Calix (NYSE:CALX) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Calix (NYSE:CALX) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. Zacks Research upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Craig Hallum set a $60.00 target price on shares of Calix in a report on Friday, January 30th. Finally, Roth Mkm set a $85.00 price target on shares of Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average target price of $77.50.

Calix Stock Up 5.0%

Shares of NYSE:CALX opened at $53.19 on Friday. The firm has a market cap of $3.53 billion, a P/E ratio of 212.77 and a beta of 1.56. Calix has a 12-month low of $28.60 and a 12-month high of $71.22. The business has a fifty day simple moving average of $53.81 and a 200 day simple moving average of $57.60.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Calix had a return on equity of 2.31% and a net margin of 1.79%.The firm had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts expect that Calix will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 28th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to repurchase up to 3.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Calix

Several institutional investors have recently added to or reduced their stakes in the company. SouthState Corp increased its stake in shares of Calix by 10,000.0% during 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 during the period. Clearstead Advisors LLC boosted its holdings in Calix by 139.3% in the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 255 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Calix by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Calix in the second quarter worth approximately $30,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Calix in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Company Profile

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.