Roth Capital Boosts Calix (NYSE:CALX) Price Target 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 target price lifted by equities researchers at Roth Capital from $60.00 to $69.00 in a research report issued on Monday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the communications equipment provider's stock. Roth Capital's target price would indicate a potential upside of 9.30% from the stock's previous close.

A number of other research analysts also recently weighed in on CALX. Rosenblatt Securities lifted their price target 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 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 target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wolfe Research started coverage on shares of Calix in a report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. boosted 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

Calix Trading Down 1.4%

Shares of NYSE CALX traded down $0.91 during mid-day trading on Monday, reaching $63.13. The company had a trading volume of 1,577,190 shares, compared to its average volume of 481,073. The company has a 50-day moving average price of $57.89 and a two-hundred day moving average price of $47.32. The stock has a market cap of $4.12 billion, a PE ratio of -157.82 and a beta of 1.35. Calix has a 1-year low of $28.60 and a 1-year high of $64.30.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly 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. 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 during the quarter, compared to the consensus estimate of $223.81 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm's quarterly revenue was up 22.1% on a year-over-year basis. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, research analysts expect that Calix will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Cory Sindelar sold 10,000 shares of the company's 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carl Russo sold 25,000 shares of the company's stock in a transaction 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 sale, the director owned 2,114,188 shares of the company's stock, 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 55,000 shares of company stock worth $3,065,000 over the last ninety days. 16.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Calix

A number of large investors have recently bought and sold shares of the business. State of Wyoming boosted its holdings in Calix by 213.5% in the second quarter. State of Wyoming now owns 9,272 shares of the communications equipment provider's stock worth $493,000 after purchasing an additional 6,314 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Calix by 5.1% in the second quarter. Public Sector Pension Investment Board now owns 196,704 shares of the communications equipment provider's stock worth $10,463,000 after purchasing an additional 9,515 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Calix in the second quarter worth $223,000. Tower Research Capital LLC TRC boosted its holdings in Calix by 914.2% in the second quarter. Tower Research Capital LLC TRC now owns 8,550 shares of the communications equipment provider's stock worth $455,000 after purchasing an additional 7,707 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new stake in Calix in the second quarter worth $237,000. 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.