Wall Street Zen Upgrades Calix (NYSE:CALX) to “Strong-Buy”

Calix (NYSE:CALX) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Other equities research analysts also recently issued reports about the stock. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Calix in a report on Tuesday, January 27th. Needham & Company LLC decreased their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a research note on Thursday, January 15th. Zacks Research downgraded Calix from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Craig Hallum set a $60.00 price objective on Calix in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Calix Stock Down 0.5%

Shares of NYSE:CALX opened at $50.36 on Friday. The company has a market capitalization of $3.30 billion, a P/E ratio of 201.44 and a beta of 1.49. Calix has a 52-week low of $29.50 and a 52-week high of $71.22. The stock’s fifty day simple moving average is $52.73 and its 200-day simple moving average is $56.50.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $272.40 million during the quarter, compared to analysts’ expectations of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The firm’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts anticipate that Calix will post -0.43 earnings per share for the current year.

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

Institutional Investors Weigh In On Calix

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in Calix by 24,733.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after purchasing an additional 742 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Calix by 79.5% during the 4th quarter. Pacer Advisors Inc. now owns 6,520 shares of the communications equipment provider’s stock valued at $345,000 after acquiring an additional 2,888 shares in the last quarter. Invesco Ltd. lifted its stake in Calix by 19.9% during the fourth quarter. Invesco Ltd. now owns 577,771 shares of the communications equipment provider’s stock worth $30,581,000 after purchasing an additional 95,738 shares during the last quarter. Strive Financial Group LLC bought a new position in Calix during the fourth quarter worth $40,000. Finally, Vident Advisory LLC boosted its holdings in Calix by 2.8% in the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after purchasing an additional 287 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.