Calix’s (CALX) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Calix (NYSE:CALX) in a report published on Wednesday morning,Benzinga reports. They currently have a $55.00 price objective on the communications equipment provider’s stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings lowered Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Tuesday, July 21st. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average price target of $55.80.

Calix Stock Performance

CALX opened at $30.58 on Wednesday. The stock’s fifty day moving average is $35.60 and its 200-day moving average is $42.07. Calix has a one year low of $30.55 and a one year high of $65.00. The company has a market capitalization of $1.93 billion, a PE ratio of 44.97 and a beta of 1.21.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $301.71 million during the quarter, compared to the consensus estimate of $304.23 million. Calix had a net margin of 3.99% and a return on equity of 5.53%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. On average, equities research analysts forecast that Calix will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Calix

Several large investors have recently made changes to their positions in CALX. Strs Ohio increased its position in shares of Calix by 1.5% in the first quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock worth $1,009,000 after purchasing an additional 300 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Calix by 1.8% in the third quarter. Inspire Investing LLC now owns 18,681 shares of the communications equipment provider’s stock worth $642,000 after purchasing an additional 338 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Calix by 254.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 878 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 630 shares during the last quarter. Hsbc Holdings PLC increased its position in Calix by 3.5% during the first quarter. Hsbc Holdings PLC now owns 19,140 shares of the communications equipment provider’s stock valued at $940,000 after acquiring an additional 647 shares during the last quarter. Finally, Covestor Ltd grew its stake in Calix by 85.4% in the third quarter. Covestor Ltd now owns 1,446 shares of the communications equipment provider’s stock worth $49,000 after purchasing an additional 666 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Northland Securities reiterated an Outperform rating and a $52 price target, estimating 2027 quarterly EPS of $0.33, $0.40, $0.47 and $0.48. The forecasts point to improving earnings through the year and provide a positive analyst signal. Northland Securities estimates and rating
• Positive Sentiment: A report highlights record revenue and Calix’s AI push as potential growth drivers, supporting the longer-term opportunity. Record Revenue And AI Push Could Be A Game Changer For Calix
• Positive Sentiment: Rosenblatt Securities reportedly maintained its Buy rating, indicating continued analyst support. Calix Stock Keeps Buy Rating at Rosenblatt Securities
• Negative Sentiment: JPMorgan issued a forecast described as pessimistic, adding a cautious analyst view. The available report does not specify the price target or reasoning. JPMorgan Issues Pessimistic Forecast for Calix
• Negative Sentiment: Calix disclosed rising FCC regulatory risks that could constrain router approvals and post-2029 firmware updates, potentially affecting product availability or support. Calix Faces Rising FCC Regulatory Risks

Calix Company Profile

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.