Analysts Set Calix, Inc (NYSE:CALX) PT at $77.50

Calix, Inc (NYSE:CALX) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $77.50.

A number of brokerages have recently weighed in on CALX. Weiss Ratings upgraded Calix from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. Zacks Research upgraded Calix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Calix in a research note on Tuesday, January 27th. Craig Hallum set a $60.00 price objective on Calix in a research note on Friday, January 30th. Finally, Needham & Company LLC decreased their price objective on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, January 29th.

Institutional Investors Weigh In On Calix

A number of hedge funds have recently bought and sold shares of CALX. Clearstead Advisors LLC lifted its holdings in shares of Calix by 139.3% in the 3rd quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 255 shares during the last quarter. SouthState Corp grew its holdings in Calix by 10,000.0% during 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 last quarter. Farther Finance Advisors LLC grew its holdings in Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Calix in the 2nd quarter worth about $30,000. Finally, Whittier Trust Co. raised its position in Calix by 541.0% in the 3rd quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 541 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Stock Performance

Shares of NYSE:CALX opened at $50.50 on Wednesday. The firm has a fifty day moving average price of $53.20 and a 200 day moving average price of $57.09. Calix has a fifty-two week low of $28.60 and a fifty-two week high of $71.22. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 202.00 and a beta of 1.49.

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

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

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.