Calix (NYSE:CALX) Hits New 1-Year High - Here's Why

Key Points

• Calix, Inc's stock reached a new 52-week high of $63.00, closing at $62.98 with 731,143 shares traded.
• Analysts have set new price targets for Calix, with JPMorgan increasing their target to $52.00 and Needham raising theirs to $70.00, contributing to an average target price of $59.25.
• Calix reported an earnings per share (EPS) of $0.33 in the last quarter, significantly exceeding the consensus estimate of ($0.08), and expects to achieve 0.310-0.371 EPS for Q3 2025.

Shares of Calix, Inc (NYSE:CALX - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.00 and last traded at $62.98, with a volume of 731143 shares trading hands. The stock had previously closed at $61.67.

Analyst Upgrades and Downgrades

CALX has been the subject of a number of analyst reports. Rosenblatt Securities lifted their target price on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Needham & Company LLC lifted their target price on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Roth Capital lifted their price target on shares of Calix from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Monday. Wall Street Zen upgraded shares of Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, Wolfe Research began coverage on shares of Calix in a report on Monday, July 7th. They set a "peer perform" rating for the company. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Calix currently has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Calix Price Performance

The stock has a market cap of $3.99 billion, a P/E ratio of -152.72 and a beta of 1.35. The firm's fifty day moving average price is $57.01 and its two-hundred day moving average price is $46.73.

Calix (NYSE:CALX - Get Free Report) last released its earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.41. The business had revenue of $241.90 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, research analysts expect that Calix, Inc will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, July 28th. The shares were 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 directly owned 2,114,188 shares in the company, valued at approximately $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Cory Sindelar sold 10,000 shares of Calix 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 transaction, the chief financial officer owned 76,555 shares of the company's stock, valued at $4,593,300. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,000 shares of company stock worth $3,065,000. 16.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Calix

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Calix by 2.4% during the first quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider's stock valued at $10,438,000 after acquiring an additional 7,030 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Calix during the first quarter valued at approximately $922,000. American Century Companies Inc. increased its position in shares of Calix by 22.8% during the first quarter. American Century Companies Inc. now owns 144,323 shares of the communications equipment provider's stock valued at $5,115,000 after acquiring an additional 26,778 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Calix by 50.4% during the first quarter. Russell Investments Group Ltd. now owns 107,313 shares of the communications equipment provider's stock valued at $3,803,000 after acquiring an additional 35,976 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Calix in the fourth quarter worth approximately $3,844,000. Institutional investors own 98.14% of the company's stock.

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.