Calix, Inc (NYSE:CALX) Receives $63.86 Average PT from Analysts

Shares of Calix, Inc (NYSE:CALX) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $63.8571.

Several equities analysts have issued reports on the company. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research note on Tuesday, July 21st. Roth Capital reiterated a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Needham & Company LLC dropped their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Finally, Zacks Research cut Calix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th.

Calix Stock Down 2.4%

CALX stock opened at $38.51 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 52.04 and a beta of 1.24. Calix has a 12-month low of $34.26 and a 12-month high of $71.22. The company’s fifty day simple moving average is $37.86 and its 200 day simple moving average is $45.03.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping 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 period last year, the business posted $0.33 EPS. The business’s revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts expect that Calix will post 0.89 earnings per share for the current year.

Calix announced that its board has initiated a stock buyback program on Tuesday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction that occurred on 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 $56,804,605.60. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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

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