Calix, Inc (NYSE:CALX) Stock Has Average Target Price of $63.86 According to Analysts

Calix, Inc (NYSE:CALX) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $63.86.

A number of equities analysts recently commented on CALX shares. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Roth Capital restated a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. JPMorgan Chase & Co. cut their target price on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Rosenblatt Securities decreased their price target on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 75,000 shares of Calix stock in a transaction 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 directly owned 1,569,188 shares in the company, valued at approximately $56,804,605.60. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Institutional Investors Weigh In On Calix

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Calix during the second quarter worth approximately $439,461,000. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 74,235 shares during the period. Westfield Capital Management Co. LP grew its stake in 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 worth $60,620,000 after purchasing an additional 461,196 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Calix by 28.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,218,495 shares of the communications equipment provider’s stock worth $59,699,000 after purchasing an additional 269,876 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its holdings in Calix by 14.2% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 768,200 shares of the communications equipment provider’s stock worth $37,634,000 after purchasing an additional 95,800 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Performance

NYSE:CALX opened at $33.25 on Friday. The firm has a market capitalization of $2.09 billion, a PE ratio of 44.94 and a beta of 1.25. The stock’s fifty day moving average is $37.22 and its 200 day moving average is $41.06. Calix has a fifty-two week low of $32.54 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The company had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Calix’s quarterly 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. Equities analysts forecast that Calix will post 0.89 EPS for the current year.

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.