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

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

A number of other research analysts have also weighed in on CALX. Roth Mkm set a $85.00 price target on shares of Calix and gave the company a “buy” rating in a research report on Thursday, October 30th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Calix in a report on Tuesday. Needham & Company LLC decreased their target price on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday. Craig Hallum reissued a “buy” rating and issued a $75.00 price target on shares of Calix in a report on Friday, October 31st. Finally, UBS Group restated an “outperform” rating and set a $75.00 price objective on shares of Calix in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.00.

Calix Stock Performance

CALX stock opened at $46.65 on Wednesday. The company has a market capitalization of $3.09 billion, a P/E ratio of 186.60 and a beta of 1.55. Calix has a 52-week low of $28.60 and a 52-week high of $71.22. The business has a 50-day simple moving average of $54.55 and a two-hundred day simple moving average of $57.71.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Calix had a return on equity of 2.36% and a net margin of 1.79%.The company had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts forecast that Calix will post -0.43 earnings per share for the current fiscal year.

Calix declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 28th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the communications equipment provider to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Calix

In other news, CFO Cory Sindelar sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 76,555 shares of the company’s stock, valued at $4,999,041.50. The trade was a 39.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. The SEC filing for this sale provides additional information. Insiders sold 520,000 shares of company stock worth $33,449,800 over the last quarter. Corporate insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CWM LLC boosted its stake in Calix by 12.9% in the third quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock worth $92,000 after buying an additional 172 shares in the last quarter. LVW Advisors LLC boosted its stake in shares of Calix by 2.0% in the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after purchasing an additional 188 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Calix by 12.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 190 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after purchasing an additional 190 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Calix by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock worth $822,000 after purchasing an additional 200 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 beat on revenue and EPS: Calix reported revenue of $272.4M (up ~32% YoY) and reported $0.39 EPS, edging past consensus — evidence of healthy demand. Calix Tops Q4 Estimates
• Positive Sentiment: Large TAM disclosure: Management outlined a $1B–$1.5B BEAD opportunity and reiterated plans for sustained revenue growth in 2026, supporting a multi-year growth story if execution follows. BEAD Opportunity
• Positive Sentiment: Expanded share repurchase: The board authorized a $125M buyback (about ~3.4% of shares), a capital-return sign that the board views shares as undervalued and that could support EPS over time. Buyback Announcement
• Positive Sentiment: Analyst appetite: Several firms keep bullish views and elevated price targets (median targets point materially above current levels), and Rosenblatt reiterated a Buy — institutional/analyst sentiment remains constructive. Analyst Price Targets Rosenblatt Reiterates Buy
• Neutral Sentiment: Earnings-call detail: Management highlighted record revenue and strategic initiatives (product/service expansion, GTM focus). The full transcript contains color on margin timing and BEAD execution plans for investors to digest. Earnings Call Highlights Call Transcript
• Neutral Sentiment: Valuation discussion: Analysts and media are re-running valuation scenarios post-quarter (including buyback impact), which could support higher targets if margin expansion and BEAD conversion prove out. Valuation After Q4
• Negative Sentiment: Market reaction to guidance/forward outlook: Multiple reports say investors were disappointed by management’s forward commentary (guidance and/or margin trajectory), and shares sold off despite the in-line beat. Guidance Disappoints
• Negative Sentiment: Profitability metrics were mixed: while revenue and non‑GAAP results looked strong, GAAP operating profit and net income showed year-over-year compression (investors are focused on margin recovery and how investments will translate to profit). Profitability Details

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.