Calix (NYSE:CALX) Price Target Cut to $62.00 by Analysts at Needham & Company LLC

Calix (NYSE:CALX) had its price target reduced by Needham & Company LLC from $70.00 to $62.00 in a research note published on Thursday, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the communications equipment provider’s stock.

A number of other research firms have also recently issued reports on CALX. JPMorgan Chase & Co. decreased their price target on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday. Craig Hallum set a $60.00 price target on Calix in a report on Friday, January 30th. Zacks Research downgraded shares of Calix from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Calix in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Calix Stock Performance

CALX stock opened at $42.74 on Thursday. Calix has a one year low of $36.91 and a one year high of $71.22. The firm has a 50-day simple moving average of $50.58 and a two-hundred day simple moving average of $54.44. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 89.03 and a beta of 1.53.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The company had revenue of $279.98 million during the quarter, compared to the consensus estimate of $277.50 million. During the same period last year, the firm earned $0.19 earnings per share. Calix’s revenue was up 27.2% compared to the same quarter last year. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, equities analysts predict that Calix will post 0.87 earnings per share for the current fiscal year.

Calix announced that its board has authorized a stock repurchase plan on Wednesday, January 28th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Calix

A number of hedge funds have recently modified their holdings of CALX. Royal Bank of Canada boosted its stake in Calix by 11.0% during the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after buying an additional 2,773 shares during the period. AQR Capital Management LLC grew its holdings in Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after acquiring an additional 33,769 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Calix by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after buying an additional 16,905 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Amundi raised its holdings in Calix by 16,478.0% during the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock worth $518,000 after purchasing an additional 9,722 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 results beat expectations: revenue +27% Y/Y and EPS above consensus; company gave Q2 EPS guidance (0.35–0.45), supporting near?term growth expectations. Calix Beats Q1 Earnings Estimates on Solid Y/Y Top-Line Growth
• Positive Sentiment: Board expanded share repurchase authorization by $100M (~3% of shares), signaling management believes the stock is undervalued and likely supporting EPS over time. Calix Expands Share Repurchase Authorization by $100 Million
• Positive Sentiment: Some brokers reaffirm positive stances: Rosenblatt kept a Buy with a $70 PT, indicating continued bullish long?term view from portions of the sell?side. Rosenblatt Reaffirms Buy on Calix
• Neutral Sentiment: Analyst target trims but maintained positive ratings: Needham cut its PT from $70?$62 while keeping a Buy, and JPMorgan trimmed its PT to $65 but stays Overweight — suggests confidence in long?term opportunity despite near?term headwinds. Calix: Transition to Calix One and Stable Long-Term Outlook Underpin Buy Rating
• Neutral Sentiment: Brokerage consensus remains modestly positive (consensus = “Moderate Buy”), leaving room for upside if execution continues. Calix Receives Consensus Rating of Moderate Buy
• Negative Sentiment: New securities?fraud investigation announced — litigation risk can pressure the stock and increase legal/disciplinary uncertainty for investors. Securities Fraud Investigation Into Calix, Inc. Announced
• Negative Sentiment: Northland downgraded Calix to Market Perform / Hold with a lower $52 PT, reflecting concerns about near?term margin pressure or valuation. Calix Downgraded to Hold at Northland Securities
• Negative Sentiment: Earnings?call takeaways: revenue/growth strong but margins under strain from investments and mix — investors sensitive to margin trends could mark shares down if margins deteriorate. Calix Inc. Earnings Call: Growth Up, Margins Under Strain

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.