JPMorgan Chase & Co. Cuts Calix (NYSE:CALX) Price Target to $58.00

Calix (NYSE:CALX) had its price objective trimmed by JPMorgan Chase & Co. from $65.00 to $58.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the communications equipment provider’s stock.

Other equities analysts also recently issued research reports about the stock. Roth Capital reaffirmed a “buy” rating on shares of Calix in a report on Tuesday. Weiss Ratings cut shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Northland Securities upgraded shares of Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research report on Tuesday. Wall Street Zen cut shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Needham & Company LLC dropped their target price on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Calix currently has an average rating of “Moderate Buy” and a consensus price target of $63.86.

Calix Stock Up 0.6%

NYSE CALX opened at $35.97 on Wednesday. Calix has a 52 week low of $34.26 and a 52 week high of $71.22. The company has a market capitalization of $2.26 billion, a P/E ratio of 48.61 and a beta of 1.23. The stock’s 50-day moving average price is $38.28 and its 200-day moving average price is $46.05.

Calix (NYSE:CALX) last announced its quarterly earnings data on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $293.33 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.33 EPS. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. Research analysts anticipate that Calix will post 0.9 EPS for the current year.

Calix declared that its board has authorized a stock buyback program on Tuesday, April 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Calix

In other news, Director Carl Russo sold 25,000 shares of Calix stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $43.26, for a total transaction of $1,081,500.00. Following the sale, the director owned 1,644,188 shares in the company, valued at $71,127,572.88. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Calix

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Calix by 11.0% in the 1st quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock valued at $993,000 after acquiring an additional 2,773 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock valued at $1,538,000 after purchasing an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Calix by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock valued at $6,249,000 after purchasing an additional 16,905 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Calix by 26.8% during the first quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after purchasing an additional 6,962 shares in the last quarter. Finally, Amundi grew its position in shares of Calix by 16,478.0% during the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock valued at $518,000 after purchasing an additional 9,722 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 raised its FY2026 and Q4 2026 earnings estimates for Calix, and reiterated an Outperform rating with a $52 price target, signaling confidence in the company’s longer-term earnings outlook. Northland Securities estimate update
• Positive Sentiment: Calix also continued to receive supportive coverage and upbeat investment commentary, including a report suggesting the stock may be undervalued based on recent earnings performance and 2026 guidance. Calix undervaluation article
• Neutral Sentiment: Business updates also remain constructive, with Calix announcing that Conexon Connect is using Calix Agent Workforce Cloud to expand its rural fiber broadband go-to-market strategy. Conexon Connect announcement
• Neutral Sentiment: Separately, Calix expanded rural AI broadband reach with three new provider deployments, which supports the growth narrative but is not a major near-term catalyst. Rural AI broadband expansion article
• Negative Sentiment: Several law firms issued urgent reminders about the securities class action against Calix and the July 27 lead plaintiff deadline, keeping fraud allegations and potential legal costs front and center for investors. Securities fraud lawsuit reminder
• Negative Sentiment: Additional coverage noted a pessimistic forecast from JPMorgan and a downgrade-related move to new 52-week lows, reinforcing concerns that analysts are becoming more cautious on the stock. JPMorgan pessimistic forecast

About Calix

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.