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

Calix (NYSE:CALX)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They currently have a $70.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 41.72% from the company’s current price.

A number of other equities research analysts also recently weighed in on CALX. Needham & Company LLC lowered their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Wall Street Zen downgraded Calix from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings raised Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised Calix from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a report on Thursday, January 15th. Finally, Craig Hallum set a $60.00 price objective on Calix in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average target price of $75.00.

Calix Trading Down 1.8%

Shares of NYSE CALX opened at $49.39 on Tuesday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 197.58 and a beta of 1.49. Calix has a twelve month low of $29.50 and a twelve month high of $71.22. The business has a 50 day simple moving average of $52.15 and a 200-day simple moving average of $56.07.

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

Calix declared that its board has initiated a stock buyback program on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Calix

Several large investors have recently bought and sold shares of CALX. Mirae Asset Global Investments Co. Ltd. bought a new position in Calix during the 3rd quarter valued at $1,528,000. Inspire Advisors LLC acquired a new stake in Calix in the 3rd quarter valued at about $2,844,000. Federated Hermes Inc. bought a new position in shares of Calix during the 3rd quarter valued at about $7,090,000. Axecap Investments LLC acquired a new position in shares of Calix in the 3rd quarter worth approximately $1,707,000. Finally, Congress Asset Management Co. raised its holdings in shares of Calix by 3.2% in the 3rd quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock worth $89,797,000 after purchasing an additional 45,258 shares in the last quarter. Institutional investors and hedge funds 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.