Calix (NYSE:CALX) Price Target Raised to $69.00

Key Points

• Roth Capital raised Calix's price target from $60.00 to $69.00, indicating a potential upside of 11.56% from its previous close.
• Calix reported an earnings per share (EPS) of $0.33, significantly beating estimates and reflecting a 22.1% year-over-year revenue increase.
• Insiders have sold a total of 55,000 shares valued at approximately $3.06 million over the past 90 days, representing a notable transaction by CFO Cory Sindelar and Director Carl Russo.

Calix (NYSE:CALX - Get Free Report) had its price objective boosted by Roth Capital from $60.00 to $69.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the communications equipment provider's stock. Roth Capital's target price points to a potential upside of 11.56% from the company's previous close.

Several other research firms have also commented on CALX. Rosenblatt Securities increased 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. Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. raised 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. Wolfe Research began coverage on shares of Calix in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, Needham & Company LLC lifted their price objective on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.00.

Calix Stock Performance

Shares of Calix stock traded up $0.38 during trading hours on Monday, reaching $61.85. 235,862 shares of the company were exchanged, compared to its average volume of 737,190. Calix has a 1 year low of $28.60 and a 1 year high of $63.70. The stock's fifty day moving average is $56.84 and its 200 day moving average is $46.56. The firm has a market cap of $4.04 billion, a PE ratio of -154.42 and a beta of 1.35.

Calix (NYSE:CALX - Get Free Report) last posted its earnings results 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 firm had revenue of $241.90 million for 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%.Calix's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. Research analysts expect that Calix will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction 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 trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carl Russo sold 25,000 shares of the firm'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 sale, the director owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,000 shares of company stock valued at $3,065,000 over the last 90 days. 16.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SouthState Corp grew its position in Calix by 10,000.0% in 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 last quarter. Meeder Asset Management Inc. bought a new position in Calix during the 1st quarter valued at about $28,000. Raymond James Financial Inc. bought a new position in Calix during the 2nd quarter valued at about $30,000. Signaturefd LLC lifted its holdings in Calix by 91.1% during the 1st 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 during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Calix in the second quarter worth about $36,000. 98.14% of the stock is currently 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.

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