Calix (NYSE:CALX) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Calix (NYSE:CALX) from a strong-buy rating to a buy rating in a research note published on Saturday.

CALX has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their price objective on shares of Calix from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Craig Hallum set a $60.00 price objective on shares of Calix in a research note on Friday, January 30th. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Zacks Research cut shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Needham & Company LLC decreased their target price on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

Calix Price Performance

Shares of NYSE:CALX opened at $51.52 on Friday. The company’s 50 day simple moving average is $51.07 and its 200 day simple moving average is $54.67. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 206.09 and a beta of 1.53. Calix has a 1 year low of $32.55 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 business had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. As a group, analysts anticipate that Calix will post 0.87 EPS for the current fiscal year.

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

Institutional Trading of Calix

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC grew its stake in shares of Calix by 12.9% during the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock worth $92,000 after buying 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 purchasing 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 purchasing an additional 190 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Calix by 4.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 190 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Calix by 1.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

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.