Calix (NYSE:CALX) Price Target Lowered to $65.00 at JPMorgan Chase & Co.

Calix (NYSE:CALX) had its price target reduced by research analysts at JPMorgan Chase & Co. from $70.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 51.95% from the stock’s current price.

A number of other equities research analysts have also recently commented on CALX. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Calix in a report on Wednesday. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Craig Hallum set a $60.00 price target on shares of Calix in a report on Friday, January 30th. Zacks Research cut shares of Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Finally, Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Calix currently has a consensus rating of “Moderate Buy” and an average price target of $68.14.

Calix Stock Down 13.7%

Shares of NYSE CALX traded down $6.80 on Wednesday, reaching $42.78. 3,542,258 shares of the company’s stock traded hands, compared to its average volume of 1,094,806. Calix has a 12 month low of $36.25 and a 12 month high of $71.22. The business’s 50 day simple moving average is $50.97 and its two-hundred day simple moving average is $54.60. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 171.50 and a beta of 1.53.

Calix (NYSE:CALX) last posted its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $279.98 million for the quarter, compared to analysts’ expectations of $277.50 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Analysts forecast that Calix will post 0.87 earnings per share for the current fiscal year.

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

Institutional Investors Weigh In On Calix

Institutional investors and hedge funds have recently added to or reduced their stakes 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 position in shares of Calix during the 3rd quarter worth $2,844,000. Federated Hermes Inc. purchased a new position in shares of Calix during the 3rd quarter worth $7,090,000. Axecap Investments LLC purchased a new position in shares of Calix during the 3rd quarter worth $1,707,000. Finally, Lisanti Capital Growth LLC boosted its stake in shares of Calix by 118.4% during the 3rd quarter. Lisanti Capital Growth LLC now owns 81,321 shares of the communications equipment provider’s stock worth $4,991,000 after acquiring an additional 44,081 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 beat and raised Q2 outlook — Calix reported Q1 EPS of $0.40 and revenue of $279.98M (up ~27% Y/Y), beating expectations; management set Q2 EPS guidance of $0.35–$0.45 and revenue guidance roughly $287M–$293M, signaling continued broadband demand and AI-driven gains. Read More.
• Positive Sentiment: Board ups buyback by $100M — Calix’s board authorized an additional $100M to repurchase shares (adds ~3% of shares outstanding under program), a capital-return move that typically supports share price. Read More.
• Positive Sentiment: Analyst bullish note — Rosenblatt reaffirmed a “buy” and a $70 price target, highlighting upside if execution on broadband/AI investments continues. Read More.
• Neutral Sentiment: Investor Day / earnings materials posted — Management hosted the Q1 call and announced an Investor Day at the NYSE to outline the next phase of growth (useful for longer-term thesis but not an immediate catalyst). Read More.
• Neutral Sentiment: Multiple earnings call transcripts available — Full Q1 and prior calls/transcripts published (Yahoo, Seeking Alpha, The Motley Fool) for deeper diligence; informational but not a separate catalyst. Read More.
• Negative Sentiment: Analyst downgrade — Northland cut Calix from “outperform” to “market perform” with a $52 target, reducing near-term analyst support and likely contributing to selling pressure.
• Negative Sentiment: Management equity grants — Announcements of long- and short-term incentive awards (performance and rights) to executives could create dilution or be viewed as near-term overhang by some investors. Read More.
• Neutral Sentiment: NYSE floor content update — General NYSE pre-market advisory noted (broad market context, not company-specific). Read More.

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.