Calix (NYSE:CALX) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Calix (NYSE:CALX) from a buy rating to a strong-buy rating in a report released on Monday.

CALX has been the subject of a number of other research reports. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Needham & Company LLC dropped their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 29th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Calix in a report on Tuesday, March 31st. Finally, Craig Hallum set a $60.00 price objective on shares of Calix in a report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Calix has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Calix Stock Performance

Shares of Calix stock opened at $48.17 on Monday. Calix has a one year low of $29.50 and a one year high of $71.22. The business’s 50 day moving average price is $51.30 and its 200 day moving average price is $55.55. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 192.68 and a beta of 1.53.

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, beating analysts’ consensus estimates of $0.38 by $0.01. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Calix’s quarterly revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, analysts predict that Calix will post -0.43 EPS for the current fiscal year.

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

Institutional Trading of Calix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its position in Calix by 1.0% in the fourth quarter. State Street Corp now owns 2,362,965 shares of the communications equipment provider’s stock valued at $125,072,000 after purchasing an additional 23,022 shares during the period. Congress Asset Management Co. raised its position in Calix by 3.2% in the third quarter. Congress Asset Management Co. now owns 1,463,202 shares of the communications equipment provider’s stock valued at $89,797,000 after purchasing an additional 45,258 shares during the period. Geode Capital Management LLC raised its position in 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. Alliancebernstein L.P. raised its position in Calix by 4.5% in the third quarter. Alliancebernstein L.P. now owns 1,409,729 shares of the communications equipment provider’s stock valued at $86,515,000 after purchasing an additional 61,247 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Calix by 214.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,274,426 shares of the communications equipment provider’s stock valued at $78,212,000 after purchasing an additional 868,987 shares during the period. Hedge funds and other 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.