Brokerages Set Calix, Inc (NYSE:CALX) Target Price at $77.50

Shares of Calix, Inc (NYSE:CALX) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $75.00.

CALX has been the subject of a number of analyst reports. Needham & Company LLC lowered their price objective on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings raised 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 target price on shares of Calix in a research note on Friday, January 30th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a report on Thursday, January 15th. Finally, Rosenblatt Securities restated a “buy” rating and set a $70.00 price target on shares of Calix in a research report on Tuesday.

Calix Stock Performance

NYSE CALX opened at $48.96 on Friday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 195.86 and a beta of 1.49. The stock has a 50-day simple moving average of $51.98 and a two-hundred day simple moving average of $55.98. Calix has a fifty-two week low of $29.50 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last issued its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm 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 company’s revenue was up 32.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, analysts forecast that Calix will post -0.43 earnings per share for the current year.

Calix declared that its Board of Directors has authorized a share repurchase 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 buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Calix

A number of institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Calix during the third quarter worth about $1,528,000. Inspire Advisors LLC purchased a new position in Calix in the 3rd quarter valued at about $2,844,000. Federated Hermes Inc. acquired a new stake in Calix in the 3rd quarter worth about $7,090,000. Axecap Investments LLC purchased a new stake in Calix during the 3rd quarter worth approximately $1,707,000. Finally, Prudential Financial Inc. raised its holdings in shares of Calix by 211.3% during the second quarter. Prudential Financial Inc. now owns 180,693 shares of the communications equipment provider’s stock valued at $9,611,000 after acquiring an additional 122,649 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.