Calix (NYSE:CALX) Hits New 52-Week High - Time to Buy?

Key Points

• Calix, Inc (NYSE:CALX) reached a new 52-week high of $63.82 during trading, reflecting strong investor interest with a trading volume of 162,480 shares.
• Analysts have shown positive sentiment toward Calix, with multiple firms raising their price targets; Needham & Company set a target at $70.00, while Wall Street Zen upgraded the stock to a "strong-buy" rating.
• Calix reported a quarterly EPS of $0.33, significantly exceeding expectations, and its revenue rose 22.1% year-over-year, indicating robust financial performance.

Calix, Inc (NYSE:CALX - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.82 and last traded at $63.79, with a volume of 162480 shares. The stock had previously closed at $61.33.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Rosenblatt Securities upped their target price on Calix from $56.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Roth Capital increased their price objective on Calix from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Wall Street Zen raised Calix from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Needham & Company LLC increased their price objective on Calix from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Calix Price Performance

The firm has a 50-day moving average price of $57.89 and a 200 day moving average price of $47.51.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results 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 company had revenue of $241.90 million during the quarter, compared to analyst estimates of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.The business's revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts expect that Calix, Inc will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares in the company, valued at $117,126,015.20. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value 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 55,000 shares of company stock valued at $3,065,000 in the last 90 days. Insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Calix

Institutional investors and hedge funds have recently modified their holdings of the stock. SouthState Corp raised its position in shares of Calix by 10,000.0% during the second 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. Meeder Asset Management Inc. purchased a new position in shares of Calix during the first quarter valued at $28,000. Raymond James Financial Inc. purchased a new position in shares of Calix during the second quarter valued at $30,000. Signaturefd LLC grew its holdings in shares of 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 buying an additional 480 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Calix during the second quarter valued at $36,000. 98.14% of the stock is owned by institutional investors and hedge funds.

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.