Calix, Inc (NYSE:CALX) Receives $63.86 Average Price Target from Brokerages

Calix, Inc (NYSE:CALX) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $63.8571.

A number of brokerages have recently issued reports on CALX. 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 research report on Wednesday, July 22nd. Wall Street Zen lowered shares of Calix from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Tuesday, July 21st. Weiss Ratings raised Calix from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th.

Calix Stock Down 0.2%

Shares of NYSE:CALX opened at $37.60 on Wednesday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 50.81 and a beta of 1.24. The company has a 50 day moving average of $38.09 and a two-hundred day moving average of $43.46. Calix has a 52-week low of $34.26 and a 52-week high of $71.22.

Calix (NYSE:CALX) last released 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 firm had revenue of $293.33 million for the quarter, compared to the consensus estimate of $289.96 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. On average, equities analysts anticipate that Calix will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Calix

In related news, Director Carl Russo sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.20, for a total transaction of $2,715,000.00. Following the sale, the director directly owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

Institutional Trading of Calix

Institutional investors have recently added to or reduced their stakes in the business. 4D Advisors LLC acquired a new position in shares of Calix in the 4th quarter valued at about $6,087,000. GSA Capital Partners LLP raised its stake in Calix by 167.0% during the fourth quarter. GSA Capital Partners LLP now owns 53,867 shares of the communications equipment provider’s stock worth $2,851,000 after acquiring an additional 33,691 shares during the period. California State Teachers Retirement System raised its stake in Calix by 32.6% during 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. Bank of America Corp DE lifted its holdings in Calix by 63.3% in the first quarter. Bank of America Corp DE now owns 750,117 shares of the communications equipment provider’s stock worth $36,748,000 after acquiring an additional 290,661 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 last quarter. Institutional investors own 98.14% of the company’s stock.

Calix Company Profile

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.