Calix, Inc (NYSE:CALX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Calix a “Moderate Buy” consensus: Seven of nine brokerages rate the stock a buy, while two recommend holding it. The average 12-month price target is $63.86, well above the reported share price of $35.17.
• Calix exceeded quarterly expectations: The company reported adjusted EPS of $0.47 versus a $0.40 consensus estimate, while revenue reached $293.33 million, up 21.3% year over year and ahead of estimates.
• Insider and institutional activity was mixed: Director Carl Russo sold 75,000 shares under a pre-arranged trading plan, while several institutional investors increased or initiated positions. Institutions collectively own 98.14% of Calix’s shares.

Shares of Calix, Inc (NYSE:CALX - Get Free Report) have earned an average rating of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $63.8571.

CALX has been the topic of a number of research analyst reports. Northland Securities upgraded shares of Calix from a "market perform" rating to an "outperform" rating and set a $52.00 target price on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. cut their price target on shares of Calix from $65.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Roth Capital reissued a "buy" rating on shares of Calix in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Calix from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Finally, Rosenblatt Securities dropped their price objective on shares of Calix from $70.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, July 21st.

Calix Trading Up 0.1%

CALX opened at $35.17 on Friday. Calix has a 1-year low of $33.95 and a 1-year high of $71.22. The company has a market cap of $2.21 billion, a P/E ratio of 47.53 and a beta of 1.25. The company has a fifty day moving average price of $37.60 and a two-hundred day moving average price of $41.64.

Calix (NYSE:CALX - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company's quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, research analysts forecast that Calix will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the transaction, the director directly owned 1,569,188 shares in the company, valued at $56,804,605.60. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company's stock.

Institutional Trading of Calix

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in Calix during the 2nd quarter valued at $126,000. Nykredit A S purchased a new position in shares of Calix in the second quarter valued at about $105,000. HighTower Advisors LLC raised its stake in shares of Calix by 37.8% during the second quarter. HighTower Advisors LLC now owns 164,210 shares of the communications equipment provider's stock valued at $6,128,000 after acquiring an additional 45,081 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Calix during the second quarter valued at about $1,641,000. Finally, AXQ Capital LP raised its stake in shares of Calix by 353.7% during the second quarter. AXQ Capital LP now owns 37,827 shares of the communications equipment provider's stock valued at $1,412,000 after acquiring an additional 29,490 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Calix Company Profile

Calix, Inc is a communications technology company that provides broadband access systems, cloud software and managed services to communications service providers. Its solutions are designed to help service providers deploy, manage and monetize broadband networks while delivering services to residential, business and community customers.

The company's portfolio includes the AXOS broadband platform, which supports fiber, fixed wireless and other access technologies, as well as Calix Cloud software for network management, analytics and operational insights.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.