Calix (NYSE:CALX) Earns Buy Rating from Rosenblatt Securities

Calix (NYSE:CALX)‘s stock had its “buy” rating restated by research analysts at Rosenblatt Securities in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $85.00 price objective on the communications equipment provider’s stock. Rosenblatt Securities’ price target points to a potential upside of 52.60% from the company’s previous close.

A number of other research analysts have also issued reports on CALX. Zacks Research lowered Calix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price on shares of Calix in a research report on Monday, November 24th. Craig Hallum restated a “buy” rating and set a $75.00 price target on shares of Calix in a research report on Friday, October 31st. Finally, UBS Group reissued an “outperform” rating and set a $75.00 target price on shares of Calix in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Calix Stock Performance

Shares of NYSE CALX opened at $55.70 on Tuesday. The company has a market capitalization of $3.69 billion, a PE ratio of -464.15 and a beta of 1.55. The company’s fifty day moving average price is $54.71 and its 200 day moving average price is $57.78. Calix has a 1 year low of $28.60 and a 1 year high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The business had revenue of $265.44 million during the quarter, compared to the consensus estimate of $246.21 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’s revenue was up 32.1% compared to the same quarter last year. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, equities analysts expect that Calix will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Carl Russo sold 420,000 shares of Calix stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the transaction, the director owned 1,694,188 shares in the company, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Cory Sindelar sold 50,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $65.30, for a total value of $3,265,000.00. Following the completion of the sale, the chief financial officer owned 76,555 shares of the company’s stock, valued at approximately $4,999,041.50. The trade was a 39.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 530,000 shares of company stock worth $34,099,800. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Calix

A number of institutional investors have recently bought and sold shares of CALX. Arrowstreet Capital Limited Partnership grew its stake in shares of Calix by 214.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after buying an additional 868,987 shares during the period. Loomis Sayles & Co. L P acquired a new position in Calix in the second quarter valued at approximately $21,682,000. Divisadero Street Capital Management LP grew its position in Calix by 756.0% in the third quarter. Divisadero Street Capital Management LP now owns 453,873 shares of the communications equipment provider’s stock worth $27,854,000 after acquiring an additional 400,851 shares during the period. Westfield Capital Management Co. LP increased its stake 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 worth $41,983,000 after acquiring an additional 392,947 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in Calix by 1,166.0% in the second quarter. Cubist Systematic Strategies LLC now owns 290,026 shares of the communications equipment provider’s stock valued at $15,427,000 after purchasing an additional 267,118 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.