Calix (NYSE:CALX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Calix (NYSE:CALX) from a buy rating to a strong-buy rating in a report released on Monday.

CALX has been the topic of a number of other reports. Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Zacks Research downgraded Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Needham & Company LLC dropped their price objective on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Craig Hallum set a $60.00 price objective on Calix in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Calix Price Performance

Shares of NYSE:CALX opened at $49.83 on Monday. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 199.30 and a beta of 1.53. The business’s 50-day moving average is $51.09 and its 200-day moving average is $55.41. Calix has a 1 year low of $31.16 and a 1 year high of $71.22.

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

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Calix by 1.0% during the 4th quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock worth $125,072,000 after buying an additional 23,022 shares during the period. Congress Asset Management Co. raised its stake in shares of Calix by 3.2% in 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. Geode Capital Management LLC raised its stake in shares of Calix by 5.4% in the fourth 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. raised its stake in shares of Calix by 4.5% in the third 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 raised its stake in shares of Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock worth $78,212,000 after purchasing an additional 868,987 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.