Calix (NYSE:CALX) Rating Lowered to “Hold” at Zacks Research

Calix (NYSE:CALX) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

CALX has been the topic of several other research reports. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research report on Thursday, January 15th. Craig Hallum set a $60.00 price objective on Calix in a research note on Friday, January 30th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Calix in a report on Tuesday, January 27th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix Trading Down 1.0%

Calix stock opened at $50.96 on Monday. Calix has a 1-year low of $29.50 and a 1-year high of $71.22. The company has a fifty day simple moving average of $52.77 and a 200 day simple moving average of $56.64. The company has a market cap of $3.34 billion, a P/E ratio of 203.83 and a beta of 1.49.

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

Calix announced that its Board of Directors has initiated a share buyback plan on Wednesday, January 28th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Calix

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of Calix by 1.0% in the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after purchasing an additional 23,022 shares during the last quarter. Congress Asset Management Co. increased its stake in shares of Calix by 3.2% during the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after purchasing an additional 45,258 shares during the period. Geode Capital Management LLC lifted its holdings in Calix by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after purchasing an additional 74,235 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Calix by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock worth $86,515,000 after purchasing an additional 61,247 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Calix by 214.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after purchasing an additional 868,987 shares during the period. 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.