Calix (NYSE:CALX) Shares Gap Up – What’s Next?

Calix, Inc (NYSE:CALX) gapped up before the market opened on Thursday . The stock had previously closed at $51.07, but opened at $55.72. Calix shares last traded at $52.4630, with a volume of 163,805 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on CALX. UBS Group reissued an “outperform” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday. Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Calix in a report on Tuesday, January 27th. Finally, Needham & Company LLC cut their price objective on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Calix Trading Up 1.0%

The firm has a market cap of $3.38 billion, a PE ratio of 206.70 and a beta of 1.56. The business’s 50-day simple moving average is $53.54 and its 200 day simple moving average is $57.34.

Calix (NYSE:CALX) last issued its quarterly earnings data 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 net margin of 1.79% and a return on equity of 2.31%. The company had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same period last year, the company posted $0.08 earnings per share. Calix’s revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Analysts expect that Calix, Inc will post -0.43 earnings per share for the current year.

Calix declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 28th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Calix

Institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in Calix by 79.5% during the 4th quarter. Pacer Advisors Inc. now owns 6,520 shares of the communications equipment provider’s stock worth $345,000 after buying an additional 2,888 shares during the last quarter. Invesco Ltd. boosted its holdings in Calix by 19.9% in the fourth quarter. Invesco Ltd. now owns 577,771 shares of the communications equipment provider’s stock worth $30,581,000 after acquiring an additional 95,738 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Calix during the fourth quarter worth about $40,000. Vident Advisory LLC increased its holdings in shares of Calix by 2.8% during the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock valued at $559,000 after acquiring an additional 287 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Calix by 45.2% in the 4th quarter. Mackenzie Financial Corp now owns 58,057 shares of the communications equipment provider’s stock valued at $3,070,000 after purchasing an additional 18,084 shares during the last quarter. 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.