Analysts Set Calix, Inc (NYSE:CALX) PT at $67.00

Shares of Calix, Inc (NYSE:CALX) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $67.00.

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Northland Securities downgraded shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price for the company. in a report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Needham & Company LLC dropped their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Roth Mkm restated a “buy” rating on shares of Calix in a report on Thursday, April 23rd.

Calix Trading Up 1.1%

NYSE:CALX opened at $37.94 on Friday. The firm has a 50-day moving average price of $42.17 and a two-hundred day moving average price of $49.04. Calix has a twelve month low of $35.87 and a twelve month high of $71.22. The company has a market capitalization of $2.42 billion, a P/E ratio of 79.04 and a beta of 1.23.

Calix (NYSE:CALX) last posted 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 firm 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 posted $0.19 EPS. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, equities research analysts predict that Calix will post 0.85 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 buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to purchase up to 3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Negative Sentiment: Multiple law firms, including Bragar Eagel & Squire, The Schall Law Firm, Pomerantz, Kirby McInerney, and others, announced or reminded investors about a pending class-action lawsuit against Calix alleging securities-law violations and misleading statements about margins and memory supply. Article Title
• Negative Sentiment: The lead-plaintiff deadline of July 27, 2026 is being widely publicized, which can prolong uncertainty and keep litigation headlines focused on Calix in the near term. Article Title

Insider Activity

In other Calix news, Director Carl Russo sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the sale, the director directly owned 1,644,188 shares of the company’s stock, valued at $71,127,572.88. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Calix

Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP lifted its position in Calix by 167.0% during the fourth quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock valued at $2,851,000 after buying an additional 33,691 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in Calix by 38.1% during the third quarter. Tudor Investment Corp ET AL now owns 290,189 shares of the communications equipment provider’s stock valued at $17,809,000 after buying an additional 80,029 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in Calix by 135.0% during the third quarter. Westfield Capital Management Co. LP now owns 684,096 shares of the communications equipment provider’s stock valued at $41,983,000 after buying an additional 392,947 shares in the last quarter. Atika Capital Management LLC acquired a new position in Calix during the third quarter valued at approximately $5,493,000. Finally, Divisadero Street Capital Management LP lifted its position in Calix by 756.0% during the third quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock valued at $27,854,000 after buying an additional 400,851 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.