Weiss Ratings Reaffirms "Sell (D)" Rating for Calix (NYSE:CALX)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Calix (NYSE: CALX), indicating ongoing concerns about the stock's performance.
• Despite the "Sell" rating, other analysts, including Roth Capital and Needham & Company LLC, have issued "buy" ratings with target prices raised to between $69.00 and $70.00.
• Calix's stock recently rose 2.2% to $59.98, with the company reporting a strong quarterly performance, including a 22.1% increase in revenue year-over-year.

Calix (NYSE:CALX - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently commented on the company. Roth Capital increased their target price on Calix from $60.00 to $69.00 and gave the company a "buy" rating in a report on Monday, September 15th. Needham & Company LLC raised their price objective on Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wolfe Research began coverage on Calix in a report on Monday, July 7th. They set a "peer perform" rating on the stock. Wall Street Zen upgraded Calix from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. raised their price objective on Calix from $38.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Calix presently has a consensus rating of "Hold" and an average price target of $64.00.

Calix Stock Up 2.2%

CALX traded up $1.30 on Wednesday, hitting $59.98. 490,959 shares of the company traded hands, compared to its average volume of 721,396. The company has a 50 day moving average of $59.63 and a 200-day moving average of $49.74. The stock has a market capitalization of $3.92 billion, a PE ratio of -149.95 and a beta of 1.32. Calix has a 12-month low of $28.60 and a 12-month high of $64.30.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.41. The firm had revenue of $241.90 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. On average, research analysts anticipate that Calix will post -0.43 EPS for the current year.

Insider Transactions at Calix

In related news, CFO Cory Sindelar sold 10,000 shares of Calix stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 76,555 shares in the company, valued at approximately $4,593,300. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $55.40, for a total value of $1,385,000.00. Following the completion of the transaction, the director owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $2,545,000 over the last quarter. Insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Calix

A number of hedge funds have recently made changes to their positions in the business. SouthState Corp increased its holdings in shares of Calix by 10,000.0% in the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider's stock valued at $27,000 after buying an additional 500 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Calix during the 1st quarter worth approximately $28,000. Raymond James Financial Inc. purchased a new position in Calix during the 2nd quarter worth approximately $30,000. Signaturefd LLC grew its position in Calix by 91.1% during the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock worth $36,000 after purchasing an additional 480 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Calix during the 2nd quarter worth approximately $36,000. Institutional investors own 98.14% of the company's stock.

About Calix

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.

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