Calix, Inc (NYSE:CALX) Stock Has Consensus Target Price of $63.86 According to Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Calix, with seven buy ratings and two holds. The average 12-month price target is $63.86, well above the stock’s recent price of $35.98.
• Calix reported quarterly EPS of $0.47, beating estimates of $0.40, while revenue rose 21.3% year over year to $293.33 million. The company guided for third-quarter 2026 EPS of $0.37–$0.45.
• Institutional investors own 98.14% of Calix, while insiders hold 17.44%; director Carl Russo recently sold 75,000 shares for approximately $2.7 million under a pre-arranged trading plan.

Shares of Calix, Inc (NYSE:CALX - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $63.86.

CALX has been the topic of a number of research reports. Wall Street Zen downgraded shares of Calix from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. JPMorgan Chase & Co. cut their price objective on Calix from $65.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Roth Capital reaffirmed a "buy" rating on shares of Calix in a report on Tuesday, July 21st. Zacks Research raised Calix from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Calix from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 24th.

Insider Activity at Calix

In related news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction dated 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 owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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

Several institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new position in shares of Calix during the third quarter valued at approximately $213,000. Integrated Wealth Concepts LLC bought a new position in shares of Calix during the second quarter valued at approximately $126,000. Nykredit A S purchased a new stake in shares of Calix in the second quarter worth approximately $105,000. HighTower Advisors LLC raised its holdings in shares of Calix by 37.8% in the second quarter. HighTower Advisors LLC now owns 164,210 shares of the communications equipment provider's stock worth $6,128,000 after buying an additional 45,081 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Calix in the second quarter worth approximately $1,641,000. 98.14% of the stock is owned by institutional investors.

Calix Trading Down 0.9%

NYSE CALX opened at $35.98 on Thursday. Calix has a 12 month low of $32.35 and a 12 month high of $71.22. The stock's 50 day moving average is $36.68 and its 200 day moving average is $39.46. The stock has a market cap of $2.27 billion, a PE ratio of 48.62 and a beta of 1.32.

Calix (NYSE:CALX - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (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 firm had revenue of $293.33 million for the quarter, compared to analysts' expectations of $289.96 million. During the same quarter last year, the business posted $0.33 earnings per share. The company's revenue for the quarter 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, analysts forecast that Calix will post 0.89 EPS for the current fiscal year.

Calix Company Profile

Calix, Inc NYSE: CALX provides cloud and software platforms, broadband access systems, and related services to communications service providers. Its solutions are designed to help providers deploy, manage, and monetize broadband networks while improving the subscriber experience across residential, business, and community markets.

The company's offerings include the AXOS broadband access platform, Calix Cloud software, and a portfolio of hardware and subscriber-premises equipment. These products support fiber, fixed wireless, and other broadband networks and can provide capabilities such as network automation, analytics, Wi-Fi management, cybersecurity, and connected-home services.

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