Share Repurchase Plan Approved by Calix (NYSE:CALX)

Calix (NYSE:CALX) announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 28th, RTT News reports. The company plans to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CALX shares. Needham & Company LLC reduced their target price on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. Roth Mkm set a $85.00 price objective on Calix and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calix in a report on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Calix in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Calix from a “neutral” rating to an “overweight” rating and upped their price target for the company from $75.00 to $90.00 in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Calix Price Performance

Shares of CALX opened at $44.54 on Friday. The business’s 50-day moving average is $54.37 and its 200-day moving average is $57.67. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 178.16 and a beta of 1.55. Calix has a fifty-two week low of $28.60 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS 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 the consensus estimate of $267.36 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm’s revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Equities research analysts expect that Calix will post -0.43 earnings per share for the current fiscal year.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat and strong revenue growth — Calix reported $0.39 EPS vs. $0.38 consensus and revenue of $272.4M (up ~32% YoY), showing healthy demand and execution. Calix Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Board ups buyback by $125M — Board authorized an additional $125M repurchase (about 3.4% of shares), which reduces share count risk and signals management’s view that shares are undervalued. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Analyst support and upside potential — Zacks upgraded Calix to strong-buy and Rosenblatt reiterated buy; consensus price-target commentary points to sizable upside potential from current levels. Zacks Upgrade Wall Street Analysts See Upside
• Positive Sentiment: Large BEAD opportunity and 2026 growth outlook — Management highlighted a $1B–$1.5B BEAD opportunity and projected sustained revenue growth, supporting longer-term secular thesis. Calix Outlines BEAD Opportunity
• Neutral Sentiment: Technicals look oversold — Some analysts note the stock is in oversold territory and could be ripe for a technical bounce, which may attract short-term traders. Technical Turnaround Note
• Negative Sentiment: Market focused on Q1 margin pressure — Despite headline guidance ranges that roughly cover/beat consensus, management warned of margin pressure driven by customer mix and overlapping cloud costs in Q1; that commentary triggered the sell-off as investors worried about near-term profitability. Calix Share Price Decreases Despite Q4 Growth
• Negative Sentiment: Investors punished guidance tone despite inline beats — Multiple outlets reported shares tumbling after the earnings call as investors parsed the company’s messaging on margins and near-term costs. Calix Shares Tumble on Guidance

Insider Transactions at Calix

In other Calix news, CFO Cory Sindelar sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $65.30, for a total value of $3,265,000.00. Following the transaction, the chief financial officer owned 76,555 shares in the company, valued at $4,999,041.50. The trade was a 39.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carl Russo sold 420,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total value of $26,917,800.00. Following the completion of the transaction, the director directly owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. The trade was a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 520,000 shares of company stock valued at $33,449,800. 16.90% of the stock is owned by insiders.

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.