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

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

CALX has been the topic of several other research reports. Craig Hallum set a $60.00 target price on Calix in a research report on Friday, January 30th. Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Calix in a research note on Tuesday, January 27th. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Finally, 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. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix Stock Down 0.3%

CALX stock opened at $50.11 on Friday. Calix has a 52 week low of $29.50 and a 52 week high of $71.22. The firm has a 50-day simple moving average of $52.32 and a 200-day simple moving average of $56.17. The stock has a market capitalization of $3.29 billion, a P/E ratio of 200.46 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $267.36 million. During the same period last year, the company posted $0.08 EPS. Calix’s quarterly revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, analysts expect that Calix will post -0.43 earnings per share for the current year.

Calix declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 28th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Calix

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Calix during the 3rd quarter worth $1,528,000. Inspire Advisors LLC purchased a new stake in shares of Calix in the third quarter valued at about $2,844,000. Federated Hermes Inc. purchased a new stake in shares of Calix in the third quarter valued at about $7,090,000. Axecap Investments LLC acquired a new stake in Calix during the third quarter worth about $1,707,000. Finally, Congress Asset Management Co. increased its position in 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 last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Calix

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.