Analysts Set Calix, Inc (NYSE:CALX) PT at $63.86

Calix, Inc (NYSE:CALX) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $63.8571.

Several research firms have recently commented on CALX. JPMorgan Chase & Co. reduced their target price on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Zacks Research lowered shares of Calix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Weiss Ratings raised shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Roth Capital reiterated a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th.

Calix Stock Performance

NYSE:CALX opened at $37.19 on Friday. Calix has a one year low of $34.26 and a one year high of $71.22. The business’s 50-day simple moving average is $37.93 and its 200 day simple moving average is $45.28. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 50.26 and a beta of 1.24.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. Calix’s revenue for the quarter was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities research analysts predict that Calix will post 0.89 EPS for the current year.

Calix announced that its board has authorized a stock buyback program on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, Director Carl Russo sold 75,000 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the transaction, the director owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Calix by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. Raymond James Financial Inc. bought a new position in Calix during the second quarter worth $30,000. Harbor Investment Advisory LLC acquired a new position in Calix in the second quarter worth $31,000. Caitong International Asset Management Co. Ltd boosted its holdings in Calix by 24,733.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after purchasing an additional 742 shares during the period. Finally, Strive Financial Group LLC bought a new stake in Calix during the fourth quarter valued at $40,000. 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.