Calix (NYSE:CALX) Shares Cross Below 50-Day Moving Average – What’s Next?

Calix, Inc (NYSE:CALX) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $35.99 and traded as low as $32.54. Calix shares last traded at $33.3430, with a volume of 2,506,498 shares traded.

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q3 adjusted earnings were $0.44 per share, ahead of the $0.42 consensus estimate. Revenue rose 13.7% year over year. Calix Q3 earnings beat estimates
• Positive Sentiment: Q4 EPS guidance of $0.41–$0.49 per share is above the $0.40 consensus estimate, with the midpoint implying a sequential improvement. Calix Q3 revenue rises; issues Q4 guidance
• Neutral Sentiment: Q4 revenue guidance of $311 million–$317 million brackets the $314.5 million consensus estimate; FY 2026 revenue guidance of $1.2 billion matches consensus. Calix Q3 revenue rises; issues Q4 guidance
• Negative Sentiment: Q3 revenue of $301.71 million fell short of analyst expectations of $304.23 million, and EPS was unchanged from the year-ago quarter. The revenue miss may overshadow the earnings beat. Calix reports Q3 results

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen upgraded Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Rosenblatt Securities reduced their price objective on Calix from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. JPMorgan Chase & Co. decreased their target price on Calix from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Northland Securities raised Calix from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Tuesday, July 21st. Finally, Roth Capital reiterated a “buy” rating on shares of Calix in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.40.

Calix Price Performance

The company’s fifty day moving average is $35.99 and its 200-day moving average is $42.46. The stock has a market cap of $2.10 billion, a PE ratio of 49.03 and a beta of 1.21.

Calix (NYSE:CALX) last posted its earnings results on Monday, November 2nd. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Calix had a net margin of 3.99% and a return on equity of 5.53%. The company had revenue of $301.71 million during the quarter, compared to the consensus estimate of $304.23 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that Calix, Inc will post 0.89 EPS for the current year.

Hedge Funds Weigh In On Calix

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Calix in the 2nd quarter worth approximately $439,461,000. Paradigm Capital Management Inc. NY purchased a new position in shares of Calix during the 2nd quarter valued at approximately $37,213,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Calix during the 3rd quarter valued at approximately $32,090,000. Bank of America Corp DE purchased a new position in shares of Calix during the 2nd quarter valued at approximately $20,900,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Calix in the 2nd quarter valued at $14,931,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Calix

Calix, Inc provides cloud, software and broadband access solutions to communications service providers. Its technology helps broadband operators deploy, manage and monetize high-speed internet and related services for residential and business customers.

The company’s offerings include broadband access systems, subscriber premise equipment, cloud-based software and analytics, and managed services. Its portfolio supports fiber, fixed wireless and other broadband networks, while enabling providers to deliver services such as Wi-Fi management, network security, connected home applications and business connectivity.

Founded in 1999 and headquartered in San Jose, California, Calix serves broadband service providers primarily in North America, with customers and operations in other international markets.