the company's stock were exchanged, compared to its average volume of 507,493. The firm has a market capitalization of $4.02 billion, a P/E ratio of -153.72 and a beta of 1.35. Calix has a fifty-two week low of $28.60 and a fifty-two week high of $63.70. The company's 50 day simple moving average is $56.84 and its 200-day simple moving average is $46.43.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping 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 return on equity of 3.21% and a negative net margin of 3.09%.The firm's revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts expect that Calix will post -0.43 EPS for the current year.

Insider Activity

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $55.40, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock worth $3,065,000 in the last three months. Company insiders own 16.90% of the company's stock.

Institutional Inflows and Outflows

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

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.