Calix (NYSE:CALX) Stock Rating Upgraded by Wall Street Zen

Calix (NYSE:CALX) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.

Several other brokerages have also weighed in on CALX. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Craig Hallum set a $60.00 price objective on shares of Calix in a report on Friday, January 30th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price objective on shares of Calix in a report on Tuesday, March 31st. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $90.00 in a report on Thursday, January 15th. Finally, Zacks Research lowered shares of Calix from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Calix currently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Calix Price Performance

Shares of CALX stock opened at $48.65 on Monday. The firm has a market cap of $3.14 billion, a P/E ratio of 194.58 and a beta of 1.53. Calix has a 1-year low of $30.67 and a 1-year high of $71.22. The firm has a fifty day moving average of $51.15 and a two-hundred day moving average of $55.45.

Calix (NYSE:CALX) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts expect that Calix will post -0.43 EPS for the current year.

Calix declared that its board has approved a stock buyback 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 repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CALX. Royal Bank of Canada lifted its position in Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after purchasing an additional 2,773 shares during the last quarter. AQR Capital Management LLC lifted its position in Calix by 304.1% in the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after purchasing an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Calix by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after purchasing an additional 16,905 shares during the last quarter. Intech Investment Management LLC lifted its position in Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after purchasing an additional 6,962 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of Calix during the 2nd quarter worth about $552,000. 98.14% of the stock is owned by institutional investors and hedge funds.

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.