Calix (NYSE:CALX) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Calix (NYSE:CALX) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Needham & Company LLC cut their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Calix in a research report on Tuesday, January 27th. Finally, Craig Hallum set a $60.00 price target on shares of Calix in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Calix Trading Down 1.0%

Shares of NYSE CALX opened at $50.96 on Monday. The firm has a market cap of $3.34 billion, a PE ratio of 203.83 and a beta of 1.49. Calix has a 1-year low of $29.50 and a 1-year high of $71.22. The company has a fifty day moving average price of $52.77 and a 200 day moving average price of $56.64.

Calix (NYSE:CALX) last released its quarterly 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. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $267.36 million. Calix had a return on equity of 2.31% and a net margin of 1.79%.The company’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Equities research analysts forecast that Calix will post -0.43 EPS for the current year.

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

Hedge Funds Weigh In On Calix

Several hedge funds and other institutional investors have recently made changes to their positions in CALX. Clearstead Advisors LLC raised its position in Calix by 139.3% during the third quarter. Clearstead Advisors LLC now owns 438 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 255 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Calix by 63.0% in the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Raymond James Financial Inc. bought a new position in shares of Calix in the 2nd quarter valued at about $30,000. Whittier Trust Co. increased its stake in shares of Calix by 541.0% during 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 last quarter. Finally, Covestor Ltd raised its holdings in shares of Calix by 125.4% in the 3rd quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 365 shares during the period. 98.14% of the stock is owned by institutional investors.

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.