Analysts Set Calix, Inc (NYSE:CALX) PT at $63.86

Shares of Calix, Inc (NYSE:CALX) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $63.8571.

Several equities analysts have recently issued reports on CALX shares. Rosenblatt Securities lowered their target price on shares of Calix from $70.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Roth Capital reiterated a “buy” rating on shares of Calix in a research note on Tuesday, July 21st. JPMorgan Chase & Co. dropped their target price on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Wall Street Zen cut Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th.

Calix Trading Down 0.9%

Shares of CALX stock opened at $35.10 on Friday. The company’s fifty day moving average price is $37.43 and its 200-day moving average price is $41.30. The stock has a market cap of $2.21 billion, a PE ratio of 47.43 and a beta of 1.25. Calix has a 12 month low of $33.95 and a 12 month high of $71.22.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The company had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same period last year, the business earned $0.33 EPS. Calix’s quarterly revenue was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, sell-side analysts forecast that Calix will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Calix

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

Institutional Investors Weigh In On Calix

Institutional investors and hedge funds have recently made changes to their positions in the company. 4D Advisors LLC bought a new position in shares of Calix during the 4th quarter valued at $6,087,000. California State Teachers Retirement System grew its holdings in shares of Calix by 32.6% in the first quarter. California State Teachers Retirement System now owns 76,344 shares of the communications equipment provider’s stock worth $3,740,000 after acquiring an additional 18,755 shares during the period. Geode Capital Management LLC grew its holdings in shares of Calix by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,445,338 shares of the communications equipment provider’s stock worth $76,513,000 after acquiring an additional 74,235 shares during the period. Bank of America Corp DE increased its position in Calix by 63.3% during the first quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider’s stock valued at $36,748,000 after acquiring an additional 290,661 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Calix by 129.7% in the fourth quarter. Intech Investment Management LLC now owns 101,074 shares of the communications equipment provider’s stock valued at $5,350,000 after acquiring an additional 57,065 shares during the period. Institutional investors own 98.14% of the company’s stock.

About Calix

Calix, Inc is a communications technology company that provides broadband access systems, cloud software and managed services to communications service providers. Its solutions are designed to help service providers deploy, manage and monetize broadband networks while delivering services to residential, business and community customers.

The company’s portfolio includes the AXOS broadband platform, which supports fiber, fixed wireless and other access technologies, as well as Calix Cloud software for network management, analytics and operational insights.