Calix (NYSE:CALX) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Calix (NYSE:CALX) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Calix from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Calix in a research report on Friday, October 31st. Roth Capital set a $85.00 price objective on Calix and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded Calix from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Calix in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.50.

Calix Price Performance

CALX opened at $64.32 on Wednesday. The business has a fifty day moving average price of $61.50 and a 200 day moving average price of $53.97. Calix has a 12 month low of $28.60 and a 12 month high of $71.22. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of -535.96 and a beta of 1.44.

Calix (NYSE:CALX) last released its earnings results 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 net margin of 0.78% and a negative return on equity of 0.70%. The firm had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, research analysts anticipate that Calix will post -0.43 earnings per share for the current year.

Insider Transactions at Calix

In other news, insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Cory Sindelar sold 10,000 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the sale, the chief financial officer owned 76,555 shares of the company’s stock, valued at approximately $4,976,075. This represents a 11.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 490,000 shares of company stock worth $31,434,800. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Calix

A number of hedge funds and other institutional investors have recently made changes to their positions in CALX. SouthState Corp raised its stake in Calix by 10,000.0% during the 2nd quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Calix in the 1st quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new position in shares of Calix in the second quarter valued at approximately $30,000. Signaturefd LLC raised its stake in shares of Calix by 91.1% during the first quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 480 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Calix during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Calix

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.