Calix (NYSE:CALX) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Calix (NYSE:CALX) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Several other research firms also recently issued reports on CALX. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Calix in a research note on Wednesday, June 10th. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Northland Securities lowered shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price on the stock. in a report on Wednesday, April 22nd. Roth Capital restated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Finally, Needham & Company LLC dropped their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Calix Trading Up 1.4%

Shares of NYSE CALX opened at $39.17 on Friday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 81.61 and a beta of 1.23. Calix has a 12 month low of $34.86 and a 12 month high of $71.22. The stock has a 50-day moving average price of $38.71 and a two-hundred day moving average price of $46.63.

Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.30%. The firm’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. On average, sell-side analysts predict that Calix will post 0.83 earnings per share for the current year.

Calix announced that its board has initiated a stock repurchase plan on Tuesday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the completion of the transaction, the director directly owned 1,644,188 shares in the company, valued at $71,127,572.88. This trade represents a 1.50% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Hedge Funds Weigh In On Calix

Several large investors have recently bought and sold shares of CALX. LVW Advisors LLC grew its stake in shares of Calix by 2.0% in the fourth quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock worth $511,000 after acquiring an additional 188 shares during the period. Farther Finance Advisors LLC lifted its position in Calix by 63.0% during the fourth 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 period. Smartleaf Asset Management LLC lifted its position in Calix by 27.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after purchasing an additional 265 shares during the period. Maryland State Retirement & Pension System boosted its holdings in Calix by 3.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock worth $466,000 after purchasing an additional 270 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in Calix by 2.8% in the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after purchasing an additional 287 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix announced that Consolidated Business Services, which supports eight rural broadband cooperatives, selected the AI-native Calix One platform and Calix Agent Workforce Cloud to improve residential, business, and MDU customer experiences. This suggests continued product adoption and could support revenue growth. Article: CBS Selects AI-Native Calix One To Transform How 8 Rural Cooperatives Win Across Residential, Business, and Multifamily Properties
• Neutral Sentiment: Investor attention is also on Calix’s upcoming second-quarter earnings report, due July 20, with analysts expecting higher results than last year. A solid print or raised guidance could help the stock. Article: Calix Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: Multiple law firms issued reminders about a pending securities-fraud class action against Calix, with a lead-plaintiff deadline of July 27 for investors who bought shares between January 28 and April 21, 2026. These repeated lawsuit alerts can create headline risk and pressure sentiment. Article: CALX Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Calix, Inc. Securities Lawsuit

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.