Calix, Inc (NYSE:CALX) Receives $77.50 Consensus Price Target from Analysts

Shares of Calix, Inc (NYSE:CALX) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $75.00.

A number of brokerages recently issued reports on CALX. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price objective on shares of Calix in a report on Tuesday, March 31st. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Craig Hallum set a $60.00 price target on shares of Calix in a report on Friday, January 30th. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 29th. Finally, Zacks Research cut shares of Calix from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th.

Calix Price Performance

Shares of CALX stock opened at $46.40 on Friday. The company’s fifty day simple moving average is $51.45 and its two-hundred day simple moving average is $55.71. Calix has a 1 year low of $29.50 and a 1 year high of $71.22. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 185.59 and a beta of 1.53.

Calix (NYSE:CALX) last posted its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The business’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Equities research analysts anticipate that Calix will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has approved a stock buyback 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 repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its position 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 in the last quarter. AQR Capital Management LLC raised its holdings in shares of Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $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 raised its holdings in shares of Calix by 10.6% in the 1st 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 acquiring an additional 16,905 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Calix by 26.8% during 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, PNC Financial Services Group Inc. boosted its position in shares of Calix by 40.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the communications equipment provider’s stock valued at $154,000 after acquiring an additional 841 shares during the last quarter. 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.