Brokerages Set Calix, Inc (NYSE:CALX) PT at $64.00

Shares of Calix, Inc (NYSE:CALX) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $79.50.

Several equities analysts have weighed in on the stock. Roth Capital set a $85.00 target price on shares of Calix and gave the company a “buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Calix from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Craig Hallum reiterated a “buy” rating and issued a $75.00 price objective on shares of Calix in a report on Friday. Zacks Research cut Calix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Calix in a research note on Wednesday, October 8th.

Insider Buying and Selling

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. Following the transaction, the chief financial officer owned 76,555 shares of the company’s stock, valued at $4,976,075. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 16.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Calix

Large investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its stake in Calix by 17.6% during the first quarter. Illinois Municipal Retirement Fund now owns 33,759 shares of the communications equipment provider’s stock worth $1,196,000 after purchasing an additional 5,045 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Calix during the first quarter worth $922,000. Principal Financial Group Inc. lifted its stake in Calix by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 294,539 shares of the communications equipment provider’s stock worth $10,438,000 after acquiring an additional 7,030 shares in the last quarter. Huntleigh Advisors Inc. lifted its stake in Calix by 16.6% during the 1st quarter. Huntleigh Advisors Inc. now owns 9,822 shares of the communications equipment provider’s stock worth $348,000 after acquiring an additional 1,397 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Calix by 332.9% during the 1st quarter. New York State Common Retirement Fund now owns 286,719 shares of the communications equipment provider’s stock worth $10,161,000 after acquiring an additional 220,491 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Stock Performance

NYSE CALX opened at $67.11 on Thursday. The stock’s fifty day moving average is $61.16 and its two-hundred day moving average is $53.58. The firm has a market capitalization of $4.38 billion, a P/E ratio of -559.19 and a beta of 1.32. Calix has a fifty-two week low of $28.60 and a fifty-two week high of $71.22.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative return on equity of 0.70% and a negative net margin of 0.78%.The company had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. As a group, sell-side analysts forecast that Calix will post -0.43 EPS for the current year.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.