Calix, Inc (NYSE:CALX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Calix, with seven buy ratings and two holds among nine firms. The average 12-month price target is $63.86, though several analysts recently lowered their targets.
• Calix’s latest quarterly results exceeded expectations, with EPS of $0.47 versus the $0.40 consensus and revenue of $293.33 million, up 21.3% year over year. The company guided for third-quarter EPS of $0.37–$0.45.
• CALX opened at $39.88, well below its 12-month high of $71.22. Institutional investors own 98.14% of the stock, while director Carl Russo recently sold 75,000 shares under a pre-arranged trading plan.

Calix, Inc (NYSE:CALX - Get Free Report) has earned an average rating of "Moderate Buy" from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $63.8571.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Calix from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded Calix from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Rosenblatt Securities decreased their price objective on Calix from $70.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Zacks Research upgraded Calix from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen downgraded Calix from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th.

Calix Trading Up 0.2%

CALX opened at $39.88 on Wednesday. Calix has a 12-month low of $34.26 and a 12-month high of $71.22. The firm has a 50 day moving average of $38.09 and a two-hundred day moving average of $43.70. The firm has a market capitalization of $2.51 billion, a PE ratio of 53.89 and a beta of 1.24.

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

Insider Transactions at Calix

In other Calix news, Director Carl Russo sold 75,000 shares of the business'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 value of $2,715,000.00. Following the completion of the transaction, the director directly owned 1,569,188 shares of the company's stock, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company's stock.

Institutional Investors Weigh In On Calix

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Calix in the 2nd quarter valued at $439,461,000. California State Teachers Retirement System boosted its holdings in Calix by 3,531.9% during the second quarter. California State Teachers Retirement System now owns 2,772,764 shares of the communications equipment provider's stock worth $103,480,000 after buying an additional 2,696,420 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Calix during the fourth quarter valued at $57,915,000. Paradigm Capital Management Inc. NY acquired a new stake in Calix during the second quarter valued at $37,213,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider's stock valued at $78,212,000 after buying an additional 868,987 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

About Calix

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company's flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.

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