Calix (NYSE:CALX) Raised to Strong-Buy at Zacks Research

Calix (NYSE:CALX) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Rosenblatt Securities upped their price target on Calix from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Calix in a research report on Wednesday, October 8th. UBS Group reiterated an “outperform” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. Needham & Company LLC upped their price target on shares of Calix from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Calix Trading Down 4.3%

Shares of CALX stock opened at $64.32 on Wednesday. Calix has a twelve month low of $28.60 and a twelve month high of $71.22. The firm has a fifty day simple moving average of $61.50 and a 200-day simple moving average of $53.97. The company has a market capitalization of $4.26 billion, a PE ratio of -535.96 and a beta of 1.44.

Calix (NYSE:CALX) last announced its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.10. Calix had a negative return on equity of 0.70% and a negative net margin of 0.78%.The business had revenue of $265.44 million for the quarter, compared to the consensus estimate of $246.21 million. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. Equities research analysts predict that Calix will post -0.43 EPS for the current year.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 420,000 shares of the business’s 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 of the company’s stock, valued at $108,580,508.92. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 490,000 shares of company stock worth $31,434,800. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Calix

Several institutional investors and hedge funds have recently made changes to their positions in CALX. SouthState Corp boosted its stake in Calix by 10,000.0% in the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Calix in the second quarter valued at about $30,000. Whittier Trust Co. grew its stake in shares of Calix by 541.0% in the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 541 shares in the last quarter. Covestor Ltd increased its position in Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 365 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Calix in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.