Rosenblatt Securities Cuts Calix (NYSE:CALX) Price Target to $55.00

Calix (NYSE:CALX) had its price target cut by Rosenblatt Securities from $70.00 to $55.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

A number of other equities analysts have also issued reports on CALX. Wall Street Zen lowered Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Roth Capital reiterated a “buy” rating on shares of Calix in a research note on Thursday, April 23rd. Northland Securities lowered Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price objective on the stock. in a report on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Calix presently has an average rating of “Moderate Buy” and an average target price of $63.86.

Calix Trading Down 0.4%

Shares of Calix stock opened at $35.69 on Tuesday. The firm’s 50 day simple moving average is $38.36 and its two-hundred day simple moving average is $46.12. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 48.23 and a beta of 1.23. Calix has a 12-month low of $34.26 and a 12-month high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $293.33 million during the quarter, compared to the consensus estimate of $289.96 million. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, sell-side analysts predict that Calix will post 0.83 EPS for the current fiscal year.

Calix announced that its board has approved a stock buyback plan on Tuesday, April 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to buy up to 3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction on Monday, April 27th. The shares were sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the transaction, the director owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Institutional Investors Weigh In On Calix

Institutional investors have recently modified their holdings of the business. LVW Advisors LLC lifted its position in shares of Calix by 2.0% during the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after buying an additional 188 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Calix by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Calix by 27.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after acquiring an additional 265 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Calix by 3.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock worth $466,000 after acquiring an additional 270 shares in the last quarter. Finally, Vident Advisory LLC raised its position in Calix by 2.8% during the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock worth $559,000 after acquiring an additional 287 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

More Calix News

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Investor-focused commentary says Calix could be materially undervalued after reporting record earnings and issuing 2026 guidance, reinforcing the bullish case that the stock may be priced below its growth potential. Calix (CALX) Could Be 46% Undervalued On Record Earnings And 2026 Guidance
• Positive Sentiment: Calix announced that Conexon Connect is adopting Calix Agent Workforce Cloud to scale growth across residential, business, and MDU markets, a sign of continued product traction and customer expansion. Conexon Connect Chooses Calix Agent Workforce Cloud To Advance 79 NPS and Scale Their Go-to-Market Strategy
• Positive Sentiment: Northland Securities reiterated a positive view and raised FY2027 earnings estimates, suggesting analysts see room for earnings growth beyond the current year. Calix analyst estimate update
• Neutral Sentiment: Several market notes highlight ongoing debate around Calix’s post-earnings performance, including concerns about margin pressure even as software gains improve the growth profile. How Investors Are Reacting To Calix (CALX) Record Q2 Software Gains And Ongoing Margin Pressures
• Neutral Sentiment: Analyst actions were mixed, with some target cuts but still constructive ratings, indicating valuation debate rather than a clear deterioration in the business outlook.
• Negative Sentiment: Multiple law firms issued reminders about the July 27 lead-plaintiff deadline in the securities class action against Calix, keeping legal uncertainty in focus and likely weighing on sentiment. CALX IMPORTANT DEADLINE: ROSEN…
• Negative Sentiment: Zacks downgraded Calix to “strong sell,” and other firms lowered price targets, adding pressure on the shares despite upbeat earnings. Calix (NYSE:CALX) Hits New 52-Week Low on Analyst Downgrade

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.