Calix, Inc (NYSE:CALX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Calix, Inc (NYSE:CALX) have received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $75.00.

A number of brokerages have weighed in on CALX. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Calix in a research report on Tuesday. Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Craig Hallum set a $60.00 price objective on Calix in a research note on Friday, January 30th. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Finally, Needham & Company LLC decreased their target price on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its position in Calix by 12.9% during the 3rd quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock worth $92,000 after acquiring an additional 172 shares during the last quarter. LVW Advisors LLC grew its stake in shares of Calix by 2.0% in the fourth quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock worth $511,000 after acquiring an additional 188 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Calix by 12.9% in the third quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 190 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Calix by 4.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 190 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Calix by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 200 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Down 1.0%

Shares of CALX opened at $46.40 on Friday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 185.59 and a beta of 1.53. The company’s fifty day moving average is $51.61 and its 200-day moving average is $55.85. Calix has a 12 month low of $29.50 and a 12 month high of $71.22.

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

Calix announced that its Board of Directors has authorized a share buyback program on Wednesday, January 28th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the communications equipment provider to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.