Calix, Inc (NYSE:CALX) Stock Has Average Target Price of $63.86

Calix, Inc (NYSE:CALX) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $63.86.

A number of brokerages have commented on CALX. Weiss Ratings upgraded Calix from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Rosenblatt Securities dropped their target price on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Roth Capital restated a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. cut their price target on Calix from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 75,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 1,569,188 shares of the company’s stock, valued at approximately $56,804,605.60. The trade was a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its stake in shares of Calix by 1.5% in the 1st quarter. Strs Ohio now owns 20,600 shares of the communications equipment provider’s stock valued at $1,009,000 after purchasing an additional 300 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Calix by 3.5% during the 1st quarter. Hsbc Holdings PLC now owns 19,140 shares of the communications equipment provider’s stock worth $940,000 after buying an additional 647 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Calix by 24,733.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after buying an additional 742 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of Calix during the second quarter worth approximately $31,000. Finally, Diversified Trust Co raised its stake in shares of Calix by 9.0% during the first quarter. Diversified Trust Co now owns 11,057 shares of the communications equipment provider’s stock worth $542,000 after buying an additional 910 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Calix Price Performance

CALX opened at $36.57 on Thursday. Calix has a one year low of $32.35 and a one year high of $71.22. The company’s 50 day simple moving average is $36.64 and its 200-day simple moving average is $39.35. The stock has a market capitalization of $2.30 billion, a P/E ratio of 49.42 and a beta of 1.32.

Calix (NYSE:CALX) last issued its quarterly earnings results on Monday, July 20th. The communications equipment provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a net margin of 4.61% and a return on equity of 6.17%. The business had revenue of $293.33 million during the quarter, compared to analyst estimates of $289.96 million. During the same quarter last year, the business posted $0.33 earnings per share. Calix’s revenue for the quarter was up 21.3% compared to the same quarter last year. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, analysts anticipate that Calix will post 0.89 EPS for the current year.

About Calix

Calix, Inc (NYSE: CALX) provides cloud and software platforms, broadband access systems, and related services to communications service providers. Its solutions are designed to help providers deploy, manage, and monetize broadband networks while improving the subscriber experience across residential, business, and community markets.

The company’s offerings include the AXOS broadband access platform, Calix Cloud software, and a portfolio of hardware and subscriber-premises equipment. These products support fiber, fixed wireless, and other broadband networks and can provide capabilities such as network automation, analytics, Wi-Fi management, cybersecurity, and connected-home services.