Calix, Inc (CALX) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts are moderately bullish: Five of seven firms rate Calix a Buy, while two recommend Hold; the average 12-month price target is $55.80. Recent views are mixed, including Northland’s upgrade to Outperform and a pessimistic forecast from JPMorgan.
• Latest results were mixed: Calix reported quarterly EPS of $0.44, ahead of the $0.42 estimate, and revenue rose 13.7% year over year, but revenue fell short of analysts’ forecast.
• Growth prospects face risks: The article cites the company’s AI push and revenue growth as potential positives, while rising FCC regulatory risks could affect router approvals and future firmware updates.

Shares of Calix, Inc (NYSE:CALX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $55.80.

Several equities analysts recently commented on CALX shares. Northland Securities raised shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 price objective for the company in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of Calix from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Weiss Ratings lowered shares of Calix from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, October 26th. Zacks Research raised shares of Calix from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $55.00 price target on shares of Calix in a report on Wednesday, November 4th.

Calix Trading Down 0.1%

NYSE CALX opened at $30.58 on Monday. The firm's fifty day simple moving average is $35.60 and its two-hundred day simple moving average is $42.07. The firm has a market capitalization of $1.89 billion, a P/E ratio of 44.97 and a beta of 1.21. Calix has a 12-month low of $30.55 and a 12-month high of $65.00.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The communications equipment provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Calix had a return on equity of 5.67% and a net margin of 3.99%. The firm had revenue of $301.71 million during the quarter, compared to analyst estimates of $304.23 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business's revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, sell-side analysts predict that Calix will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Calix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in Calix during the 2nd quarter worth about $31,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Calix by 254.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 878 shares of the communications equipment provider's stock valued at $30,000 after buying an additional 630 shares during the last quarter. Covestor Ltd raised its stake in shares of Calix by 85.4% during the 3rd quarter. Covestor Ltd now owns 1,446 shares of the communications equipment provider's stock valued at $49,000 after buying an additional 666 shares during the last quarter. OV Management LLC acquired a new position in shares of Calix in the 2nd quarter valued at about $62,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Calix by 827.9% in the 3rd quarter. Sterling Capital Management LLC now owns 1,930 shares of the communications equipment provider's stock valued at $66,000 after buying an additional 1,722 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities reiterated an Outperform rating and a $52 price target, estimating 2027 quarterly EPS of $0.33, $0.40, $0.47 and $0.48. The forecasts point to improving earnings through the year and provide a positive analyst signal. Northland Securities estimates and rating
• Positive Sentiment: A report highlights record revenue and Calix’s AI push as potential growth drivers, supporting the longer-term opportunity. Record Revenue And AI Push Could Be A Game Changer For Calix
• Positive Sentiment: Rosenblatt Securities reportedly maintained its Buy rating, indicating continued analyst support. Calix Stock Keeps Buy Rating at Rosenblatt Securities
• Negative Sentiment: JPMorgan issued a forecast described as pessimistic, adding a cautious analyst view. The available report does not specify the price target or reasoning. JPMorgan Issues Pessimistic Forecast for Calix
• Negative Sentiment: Calix disclosed rising FCC regulatory risks that could constrain router approvals and post-2029 firmware updates, potentially affecting product availability or support. Calix Faces Rising FCC Regulatory Risks

About Calix

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company's offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.

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