Calix, Inc (NYSE:CALX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Calix, Inc (NYSE:CALX) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $63.8571.

A number of equities analysts have issued reports on the company. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Tuesday, July 21st. Rosenblatt Securities dropped their target price on shares of Calix from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Roth Capital reissued a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd.

Calix Price Performance

Shares of NYSE:CALX opened at $37.77 on Wednesday. Calix has a 1 year low of $34.26 and a 1 year high of $71.22. The business’s 50-day moving average is $38.13 and its 200-day moving average is $43.16. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 51.04 and a beta of 1.25.

Calix (NYSE:CALX) last released its earnings results 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 analysts’ expectations of $289.96 million. Calix had a return on equity of 6.17% and a net margin of 4.61%.The firm’s revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Analysts anticipate that Calix will post 0.89 EPS for the current year.

Insider Activity

In other news, Director Carl Russo sold 75,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.20, for a total value of $2,715,000.00. Following the completion of the sale, the director directly owned 1,569,188 shares in the company, valued at $56,804,605.60. This trade represents a 4.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in Calix by 37.8% in the second quarter. HighTower Advisors LLC now owns 164,210 shares of the communications equipment provider’s stock valued at $6,128,000 after acquiring an additional 45,081 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Calix during the second quarter worth approximately $1,641,000. California State Teachers Retirement System lifted its holdings in shares of Calix by 3,531.9% in the 2nd quarter. California State Teachers Retirement System now owns 2,772,764 shares of the communications equipment provider’s stock worth $103,480,000 after purchasing an additional 2,696,420 shares in the last quarter. AXQ Capital LP lifted its holdings in shares of Calix by 353.7% in the 2nd quarter. AXQ Capital LP now owns 37,827 shares of the communications equipment provider’s stock worth $1,412,000 after purchasing an additional 29,490 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Calix in the 2nd quarter valued at $105,000. 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.