Calix (NYSE:CALX) Reaches New 12-Month Low – What’s Next?

Shares of Calix, Inc (NYSE:CALX) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $33.72 and last traded at $33.5660, with a volume of 61818 shares. The stock had previously closed at $34.54.

Analyst Ratings Changes

CALX has been the topic of several recent research reports. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Roth Capital reissued a “buy” rating on shares of Calix in a report on Tuesday, July 21st. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Rosenblatt Securities cut their target price on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Finally, Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.86.

Calix Price Performance

The stock has a market capitalization of $2.09 billion, a P/E ratio of 44.87 and a beta of 1.25. The stock has a 50 day moving average price of $37.10 and a 200-day moving average price of $41.00.

Calix (NYSE:CALX) last released its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share 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 company had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same quarter in the previous year, the company posted $0.33 EPS. 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. Research analysts predict that Calix, Inc will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CALX. BlackRock Inc. purchased a new stake in Calix during the 2nd quarter valued at $439,461,000. Geode Capital Management LLC increased its position in shares of Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock valued at $76,513,000 after acquiring an additional 74,235 shares during the period. Westfield Capital Management Co. LP increased its position in shares of Calix by 67.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,145,292 shares of the communications equipment provider’s stock valued at $60,620,000 after acquiring an additional 461,196 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Calix by 28.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock valued at $59,699,000 after acquiring an additional 269,876 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in shares of Calix by 14.2% during the first quarter. Paradigm Capital Management Inc. NY now owns 768,200 shares of the communications equipment provider’s stock valued at $37,634,000 after acquiring an additional 95,800 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Company Profile

Calix, Inc is a communications technology company that provides broadband access systems, cloud software and managed services to communications service providers. Its solutions are designed to help service providers deploy, manage and monetize broadband networks while delivering services to residential, business and community customers.

The company’s portfolio includes the AXOS broadband platform, which supports fiber, fixed wireless and other access technologies, as well as Calix Cloud software for network management, analytics and operational insights.